The Debate over Re-Licensing the Vermont Yankee Nuclear Power Plant

Watts, Richard; Hines, Paul Woodson; Dowds, Jonathan

doi:10.1016/j.tej.2010.04.005

Cited by 3 publications

(2 citation statements)

References 2 publications

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“…The mean value of the cost of dismantling, based on the example of Vermont Yankee Nuclear Power Plant, is US$21bn (Watts et al , 2010). However, the amount given so far at a discount of 1.05 −15 =1/2.08 = 0.48 the value of the cost of dismantling and waste management will be 21*0.48 = US$10.1bn (₴282.8bn).…”

Section: Resultsmentioning

confidence: 99%

Global and regional externalities of the Ukrainian energy sector

Skrypnyk

Klymenko

Voloshyn

et al. 2022

IJESM

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Purpose The purpose of this paper is to develop a methodology for assessing the effects of global and regional externalities that create traditional power generation industries and to propose a transition to a tariff strategy taking into account these consequences. The main purpose of the research is to analyze the current wholesale electricity tariffs in the energy market of Ukraine and propose their assessment taking into account external effects for other sectors of the economy. Design/methodology/approach At the first stage, according to observations for 2004–2019 on the amount of pollution and the cost of agricultural products in some regions of Ukraine, which is provided in 2010 prices, the impact of hazardous emissions on the cost of agricultural products was analyzed in each region. The use of panel regression allowed to combine spatial and temporal studies (12 separate areas and time interval 2004–2019). To assess the external effects of heat generation, panel regression was used, which made it possible to combine spatial and temporal data on the impact of pollution on the efficiency of agricultural production and add regional losses of agricultural business to the cost of heat generation. This paper uses optimization models to maximize the function of public utility of electricity generation, making allowances for externalities. Findings This research assesses the negative externalities of Ukraine's energy and confirms the need for a global transition to a low-carbon economy primarily through climate finance. The analysis revealed the presence of various influences of the factor of regional air pollution and time. The hypothesis of the existence of a negative impact of local air pollution on agricultural production has been confirmed. An increase in emissions by 1,000 tons leads to an average decrease in regional agricultural production by UAH 84 million (at the prices of 2010). Originality/value The optimization problem of the ratio of different types of generation is set on the basis of maximizing the function of social utility of electricity generation, taking into account external effects. The authors presented an optimization model of electricity generation, which corresponded to the state of the energy market for 2019, provides an opportunity to assess the contribution of the inverse external effects of each electricity sector and to estimate external tariffs for each electricity generation sector.

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Section: Resultsmentioning

confidence: 99%

Global and regional externalities of the Ukrainian energy sector

Skrypnyk

Klymenko

Voloshyn

et al. 2022

IJESM

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“…The main exception to this trend is the widely-studied German energiewende (energy transition), which included a phaseout of nuclear energy (Johnstone and Stirling, 2020; Pegels and Lütkenhorst, 2014; Ramana and Delumeau, 2020). This article builds on existing studies of nuclear shutdown in geographical political economy (Greco and Yamamoto, 2019; Watts, 2012; Watts et al, 2010), highlighting the need to examine devaluation as an element of transitions that affects assets beyond the fossil fuel sector, resulting from the interactions of diverse political pressures and the changing economics of energy sources. In light of the contentious debate regarding the place of nuclear in climate mitigation strategies, further empirical research is necessary into the political economic forces affecting existing nuclear assets’ prospects across contexts.…”

Section: Justice and Devaluation In Energy Transitionsmentioning

confidence: 99%

Managing decline: Devaluation and just transition at Diablo Canyon nuclear power plant

Nelson

Ramana

2023

Environ Plan A

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This paper examines the shifting fortunes of the Diablo Canyon Nuclear Power Plant in California to better understand how asset owners are dealing with an increasingly-significant problem in changing energy landscapes: the devaluation of large fixed capital assets. In 2016, Pacific Gas and Electric Company announced a Joint Proposal to retire the Diablo Canyon plant by 2025, the result of a negotiated compromise with labor unions, environmental and community groups. Heralded by many commentators as a model for “just transitions” in the energy sector, this agreement has lately been called into question as new subsidies and political coalitions have emerged to support for the plant's continued operation. This paper investigates the political and economic conditions for the Joint Proposal as an example of “negotiated devaluation,” aiming to understand why and how this strategy took shape, and what lessons it offers for other transition processes. Linking literatures on just transitions and devaluation in the energy sector, we show how negotiated devaluation may offer an emerging strategy for owners of energy assets to manage decline in a changing energy landscape. The case also demonstrates the political contingency of these coalitions and the transitions they subtend, and the limited dimensions of justice that might be affirmed in them.

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Geographical political economy of nuclear power plant closures

Greco

Yamamoto

2019

Geoforum

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The Debate over Re-Licensing the Vermont Yankee Nuclear Power Plant

Cited by 3 publications

References 2 publications

Global and regional externalities of the Ukrainian energy sector

Global and regional externalities of the Ukrainian energy sector

Managing decline: Devaluation and just transition at Diablo Canyon nuclear power plant

Geographical political economy of nuclear power plant closures

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