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Industry News 2003 P27



CERA points to several possible causes of blackouts
In his testimony before the U.S. House Committee on Energy and Commerce, Cambridge Energy Research Associates (CERA) Senior Director Lawrence J. Makovich said the likely cause of the Aug. 14 blackouts was a combination of things.

Nuclear power plants maintain lowest production cost for baseload electricity, NEI reports
The nation's 103 nuclear reactors were the lowest cost electricity producers of any source of expandable, baseload electricity in 2002, according to NEI.

Recent world events revive argument for nuclear power's revival
Recent world events have the nuclear power industry poised for an era of growth, USEC Inc. President and CEO William H. Timbers told a nuclear industry conference in London Thursday.

NRC outlines plans for nuclear industry security
In a letter to Secretary of Homeland Security Tom Ridge, U.S. Nuclear Regulatory Commission (NRC) Chairman Nils J. Diaz outlined the steps the nuclear industry has taken to enhance security at facilities and of radioactive material.

Asian countries achieve energy understanding
An agreement was reached on Monday between China and four countries from East Asia and the Asia-Pacific region in three areas on accelerating renewable energy use and energy efficiency co-operation.

NEI urges House committee to preserve fuel diversity in electric generation
In a letter to the Committee on Energy and Commerce U.S. House of Representatives, Nuclear Energy Institute (NEI) president and CEO Joe F. Colvin shared the organization's views on the reliability of the nation's electric infrastructure following the Aug. 14 blackout in the Northeast.

FERC chair speaks on blackout before House committee
Pat Wood III, the Chairman of the Federal Energy Regulatory Commission (FERC), spoke on Wednesday before the House Committee on Energy and Commerce regarding the Aug. 14 blackout.

Nuclear power plants maintain lowest production cost for baseload electricity, NEI says
The nation's 103 nuclear reactors were the lowest cost electricity producers of any source of expandable, baseload electricity in 2002.

Compensation agreed for UK power outage
EdF Energy will have to pay £1.15m ($1.8m) as compensation for a power outage which left some customers in the south and east of England without power for over a week last October.

UK firms plan to invest $2bn in US grid
Analysts Datamonitor says that that over $100bn of investment is needed to prevent another blackout like the one that recently affected 50 million US citizens and that UK firms with a stake in the US transmission system have looked to increase their levels of investment, potentially capitalizing on the opportunity of higher returns.

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