The Prospects for New Nuclear Electric Generating Stations

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The Prospects for New Nuclear Electric Generating
Stations

• Charles Pardee
• Chief Nuclear Officer
• Exelon Corporation

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Exelon Corporation Overview

• Among Nations Largest Electric Utilities
• Headquartered in Chicago
• 15 Billion in Annual Revenues
• Businesses
• Energy Generation, Energy Delivery Power
  Marketing
• 5.2 Million Electric Customers in IL and PA
• 460,000 Gas Customers in Philadelphia
• Owns/Operates the Largest Nuclear Fleet in the
  U.S.
• 17,500 Employees

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Exelon Nuclear
Byron
Limerick
Quad Cities
Three Mile Island
Oyster Creek
Dresden
Peach Bottom
Braidwood
Salem (Co-owned)
LaSalle
Clinton
17 units at 10 sites in 3 states Approx. 18,000
MW capacity owned 3rd largest nuclear fleet
worldwide Two unit station under initial
development in Texas
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Electrical Generation Reserve Margins
5
Capacity Brought Online by Fuel Type 1965-2007
(Nameplate Capacity, MWe)
U.S. Generation Mix Additions
Addition of Traditional Baseload Capacity
Non-Existent
Source NEI Nuclear Policy Overview Nov/Dec 2007
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U.S. Electricity Production Costs 1995-2006, In
2006 cents per kilowatt-hour
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Monthly Fuel Cost to U.S. Electric Utilities
1995 2006, In 2006 cents per kilowatt-hour
Gas
Oil-Heavy
Coal
Uranium
Source Global Energy Decisions Updated 6/07
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Nuclear Energy Current State

• Existing Generation
• US
• 104 Reactors Generate 20 of Americas
  Electricity
• Equivalent of 20 Units Added since 1990 thru
  Capacity Improvements
• Half of Current Reactors have extended Operating
  Licenses
• Worldwide
• 440 Reactors Generate 16 of the Worlds
  Electricity
• Forward Looking
• US
• 45 New reactors required online by 2030 to
  maintain 20 share of electricity generation
• 32 New Units announced
• Anticipate License Extensions for Remaining
  Plants
• Worldwide
• 26 Units Currently under Construction

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Current Nuclear Performance

• Safety

Capacity Factor
Cost Performance
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Factors Driving Nuclear Debate

• Current Nuclear Performance
• Environmental Considerations
• Energy Security
• Public Sentiment About Nuclear
• Cost Uncertainties
• Spent Fuel Management

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Environmental Considerations

• Green House Gases/Others
• Infrastructure
• Land Use
• Heat Sink
• Water Consumption
• Transmission Access
• Discharges
• Thermal
• Gaseous
• Liquid
• Waste Disposal

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Energy Security

• Abundance of Uranium
• Closed Fuel Cycle
• Uranium Sources in Friendly Nations
• Stockpile Capabilities
• Swords into Plowshares

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Public Sentiment About Nuclear

• Emission-Free
• Economic Benefits
• Terrorism
• Proliferation
• Environmental Footprint
• Three Mile Island / Chernobyl Legacy

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Cost Uncertainties

• Regulatory Process
• Cost / Cost of Capital
• Component Availabilities
• Experience Base
• Skill Availability

Energy Policy Act of 2005
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Spent Fuel Management

• Yucca Mountain
• Onsite Temporary Storage
• Transportation Concerns

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Key Enablers

• Continued Safe Operation
• Predictable Cost Structures
• Stable Regulations
• Manufacturing and Educational Support
• Spent Fuel Managment Solutions
• Public Acceptance

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Questions?