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Enterprise Products Partners L.P. Message Board

lewis_whokeyser 50 posts  |  Last Activity: Jul 20, 2014 2:48 PM Member since: Oct 6, 1999
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  • lewis_whokeyser by lewis_whokeyser May 12, 2014 7:08 AM Flag

    China is the major growth driver for new nuclear construction.
    Chinese President Xi Jinping said the nation needs to adapt to a "new normal" in the pace of economic growth and remain "cool-minded" amid a slowdown that analysts forecast will lead to the weakest expansion since 1990.

    China's growth fundamentals haven't changed and the country is still in a "significant period of strategic opportunity," Xi said, according to a Xinhua News Agency report on the central government website on May 10. At the same time, the government must prevent risks and take "timely countermeasures to reduce potential negative effects," he said.

    Policy makers are trying to keep economic expansion from slipping below Premier Li Keqiang's 2014 target of about 7.5 percent while reining in a credit boom that a central bank official said threatens to undermine the financial system. The government has so far limited its support to tax breaks, and speeding up infrastructure and social housing investment, with Li saying last week the focus remains on the quality of growth and on changing the structure of the economy

  • lewis_whokeyser by lewis_whokeyser May 8, 2014 6:32 AM Flag

    From Engadget:
    Many green energy sources only generate power in a narrow range of conditions. Solar panels won't work when it's dark, for instance, and wind turbines are useless when everything is still. If Solar Wind Energy Tower has its way, though, we'll soon get clean electricity around the clock. It recently received permission to build a tower in San Luis, Arizona that produces power through hot air downdrafts; water injected at the top of the tower cools the desert winds, dragging them toward turbines at the bottom. Since it's almost always hot in the area, the plant should run all day and night for much of the year. An ideal summer day could have it churning out a healthy 1,250 megawatts per hour.

    The downdraft tower should be ready for action in 2018, and Solar Wind Energy Tower hopes to license the technology to others. As you might imagine, the need for a hot climate is going to narrow the customer list -- you won't see this system in more temperate regions. However, it could be a boon to both the southern US as well as Africa, the Middle East and other places where heat is far more abundant than eco-friendly energy.

    ( I question the units "megawatts per hour" that they cite. If used correctly, it would measure ramp-up rate rather than output. Hopefully, it's just a typo)

  • Old news?

    Law360 Blog
    Nuclear fuel provider USEC Inc. paid more than $30 million in bonuses and other compensation to high-ranking executives and bankruptcy advisers before filing for Chapter 11 protection earlier this year, according to documents filed Friday in Delaware federal court.
    The expenditures were revealed in financial statements provided to the court, where the Maryland-based company is attempting to reorganize itself and shed some of its estimated $1.07 billion in debt.

    According to the statements, the company devoted $15 million to its executives in the year prior to its bankruptcy filing in March, mostly in the form of bonuses. The largest allotment was to President and CEO John K. Welch, who took home approximately $3.7 million.

    The filings also show that it spent around $16 million on lawyers and other advisers who served in consulting roles as the company explored its bankruptcy options and prepared its filing.

    USEC spokeman Paul Jacobson said the bonuses were handed out mostly due to a temporary change in the company's pay structure to focus on rewards for completing short-term goals, which was necessitated by a "series of critical short-term challenges" that threatened its long-term future.

    "As part of this temporary change, executives gave up significant amounts of long-term compensation. The payments are within the industry norms for a company with more than $3 billion in revenue during the past two years," he said.

    Jacobson added that many of the payments were actually made in 2012 but disbursed in 2013, and that about $5 million of the bankruptcy expenses was for attorneys and advisors for the company's creditors.

    In its Chapter 11 petition, USEC claimed $70 million in assets against the more than $1 billion in liabilities as of Dec. 31.

  • lewis_whokeyser lewis_whokeyser May 6, 2014 10:07 AM Flag

    President Barack Obama will take the case for acting on climate change to Al Roker and other TV weather personalities, hoping they can help convince the public that the risks of floods and droughts is a reason to curb greenhouse gases.

    It’s no easy sell.

    While a government advisory panel is set to release a report today linking the build-up of carbon dioxide in the atmosphere to dangerous flooding, storm surges and water shortages, the American public is skeptical that humans are causing climate change and ranks the issue low on its list of priorities.

    “We find no evidence that it’s a high priority for Americans,” Frank Newport, editor in chief of the Gallup Poll, said in an interview. “They are much more concerned about more proximate issues such as jobs and the economy.”

    Even among environmental issues, global warming rates as a lower priority than polluted drinking water or toxic waste, he said. It doesn’t show up at all among the issues citizens say are the most important facing the nation.

    The authors of today’s National Climate Assessment are trying to provide reasons that climate change should be a bigger concern. The panel already approved and released a draft report last January that said many regions face “potentially irreversible impacts” as warmer temperatures lead to flooding, storm surges or water shortages.

  • OBAMA ADMINISTRATION ISSUES a massive new report linking climate change to extreme weather across the country and warning of 'climate disruption,' fueling its controversial push for more energy regulations.

    The National Climate Assessment, four years in the making, gave a region-by-region breakdown of how climate change is impacting the United States -- in the form of droughts, heat waves and increasingly intense hurricanes, according to the report.

    "Climate change, once considered an issue for a distant future, has moved firmly into the present," the 840-page report says. "Corn producers in Iowa, oyster growers in Washington state and maple syrup producers in Vermont are all observing climate-related changes that are outside of recent experience."

    The report predicts that the weather-related repercussions of climate change "are expected to become increasingly disruptive across the nation throughout this century and beyond."

    Of course, they are now blaming ALL inclement weather on Global Warming / Climate Change / Carbon Pollution. The country is so screwed.

