Miss McLellan and gentlemen,
I suggest that you click on, read, and contemplate "Nuclear power critics taking long view".
In 2004 the National Electric Reliability Council (NERC not to be confused with FERC which does have governmental activitites) issued a report in which they estimated that North America would need 70 gigawatts of new generation by 2013 and probably would have 68.2 gigawatts at that time.
In this article you will find that the earliest that the industry could expect any new nuclear powerplants to be on-stream (in the USA) is 2015. The "(in the USA)" is my interpolation.
Bear in mind, please, that such giant Investor Owned Utilities in California as San Diego Gas and Electric, Southern California Edison, and Pacific Gas and Electric have all been victims of the Enron fiasco and are struggling to supply their customers with the power their customers need....
Both SDG&E and PG&E have requested tenders from "others" to supply them with bulk power which they will retail to their customers. This indicates to me that their fiscal health is very poor and that they will probably have thousands of very irate customers no matter what they do.
During the Reagan - Bush Administrations, the annual US Federal deficit averaged about $350 billions. Individual States also had deficits. The result was a huge increase in borrowed capital, mostly from Japanese money-markets, and interest rates soared to 20% per annum or more. By 1984 it became obvious that any Investor Owned Utility which had a large nuclear powerplant under construction at that time was certain to be seeking protection from its creditors. Both SDG&E and PG&E were examples. FIRST ENERGY of Ohio was another. El Paso Electric of Texas was another.
The US Federal Government presently has a deficit of at least $470 billions and California has a huge, chronic, deficit.
Miss McLellan and gentlemen, the American Investor Owned Utilities have very close connections to the Republican Party. Wendell Wilkie had been CEO of the Commonwealth and Southern Group of companies before contesting for President of the United States against President Roosevelt, for example.
In 1929 many I.O.U.'s had been borrowing money under pretext that they would invest the money in transmission and distribution circuits. Some did do as promised but some did not. Those that did not invested it in real estate and, when the bubble burst, there was a threat of bankruptcy which the US Nation could not afford.
In 1935 the Public Utilities Holding Companies Act was passed by the US Congress. If a Holding Company had connected its subsidiaries together with transmission lines the Holding Company was permitted to continue to operate as such. Otherwise the Holding Company was forced to break up into independent corporations. The Commonwealth and Southern Group was one of the Holding Companies that was forced to break up. One of the companies in that Group was the engineering arm which became known as Commonwealth Associates Inc., a company which employed me from 1971 until 1986.
I have attempted to show you why the Investor Owned Utilities of the USA tend to be pro-Republican and, therefore, do not want to "rock-the-boat" by criticizing the unwise economic policies of a Republican President of the USA. Very strongly I believe that is the reason these I.O.U.'s are not doing so now but the facts are clear: the American people will be screaming at Canada for more power in a few years, even a few months, and the American people will not accept valid arguments that Canada cannot provide it.....You have been warned and I will remind you when the American Ambassador makes the demands...if I hear about the demands!
Allan
adane@telusplanet.net
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