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Exelon CEO calls for consensus on climate change (Obama's Nuclear Strategy)
Chicago Business ^ | February 12, 2003 | Paul Merrion

Posted on 02/12/2008 11:06:00 PM PST by red flanker

(Crain’s) — Calling for a political consensus on global warming, Exelon Corp. CEO John Rowe says fixing the problem will require the power industry to invest at least $400 billion in new generating facilities and win greater public acceptance of new power plants, including nuclear ones.

“The real ‘inconvenient truth’ of climate change is that addressing it won’t be cheap,” Mr. Rowe, referring to former Vice-president Al Gore’s film about global warming, said Tuesday in a speech billed as a “major policy address” at the Brookings Institution, a think tank in Washington, D.C.

He expressed support for legislation pending on Capitol Hill that would reduce greenhouse gas emissions by 2030 to about 30% below 2005 levels. But, at minimum, using market-based approaches and more nuclear power, electricity prices would rise three cents to five cents per kilowatt hour to meet that goal, predicts the CEO of Chicago-based Exelon, one of the nation’s largest electric utility holding companies.

By comparison, the national average retail price of electricity was about 10.3 cents per kilowatt hour in 2006, according to the latest Energy Department statistics.

Mr. Rowe is calling for a “cap-and-trade” system, as proposed in several bills pending in Congress, to limit greenhouse gases through the buying and selling of carbon emission permits. In addition, he says the government should mandate stricter energy-efficiency standards and spend more on clean energy research and loan guarantees for building new nuclear power plants, as Exelon has proposed for Texas.

“Efficiency is a pillar” of climate-change remedies, he said. “Another pillar is likely to be nuclear.”

(Excerpt) Read more at chicagobusiness.com ...


TOPICS: Business/Economy; Culture/Society; Government; Politics/Elections
KEYWORDS: exelon; nuclear; obama
If there is a positive side to the Obaminable man, it would be his pro-nuclear energy stance from his connection to Exelon (the largest nuclear energy generation company in the US).


1 posted on 02/12/2008 11:06:04 PM PST by red flanker
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To: red flanker

The only way for nuclear power to reassert itself is through the back door. If it takes this junk climate science to diversify our energy sources, so be it (China’s already pushing full speed ahead with new Freanch-designed plant projects.)


2 posted on 02/12/2008 11:12:28 PM PST by rfp1234 (Phodopus campbelli: household ruler since July 2007.)
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To: Defendingliberty; WL-law; Normandy; TenthAmendmentChampion; Beowulf

Beam me to Planet Gore !

The Best Global Warming Videos on the Internet

WeatherQuestions
Roy Spencer, the Official Climatologist of the EIB Network

3 posted on 02/12/2008 11:38:59 PM PST by steelyourfaith
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To: red flanker

Once we adopt these GW strategies the main effect will be the creation of government protected monopolies in power generation and many other industries. The goals of companies will be oriented far more toward satisfying bureacrats rather than customers than they are today.


4 posted on 02/13/2008 12:47:14 AM PST by arthurus
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To: red flanker

Once we adopt these GW strategies the main effect will be the creation of government protected monopolies in power generation and many other industries. The goals of companies will be oriented far more toward satisfying bureaucrats rather than customers than they are today.


5 posted on 02/13/2008 12:47:27 AM PST by arthurus
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To: red flanker

Obama has now backed off of his support for nuke power until, “storage and waste problems can be solved.” In other words, he caved to the far left.


6 posted on 02/13/2008 12:53:06 AM PST by NavVet ( If you don't defend Conservatism in the Primaries, you won't have it to defend in November)
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To: red flanker
STUPID, IGNORANT PEOPLE!

This whole fraud/hoax will be looked back on in 5 years and many will be stunned how so many seemingly intelligent people went completely brainless.

Of course there are the evil people who know that this is a fraud...

7 posted on 02/13/2008 2:35:13 AM PST by AmericaUnited
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To: AmericaUnited

The funny part will be we may be shivering in the dark as a new Maunder Minimum turns off the Sun, while our Greens turn off our power....


8 posted on 02/13/2008 2:42:17 AM PST by Kozak (Anti Shahada: There is no god named Allah, and Muhammed is a false prophet)
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To: arthurus

Amen. The utility companies are seeing the $$ signs and jumping on the bandwagon. While I’m all for expansion of nuclear energy, the carbon credit idea is pure crap that will be foisted on the consumer. I’m not sure what we can do about it, other than install a home solar collector at a huge expense.


9 posted on 02/13/2008 2:56:58 AM PST by SueRae
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To: AmericaUnited

in 5 years there will be new government regulations to compensate for the misdirection of the Global Warming measures.


10 posted on 02/13/2008 3:21:13 AM PST by arthurus
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To: red flanker

Exelon gives more to the Democrats than to the Republicans:

http://www.cjr.org/campaign_desk/obamas_energy_equivocations.php


11 posted on 03/23/2008 7:09:24 AM PDT by JavaJumpy
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