Tennessee Valley Authority · NYSE:TVC
Tennessee Valley Authority — Corporate Update (November 2007)
13 slides from Tennessee Valley Authority's corporate update, November 2007
Slide 1: TVA Nuclear Future
TVA Nuclear Future Ashok Bhatnagar November 2007 1
Slide 2: TVA History
TVA History • TVA Act – Part of FDR’s “New Deal” • Regional recovery from Great Depression • Focused on river and natural resources • Dams tamed river and produced power • War needs – more dams • Post war boom economy – fossil power • Atomic energy tamed for power generation 2
Slide 3: TVA – Moving Nuclear Forward
TVA – Moving Nuclear Forward • With the addition of Browns Ferry 1, TVA now has six operating reactors at three sites – 6,670 MWe net capacity • Watts Bar Unit 2 will add another 1180 MWe. Browns Ferry – TVA Board approved and construction has started • Bellefonte Combined Licensing Application – Su
Slide 4: Nuclear for the Future Because…
Nuclear for the Future Because… The Value of New Nuclear Reliable Energy Supply Clean Air Forward Value Price Stability Competitive Electricity Less Dependence Zero Air on Oil Emissions and Gas 60% of Protection against High Reliability Total Cost Lowers Average CO2 Fixed Cost of Power risk 4
Slide 5: Public Support for Nuclear
Public Support for Nuclear Public Opinion in Plant Communities Definitely Accept Important Favor use Prepare to build new for our of nuclear Build New nuclear reactors energy energy Nuclear plants in at nearest future Plants future plant 91% 82% 85% 77% 80% Source: Bisconti Research Inc. July-August
Slide 6: TVA's Next Nuclear Option for Adding Base Load Generation
TVA’s Next Nuclear Option for Adding Base Load Generation Bellefonte Option Identified Power Planning Bellefonte Site Need (Alabama) 2016-19 6
Slide 7: Industry Approach: Incrementally Increasing Certainty
Industry Approach: Incrementally Increasing Certainty Manage the risk in a planned deliberate manner Technology Certainty NRC Regulatory Certainty Project Development Certainty Financial Certainty Time Today’s Risk Future Risk 7
Slide 8: NuStart Bellefonte Schedule
NuStart Bellefonte Schedule • Current Status – In October 2007, TVA submitted the license application for Bellefonte COL COL COLs Issued Preparation Application By NRC Starts Submitted NuStart Complete Jan 2006 Oct 2007 Jan-Mar 2011 (est.) License Application NRC COL Review (36-42 mo.) Construction
Slide 9: License Application Projects
License Application Projects DTE Energy PP&L Fermi Susquehanna Constellation Calvert Cliffs AmerenUE TBD Dominion North Anna Progress Harris TVA Amarillo Bellefonte Duke W. Lee SCE&G Entergy V.C. Summer Grand Gulf TXU Comanche Peak Southern Vogtle Entergy Progress River Bend Levy County NRG South Te
Slide 10: Major Hurdles for New Plant Construction
Major Hurdles for New Plant Construction As we start construction, we’ll need: • manufacturers to make equipment and other products • a work force with the necessary skills and training – crafts – electricians, pipe fitters, welders – technical – engineers, quality inspectors – managerial – planners
Slide 11: SE Construction Labor Challenges
SE Construction Labor Challenges Craft Labor Demand - Southeast Energy Industry 170,000 160,000 150,000 Total SE Industrial 140,000 Craft Labor 130,000 Demand 120,000 Peak 110,000 100,000 90,000 Estimated 80,000 Total Craft 70,000 Labor 60,000 Supply 50,000 40,000 30,000 20,000 10,000 0 2007 2008 20
Slide 12: Summary Messages
Summary Messages • TVA is proceeding to develop additional nuclear options in a conservative and planned manner. – Watts Bar 2 – NuStart project at Bellefonte. • TVA is playing a key role ensuring that nuclear power is an important part of America’s and the Valley’s energy mix, now and in the future
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