After all of those bits are reviewed (we will be submitting PDF’s, not actual pages) plus all additional Requests for Additional Information are answered, we will finally have permission to START building. 100 0 obj <> endobj Remember, our design is simply a refinement of currently well proven light water reactor technology used to produce steam for a very well proven Rankine cycle heat engine. It is a lie that we are told so that we can be controlled for the good of society because what we choose to dedicate our lives to is so dangerous. Annual regulatory fees are mandated by Congress, pursuant to Section 9 of the Communications Act of 1934, as amended. regulatory costs examples There is nothing to stop nuclear from being taxed an “equivalent carbon tax.” (where it is taxed as if it were a natural gas plant of equivalent output) A reason possibly given for this would be that not taxing nuclear would make it unfair for coal(or any other tech) to compete with it. Mr. Rockwell said that no, Weinberg was not right. � If we get to compete on a ‘clean loop’ approach, we win. Many translated example sentences containing "regulatory costs" – Italian-English dictionary and search engine for Italian translations. More than 2 years later, it is clear this experiment in cost-benefit analysis of tax regulations … Companies must use capital to comply with federal rules instead of investing in plant, equipment, and people. Former submarine Engineer Officer. If an operator somehow upsets its permanently assigned resident inspectors (there are two for every plant), it may end up paying for additional regulatory services to the tune of several million per year in fees – plus about 2-3 times that amount in salaries and lost time in responding to the additional “assistance.” TVA recently got put on the bad boy list merely by having a valve turn out to be not operable in automatic – though it could still be manually repositioned. On unnecessary regulation, I would have to let insurance companies (sans Price-Anderson Nuclear Industries Indemnity Act ) try to determine that in a free market. So the OMB report falls all over itself to say that it isn’t sure its analysis is accurate, or that prior estimates of regulatory costs were rigorous. From a regulatory perspective, the ACA has imposed more than $27.2 billion in total private sector costs, $8 billion in unfunded state burdens, and more than 159 million paperwork hours on local governments and affected entities. In a world-wide scheme, who is going to do the counting? Regulatory accumulation may be particularly detrimental to economic prosperity to the extent that it deters entrepreneurship. Hence the need for a carbon tax … Worldwide … I hope this will be a conclusion of the United Nation meeting that is going on in Africa right now on climate change. _____international scm network to reduce administrative burdens_____ 3 contents 1 introduction 5 1.1 reading instructions 5 2 which cost does the standard cost model measure 6 2.1 the costs of regulation – financial and administrative. Atomic energy expert with small nuclear plant operating and design experience. I think July 29th may have been the last time you provided an update here on that. Examples of the latter tactic abound, including but not limited to product safety regulations, pricing disclosure regulations, mandatory government inspection of products and services, tariff schedules and a variety of import restrictions, and occupational licensing … It is a lie created to exert control. http://smartech.gatech.edu/bitstream/handle/1853/42061/tedder_abel_cahill.mp4?sequence=1 Canadian Cost-Benefit Analysis Guide: Regulatory Proposals 1 I. @Daniel – I would be satisfied only if Dr. Caldicott herself was to apologize for quoting the bad science book and if the NYAS would publicly denounce the people who abused their good name by publishing it in the first place. I look at this as stealing, taking something from somebody else that wasn’t agreed to through a contractual obligation with appropriate remuneration. On the question of locking-in gas prices, the plant operators seem to want to ride the spot market to best compete, but if they needed to ‘beat’ a nuclear plant, here is what a trader told me: “Market is very liquid out five years and somewhat liquid out ten years, although the bid/ask spread widens greatly as you try to do longer term and/or bigger volumes. I have been in touch with Professor Lester. Could it be done quickly? However the the problems with the NRU and the farce of the MAPLE reactors demonstrates that the regulator here is not exactly an asset to the industry’s development. Examples of regulatory constraints in a sentence, how to use it. Filed Under: Nuclear Cost Data, Nuclear regulations. Nuclear blogger Rod Adams has the devastating details of how the study came to public attention and its rapid fall from grace. The act of over regulation follows a quadratic function of costs growth. It seems you may have closure on this other issue (NYAS) according to Monbiot: Caldicott cites as her source a discredited study published by the New York Academy of Sciences (NYAS). Can be done in no time. Examples of regulatory constraints in a sentence, how to use it. :;�I�].� ��^��j��!/�2�hR��4�HU��&���U��t�� That the bargain as Weinberg described did harm without providing any benefit. 0 Combined with regulatory costs, the total cost per facility eclipses $22 million. That link is also where I had seen that GE-Hitachi had made a proposal for the Sellafield site’s plutonium. And a regulatory scheme that is so large as to be impossible to manage effectively? There is some debate on the amount of “overhead” at NRC compared to other agencies. Founder, Adams Atomic Engines, Inc. This is the case that we see with nuclear power. For example, the level of a cost-based user fee or cost-based regulatory charge may reflect the desire for expedited service or the differing financial circumstances of citizens or within industry user groups. Atomic Show #287 – Darren Gale, VP Commercial Operations, X-Energy talks about Xe-100, Open Letter to Interim Storage Partners and Holtec – please find better locations for your CISF projects ASAP. I suggest basic reform of the NRC before implementing a carbon tax. If it isn’t already outright banned. This is why I don’t see carbon taxes as a boon to nuclear. Rod, I think he’s referring to this article, which I think you tweeted a link to earlier this week. I wouldn’t be too quick to abandon the Japanese system on the strength of a staggeringly huge natural disaster. Under those conditions, a few mistakes might be expected. 