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Welcome Carol Berrigan Nuclear Energy Institute July 13, 2015.

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Presentation on theme: "Welcome Carol Berrigan Nuclear Energy Institute July 13, 2015."— Presentation transcript:

1 Welcome Carol Berrigan Nuclear Energy Institute July 13, 2015

2 Focus on Fundamentals Engagement Engagement Membership Membership Committees Committees Leadership Leadership Sustainability Sustainability Looking forward Looking forward WIN 2020 and beyond WIN 2020 and beyond

3 USWIN2015

4 Focus on Fundamentals: Back to Basics Stephen G. Burns Chairman U.S. Nuclear Regulatory Commission July 13, 2015

5 The Economics of Nuclear Power in a Changing Marketplace Maria Korsnick Chief Operating Officer Nuclear Energy Institute July 13, 2015

6 Nuclear Energy Generates 11% of Global Electricity 437 reactors in 31 countries

7 Global Nuclear Plant Construction 66 nuclear power plants under construction

8 Nuclear’s Economic Impact Employs ~100,000 full-time workers Creates 14,000 FTE through supplemental labor $8 billion in tax revenues generated at local, state and federal levels $14 billion injected annually into U.S. economy--direct goods and services purchases $40-$50 billion in annual electricity sales Nuclear plants account for 100,000 U.S. jobs and inject billions of dollars into the U.S. economy each year

9 Continuous Improvement Drives Value Remain focused on actions that enhance operational value Safety culture: nuclear, industrial, radiological and environmental Reliability improvements: disciplined approach to making investments Focus on operations: online, refueling, seasonal readiness Benchmarking and sharing industry best practices Source: Energy Information Administration (EIA) Disciplined decision-making and a focus on safety, efficiency and reliability will preserve and enhance nuclear asset values

10 Nuclear Energy Plays a Key Role In a Diverse Electricity Mix Reliable, consistent output maintains system reliability, balances demand and supply, and supports stable market pricing Capacity Factor by Fuel Type - 2013 Diversification of technology and fuels is essential to avoid over-reliance on any one resource

11 We Cannot Meet Emissions Reduction Goals without Nuclear

12 Economic Challenges Lack of a coherent federal energy policy and market rules Lack of a coherent federal energy policy and market rules Policies that subsidize and incentivize certain clean sources over others Policies that subsidize and incentivize certain clean sources over others Increase in low-cost natural gas production Increase in low-cost natural gas production Transmission challenges Transmission challenges Cumulative impact of regulation Cumulative impact of regulation Several nuclear plants face financial challenges in the market environment and face early closure

13 Action Needed To Meet Changing Marketplace Dynamics Solutions needed to ensure energy policies and market design work together to preserve nuclear resources Inaction could lead to premature retirements, putting jobs, grid stability and clean air goals at risk Maintain safe plant operation with commitment to excellence Public confidence that nuclear energy is a reliable, carbon- free source of electricity Advocate for the future of nuclear energy and inspire others to become advocates

14 Industry’s Top Four Priorities Broad recognition of the importance of a diverse electricity supply Broad recognition of the importance of a diverse electricity supply Fair compensation for nuclear energy production in competitive electricity markets Fair compensation for nuclear energy production in competitive electricity markets More efficient, safety-focused regulation More efficient, safety-focused regulation Congressional support for international trade in commercial nuclear technologies Congressional support for international trade in commercial nuclear technologies We must make our collective voice heard on these top priorities with regulators, policymakers and the public

15 Focus on Fundamentals: Back to Basics Dennis Koehl President and CEO STP Nuclear Operating Company July 13, 2015

16 – Cindy wahler “Women ask for input, women ask great questions, and women encourage being challenged - not for the art of debate but rather to advance thinking.”

17 L - LISTEN U - UNDERSTAND C - CHALLENGE K - KNOW THE DETAILS I - IDENTIFY THE OPTIONS E - EXECUTE THE BEST OPTION R - REVIEW


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