ABSTRACT

Legislative Hearing on S. 512, the Nuclear Energy Innovation and Modernization Act, Hearing Before the Committee on Environment and Public Works, U.S. Senate, One Hundred Fifteenth Congress, First Session, March 8, 2017   [open pdf - 2MB]

This testimony compilation is from the March 8, 2017 hearing, "Legislative Hearing on S. 512, the Nuclear Energy Innovation and Modernization Act" held before the U.S. Senate Committee on Environment and Public Works. From the statement of Maria Korsnick: "Nuclear energy is the largest and most efficient source of carbon-free electricity in the United States. Currently, 99 reactors in 30 states produce nearly 20 percent of our nation's electricity and approximately 63 percent of our carbon-free electricity. Nuclear energy facilities demonstrate unmatched reliability by operating with an average capacity factor greater than 90 percent--higher than all other electricity sources. Nuclear produces electricity 24/7, regardless of weather and with all its fuel on site for 18-to-24 months. The long horizon for nuclear fuel procurements also means nuclear generation is not subject to price spikes occasionally experienced by other generation sources in recent years. Nuclear energy facilities are essential to the country's economy and the local communities in which they operate. The typical operating plant generates $470 million each year in the sale of goods and services in the local community, and employs 700 to 1000 workers. Construction of a new nuclear plant provides in the range of 3500 jobs at peak periods. Collectively, the nuclear industry contributes about $60 billion every year to the U.S. economy, through supporting over 475,000 jobs and producing over $12 billion annually in federal and state tax revenues." Statements, letters, and materials submitted for the record include those of the following: Maria Korsnick, Ashley E. Finan, Tina Back, Edwin Lyman, and Allison Bawden.

Publisher:
Date:
2017-03-08
Copyright:
Public Domain
Retrieved From:
Senate Committee on Environment and Public Works: https://www.epw.senate.gov/
Format:
pdf
Media Type:
application/pdf
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