1 The costs and benefits of regulation 10 1.1 A rule’s life 10 1.1.1 The life of a EU rule 12 1.2 Mapping regulatory impacts 15 1.2.1 Costs, benefits, or just impacts? You could fight the bureaucracy but that would end up taking longer and costing more and you’d end up in the same place when all was said and done. Violations of regulatory compliance often result in legal punishment, including federal fines.. To me, nuclear is a great backstop technology whose time is sometime in the future in a fossil-fuel-rich world given relative economics. Gates has largely funded a Washington state-based company, TerraPower, that is developing a Generation IV nuclear reactor that can run on depleted uranium. Below is a link to a presentation that I gave at tech on the impact that coal and nuclear power can have on our economy, first file is 263MB, second link is streaming. But airport security regulations provide a familiar example of all three indirect costs. 8���D� All operating reactors pay the full federal cost of regulation. For example, estimates measuring the … Compliance. I wish I had found Ted Rockwell’s article. How do we compare to France, Canada, China or the Russia for example? The operators might have made a few errors that can be identified by Monday morning quarterbacks, but you are a former plant operator who should be able to put yourself in their shoes. Unfortunately, things such as a carbon tax tend to feed the black hole of government spending, providing little aid to the work of reducing the cost of energy. Cal, once you get finished with exams for the semester, you might want to check out this lengthy post expounding on Weinberg’s intended meaning when he called nuclear power a “Faustian bargain”. http://web.mit.edu/mitei/research/studies/naturalgas.html It further directs agencies that the “total incremental costs of all regulations … Having never spoken to him about this subject that is just an observation. Taxonomy of regulatory costs. That tax was actually called a BTU tax. If you’re going to do it for nuclear, it would seem fairest to do it for other non-carbon emitting sources as well. One recent survey, released just in time for Donald J. Trump's inauguration, dropped this … The annual fee starts at $4.7 million per reactor, no matter how large or small it is and no matter how exceptional its record is. Do we have the will? When the Republicans first thought of this carbon tax, they had a great market incentives with ‘carbon units’ that you could trade. Like a market. The last CED policy statement on regulatory policy, “Modernizing Government Regulation: The Need for Action,” was issued in 1998. Or if we impose a tax on the fuel based on its estimated carbon output, why doesn’t the guy with the wood stove have to pay for the carbon emissions (and other air pollution) that he emits? July ... as applying for a licence or giving practical examples of how regulated entities may decide to meet their obligations ... those fees and costs, to support good outcomes. Superficial actions and persuasive rhetoric used to make it seem as if the industry resists vacuous change are, not the answer. Production is separated by regions, technology, and applications. Daniel makes a valid point in that being competitive in the “free market” is only fair if all of the players have prices that truly reflect the costs, internal and external. 1. 11 examples: When an employer does offer a pension, a variety of regulatory constraints must… We wanted to understand if firms were complying with the new rules and what challenges they found in doing so. Lots of things on your mind, including that family that lives a few miles away and might have been washed away by the wave. These costs including legal costs, and other managerial costs incurred in … Departments may establish pricing regimes that recognize the varying service needs or profiles of users. The lie the devil sold was that this “law of nature” was in his possession and Faust had no right to it other than to give up his immortal soul. It is natural, it is the “invisible hand”, it is what drives human action and it is what drives action in the world around us. Joel, Regulatory costs are an essential aspect of the efficiency and quality of regulations. Money talks. In fact, even threats of new regulations or policies have consequences. The top-down approach estimates regulatory costs using econometric modeling and proxy measures of regulation. Note that this guidance only applies when other cost guidance does not apply. http://www.nrc.gov/reading-rm/doc-collections/fact-sheets/funds-fs.html, http://www.nrc.gov/reading-rm/doc-collections/cfr/part170/part170-0020.html, Debating a natural gas booster about nuclear competition, Challenging Master Resource's implication that Enron was the only rent seeking manipulator. @Robert – What does the Price-Anderson insurance pool system have to do with regulation? h��X�n7�~@ �~� vZ�ڠ���!ȃ�ll�H “I am the captain of my soul.”, On a related but separate note, The Wall Street Journal reported that by 2025 natural gas will surpass coal in electricity generation. 121 0 obj <>stream I look at this as stealing too. It would be the same if I were to put a gun to their head and pull the trigger. But it is still astonishing that so-called “free market” advocates who diss nuclear for its costs totally blow these things off. 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