Welcome
Carol Berrigan
Nuclear Energy Institute
July 13, 2015
Focus on Fundamentals
• Engagement
• Membership
• Committees
• Leadership
• Sustainability
• Looking forward
• WIN 2020 and beyond
Focus on Fundamentals:
Back to Basics
Stephen G. Burns
Chairman
U.S. Nuclear Regulatory Commission
July 13, 2015
The Economics of Nuclear Power
in a Changing Marketplace
Maria Korsnick
Chief Operating Officer
Nuclear Energy Institute
July 13, 2015
Nuclear Energy Generates 11%
of Global Electricity
437 reactors in 31 countries
Global Nuclear Plant Construction
66 nuclear power plants under construction
Nuclear’s Economic Impact
Employs ~100,000
full-time workers
Creates 14,000 FTE through
supplemental labor
$40-$50 billion
in annual electricity sales
$14 billion injected annually
$8 billion
into U.S. economy--direct goods
and services purchases
in tax revenues generated at local,
state and federal levels
Nuclear plants account for 100,000 U.S. jobs and inject billions
of dollars into the U.S. economy each year
Continuous
Improvement
Drives Value
Remain focused on actions
that enhance operational
value
• Safety culture: nuclear, industrial,
radiological and environmental
• Reliability improvements: disciplined
approach to making investments
• Focus on operations: online,
refueling, seasonal readiness
• Benchmarking and sharing industry
best practices
Source: Energy Information Administration (EIA)
Disciplined decision-making and a focus on safety, efficiency
and reliability will preserve and enhance nuclear asset values
Nuclear Energy Plays a Key Role
In a Diverse Electricity Mix
Reliable, consistent output maintains
system reliability, balances demand and
supply, and supports stable market
pricing
Capacity Factor by Fuel Type - 2013
Nuclear
90.9
Geothermal
67.2
Biomass
67.1
Coal
58.9
CCGT
50.3
Hydro
40.5
Wind
32.3
Solar
24.4
0
20
40
60
80
100
Diversification of technology and fuels is essential to avoid
over-reliance on any one resource
We Cannot Meet Emissions Reduction
Goals without Nuclear
Economic Challenges
• Lack of a coherent federal
energy policy and market
rules
• Policies that subsidize and
incentivize certain clean
sources over others
• Increase in low-cost natural
gas production
• Transmission challenges
• Cumulative impact of
regulation
Several nuclear plants face financial challenges in the market
environment and face early closure
Action Needed To Meet Changing
Marketplace Dynamics
• Solutions needed to ensure energy policies and market
design work together to preserve nuclear resources
• Inaction could lead to premature retirements, putting jobs,
grid stability and clean air goals at risk
• Maintain safe plant operation with commitment to excellence
• Public confidence that nuclear energy is a reliable, carbonfree source of electricity
• Advocate for the future of nuclear energy and inspire others
to become advocates
Industry’s Top Four Priorities
• Broad recognition of the importance of a
diverse electricity supply
• Fair compensation for nuclear energy
production in competitive electricity markets
• More efficient, safety-focused regulation
• Congressional support for international trade
in commercial nuclear technologies
We must make our collective voice heard on these top priorities with
regulators, policymakers and the public
Focus on Fundamentals:
Back to Basics
Dennis Koehl
President and CEO
STP Nuclear Operating Company
July 13, 2015
“Women ask for input, women ask
great questions, and women
encourage being challenged - not for
the art of debate but rather to
advance thinking.”
– Cindy wahler
L - LISTEN
U - UNDERSTAND
C - CHALLENGE
K - KNOW THE DETAILS
I - IDENTIFY THE OPTIONS
E - EXECUTE THE BEST OPTION
R - REVIEW