Publicatie Laka-bibliotheek:
Due diligence on the economics and business risks of new nuclear power
Auteur | Craig A. Severance |
6-01-0-10-84.pdf | |
Datum | maart 2010 |
Classificatie | 6.01.0.10/84 (KOSTEN) |
Voorkant |
Uit de publicatie:
Due Diligence on The Economics and Business Risks of New Nuclear Power Craig A. Severance CPA Author, Business Risks to Utilities as New Nuclear Power Costs Escalate (Electricity Journal, May 2009) Co- Co-Author, The Economics of Nuclear and Coal Power (Praeger, 1976) Website Resources: www.EnergyEconomyOnline.com March 4, 2010 Brookings Institution/Global Public Policy Institute Conference “Towards a Nuclear Power Renaissance? Challenges for Global Energy Governance” Governance” Potsdam, Germany Evaluating New Nuclear Power Economics and Business Risks Multiple studies & projections Levelized Cost of Energy primary focus Costs unproved, rely on nuclear vendors Promoter business plans always look competitive – yet most have serious weaknesses Due Diligence process asks questions that highlight strengths and weaknesses Trillions of dollars of energy investment now at stake Serious weaknesses exposed? Go slow. “Who Stopped New Nuclear Power?” Not environmentalists – government policies always favored nuclear power Not Three Mile Island 1979 accident – cancellations already underway before accident Utility boards & Wall Street stopped nuclear expansion after true costs, business risks evident Core Due Diligence Tests 1. Does proposal match customer needs? 2. Financial Ability/Financial Stress 3. Reliability of Cost Projections 4. Assessment of Competition 5. Reliability of Revenue Projections Business Test #1: Does Proposal Match Customer Needs? – Current Utility Environment – Demand forecasts highly uncertain Energy efficiency efforts increasing Smart Grid to be implemented Distrib