  • One of the nation's leading bird conservation groups plans to sue the Obama administration over a federal regulation that allows wind energy companies to obtain 30-year permits to kill eagles without prosecution by the government.

    The American Bird Conservancy on Wednesday announced its intent to file the lawsuit, arguing the Department of the Interior violated federal laws when it promulgated the regulation it says sanctions the killing of bald and golden eagles.

    "The rule lacks a firm foundation in scientific justification and was generated without the benefit of a full assessment of its impacts on eagle populations,” said Michael Hutchins, National Coordinator of ABC's Bird Smart Wind Energy Campaign.

    The Obama administration announced in December it would allow companies to seek authorization to kill and harm bald and golden eagles for up to 30 years without penalty in a bid to balance the environmental trade-offs of green energy.

    Divide and conquer the eco-fascists? Ethanol mandates are causing them to cut down the Amazon Rain Forests. There are lots of contradictions among the pseudo-environmentalists beliefs and desires

    The Interior Department rule provides legal protection for the lifespan of wind farms and other projects if companies obtain permits and make efforts to avoid killing protected birds.

  • US Senators Edward J. Markey and Elizabeth Warren are calling for increased safety measures at two area nuclear power plants after a Nuclear Regulatory Commission report found potential vulnerabilities to earthquakes.

    In a letter to NRC chairwoman Allison Macfarlane on Friday, Markey and Warren asked the commission to require that Pilgrim Power Station in Plymouth and Seabrook Station in Seabrook, N.H., “implement mitigation measures against seismic risks that were previously unknown.”
    Following the 2011 meltdown at Japan’s Fukushima Dai-ichi Nuclear Power Plant, which was sparked by an earthquake and tsunami, the NRC established a task force to evaluate possible vulnerabilities at US nuclear facilities and the need for enhanced regulatory oversight, according to the NRC report released Thursday.
    Markey and Warren were “alarmed” by the newly evaluated seismic risks at the two area facilities, which are greater than they were originally licensed to withstand, the senators said in the letter.

    NextEra Energy Seabrook Station, which runs the New Hampshire plant, said on Friday night that it will be conducting an evaluation.

    “The further evaluation of Seabrook does NOT mean that safety systems, structures or components are inadequately protected against a seismic event,” said Sarah Cloutman Gebo, a spokeswoman for the company, in a statement. “Seabrook is designed and built to withstand much stronger earthquakes than ever recorded in its region, and the plant is designed to safely shut down within seconds in the unlikely event of a strong earthquake.

    “This initial screening used highly conservative assumptions about highly unlikely events, comparing the existing seismic design of Seabrook to revised seismic standards. At this point we do not anticipate that any major modifications or enhancements to the plant will be needed.”

    Note: Sen Marky is a rabid anti-nuke. Thank goodness he announced he's retiring!

  • As China turns capitalist, the US embraces big-government socialism. What happened?

    Financial Tiimes- The US is on the brink of losing its status as the world’s largest economy, and is likely to slip behind China this year, sooner than widely anticipated, according to the world’s leading statistical agencies.
    The US has been the global leader since overtaking the UK in 1872. Most economists previously thought China would pull ahead in 2019.

    The figures, compiled by the International Comparison Program hosted by the World Bank, are the most authoritative estimates of what money can buy in different countries and are used by most public and private sector organisations, such as the International Monetary Fund. This is the first time they have been updated since 2005.
    After extensive research on the prices of goods and services, the ICP concluded that money goes further in poorer countries than it previously thought, prompting it to increase the relative size of emerging market economies.

    The estimates of the real cost of living, known as purchasing power parity or PPPs, are recognised as the best way to compare the size of economies rather than using volatile exchange rates, which rarely reflect the true cost of goods and services: on this measure the IMF put US GDP in 2012 at $16.2tn, and China’s at $8.2tn.

    With the IMF expecting China’s economy to have grown 24 per cent between 2011 and 2014 while the US is expected to expand only 7.6 per cent, China is likely to overtake the US this year.

  • A Westinghouse executive has said the Pennsylvania-based company is in negotiations to build an additional eight AP1000 reactors in China for an estimated $24 billion.

    Timothy Collier told Reuters the plants will be located at Sanmen, Haiyang and two other locations. The first contract could be signed as early as next year. Westinghouse, which is majority-owned by Toshiba, is in an earlier stage of negotiations with Chinese power companies for four additional units at Xudapu and Lufeng.

    Even following a temporary slowdown to revamp safety regulations following the Fukushima Daiichi accidents in Japan, China has the most robust nuclear construction program in the world. State-controlled China Daily reported Monday that the country will approve construction of 8.6 gigawatts of new nuclear generation this year, following the approval of 2.1 gigawatts last year. According to the World Nuclear Association, 28 units are currently under construction. In addition to Westinghouse's Generation III pressurized water reactor, Chinese companies are also adding units with indigenous designs and designs from Areva and Rosatom.

  • lewis_whokeyser by lewis_whokeyser Apr 23, 2014 11:17 AM Flag

    At a recent symposium on small modular reactors, a team of researchers presented a design that effectively combines a nuclear plant with elements from an offshore oil platform.

    The result is a facility five to seven miles offshore – where earthquakes and tsunamis would not pose a threat – that can draw from an infinite heat sink in emergencies. This video provides a rundown of the plant's basic design, as envisioned by experts from the Massachusetts Institute of Technology, the University of Wisconsin and Chicago Bridge and Iron.

    The concept of operating a power reactor from a floating platform is not new. What sets this nuclear plant apart is its use of existing technology from oil and gas equipment tethered to the seafloor. It would be connected to the grid via an underwater transmission line.

    It has an infinite heat sink for decay heat removal and is tsunami proof.

    Cool video, but I can't post a link.

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