GE Persepctive - 40th IFPA

Atoms for Peace +50
Andy White – President & CEO, GE Nuclear Energy
Sustainable Nuclear Growth
The original Atomic Industrial
Forum members envisioned an
Industry prospering through:
• Advanced Engineering
• Business Acumen
• Enlightened Public Policy
Suppliers, Owners & Policy Makers … All Have Key Roles
Nuclear Industry Success
The measures of success are the
same today as they were 50 years
ago:
• Safety
• Plant Performance
• Economics and owner value
• Environmental impact
Has The Vision of Atoms for Peace Been Achieved?
Nuclear Performance Gains Unparalleled
Record
Performance
778 Billion kWhrs
Capacity Factor
100%
71
71
74
77
76
74
80
85
87
89
90
50%
1000
500
0%
0
1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002
Year
Safety & Performance Gains Are Linked
Generation
(Billion Kwhr)
Generation
Capacity Factor
CDF
Nuclear Generation Costs Down 40%
Generation Costs ($/Mwhr)
2002 Dollars
Fuel
Capital Improve
O&M
35
30
25
20
30.3 29.9
27.3
25.5 25.2
27.2
23.5
21.2 20.5
19.4 18.8
15
10
5
0
1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002
Driven by Performance Improvements
The Environment
Over the past 50 years, US Nuclear Plants Have:
• Generated 13.7 Trillion Kilowatt-Hours of Electricity
• Zero Carbon Depletion & Emission Free!
Avoiding:
• 3.1 Billion Metric Tons of Carbon
• 73.6 Million Tons Sulfur Dioxide
• 35.6 Million Tons of Nitrogen
Oxides
Provides Emission Free & Sustainable Energy Resource
The US Nuclear Fleet
BWR
PWR
Anchors the Grid and Stabilizes Generation Costs
Where Are We Today?
Installed Capacity
Hydro
Nuclear
11%
10%
Energy
Other
Hydro
Nuclear
8%
19%
4%
14%
Other
18%
31%
Coal
Gas 34%
Gas
51%
Coal
A Key Part of the US Energy Generation Portfolio
Global Power Generation
2003 – 2006 Orders Forecast
(GW)
187
Rest of
Asia
62
China
125
57
50
28
15
Asia
AIM
Europe
Ltn. Amer.
N. Amer.
Source: EPM S1 Forecast
335 GW Market Potential over Next 4 Years
35% of Orders Come from China
Improving Performance
Setting the Stage for New Nuclear Plants
40
$34.4
35
$29.4
$/MWhr
30
25
$37.3
$22.5
20
15
10
5
0
Existing
Nuclear Plant
New Advanced
Nuclear
(ESBWR)
New Coal
New CCGT Gas
Nuclear Economics Good for New Unit
Fuel
O&M
Capital
Latest Design for U.S. Markets
Next Generation Reactors
• Design Highlights
– 1,400 MWe Plant With Simplified
Systems
– Passive Safety Features
• Overall Schedule
– Licensing Process Started 2002
– Regulatory Approval Expected 2006
• Key Benefits
– Faster Construction, Lower Costs
– Improved Safety and Security
– Improved O&M Costs
ESBWR
ESBWR Can Meet U.S. Owner’s New Needs
Hydrogen Energy …
Advantages
• Most Abundant Element
• Catalytic Process Creates Water (Fuel Cells)
• Energy/kg = 3x Natural Gas or Gasoline
The Challenge
• Infrastructure Not in Place
• Cost of Energy Drives Market - No Cost
of Carbon Dioxide (Greenhouse) Today
Nuclear Role
• HTGR - Zero Carbon Depletion & Emissions
H2 Energy … A Slow Transition
Final Thoughts
• Nuclear Energy Is Key To a
Balanced Energy Portfolio
• Credits for Emission Free, Zero
Carbon depletion Nuclear Energy
• Next Generation Reactors
Address Safety & Economics
• Need New Unit Incentives For
Customers
A Key Role In A Sustainable & Balanced Portfolio

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