Maybe "News Flash" ought to be reserved for news that briefly flashes in the dark and is never mentioned again. The flash of Panama declaring war on the US was never mentioned when the media and the rest of the world accused the US of trampling on international law. And they keep talking about the "US-installed" government; the flash that it had been elected (and prevented from taking over) has been forgotten.
But here are two such news flashes in energy this month.
First, I had been under the impression that nuclear power was the only energy branch that had a law setting a liability limit on its insurance. But after the Valdez spill Congress rewrote the oil tanker insurance law in a bill that is now in conference, and if you read the details
¾news flash!--you will see that there has been a liability limit for oil spills all along, now to be increased from its present value of $1,000 per gross ton of the vessel. In many cases the limit will be effectively abolished, since the new federal law will no longer preempt state law, and several states do not recognize any limit. That, incidentally, is fine with me, because I believe any liability limit is immoral and (for nuclear) unnecessary, though I would like to see the government use the exorbitant taxes on the oil companies (paid by you at the pump, of course) to help pay for the cleanup¾if it must tax them at all.Next, on 1/11/90 an explosion and fire took place in the LUZ company's 80 MW solar plant in Barstow, Calif., which had been on line for less than two weeks. A heating unit containing Ther-minol, a synthetic oil used as the working fluid at a nominal 735 degrees F, caught fire. And this
¾news flash !--is the first I ever heard that solar plants use a combustible liquid as the working fluid. (After the Browns Ferry fire hundreds of miles of cable had to be reinstalled in nuclear plants to make even insulation fire-retardant; the working fluid is water.) Four hundred plant workers had to be evacuated, two were hospitalized. The fire burned for more than 5 hours and sent smoke to a height of 2,500 ft in the air, causing damage estimated at $10 million. Yet the news was reported only once on CNN, and on none of the radio networks (I had to fish it out by searching UP dispatches and am now using a small clipping from the Los Angeles News). Just like TMI, eh?Weeks later (2/20/90) Forbes published an article on the plant, gushing unmitigated praise without breathing a word about the accident, though in the past it rarely missed an opportunity to knock nuclear power for much smaller incidents. Please under-stand that I am not knocking solar power, least of all when it is operated by a private company (though taking advantage of the taxpayer subsidy provided by federal and state legislation, perhaps even
¾I am not sure about this¾receiving direct DoE funds). But I will knock Forbes's sleazy reporting in comparing it with a nuclear plant. What few meaningful numbers it contains tell their own story, if you can read between the lines. The 80 MW plant sits on 810 acres, which means that for a usual (coal or nuclear) unit of 1,000 MW it would take up 16 square miles instead of 25 acres for the same peak power; if it were to reach the capacity power of a regular plant, it would have to store energy to be able to provide that power at any time when it is in demand. That would mean raising its average output by a factor of at least 6, which brings us to an area of around 100 square miles. They have that kind of area in the Mojave desert; and I hope Forbes finances the transmission line to New York to take advantage of it.You would think a financial and securities magazine would eschew the elementary blunder of rating a solar plant by its claimed cost per kilowatt-hour [AtE Feb 90]; you can always halve that cost on paper by projecting a doubled life of the mirrors. What a competent financial magazine would do is evaluate its cost per installed peak kilowatt, and here the article is mushy except for a mention of a planned project of five 80 MW plants at a cost of $1 billion. That makes $2,500 per installed peak kilowatt, and frankly, I don't believe it, for SoCal's Solar One (now inoperative because of a fire) cost $14,000/kW. But suppose LUZ's projection is correct (and I hope it is), that is still double the investment for a nuclear plant, and it is only for peak, not capacity, power. Yet in a double innuendo of solar economy and nuclear environmental inferiority, Forbes writes "If you can have environmentally benign power on economic terms, why would you go to a nuclear plant?"
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Vol. 17, No. 7
Newsletter: Access to Energy Newsletter Archive Volume: Issues Issue/No.: Vol. 17, No. 7 Date: December 01, 2004 03:31 PM Title: Trading fur coats
Copyright © 2004 - Access to Energy Newsletter Archive
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