Nuclear ‘suspension’ is not welcome news
Published 12:00 am Sunday, January 18, 2009
Not to overstate the case, but the announcement by Entergy Nuclear that it has hit a bump in the road en route to a possible new nuclear plant south of Vicksburg is not welcome news.
Frankly, nothing would revitalize the economy of southwest Mississippi quite as much as a decision to build a second reactor-fired generator near the existing Grand Gulf Nuclear Station. We’re talking a construction budget of at least $5 billion to be spent over a five-year period.
What Entergy said was that a hitch has developed in contract terms with General Electric Hitatchi, which would provide essential components if and when the company decides to participate in construction of a new power plant in Claiborne County or at another site that also has received federal early site approval. The company is pursuing construction and operating licenses for both sites, but, again, has said market demand in years to come will drive a go-no-go decision. The early site permits are good for 20 years. A construction and operating license that could come in three years or so would not require an immediate groundbreaking.
“We continue to see value in developing the nuclear option,” Paul Hinnenkamp, vice president of Entergy Nuclear’s business development function, said in a prepared statement, “and the temporary suspension of the license application review effort does not reflect a change in position regarding new nuclear’s potential value.”
So there’s a sigh of relief.
America needs more clean power and this part of the state needs the jobs and investment. Let’s all hope the suspension is brief.