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At Platts Energy Podium, NRC Chairman Seeks Faster Licensing


WASHINGTON, Aug. 30 /PRNewswire/ -- The Nuclear Regulatory Commission should be able to review license applications for new nuclear plants faster than 42 months, which is the commission's current estimate for such evaluations, new NRC Chairman Dale Klein told Platts Energy Podium on Wednesday.

In his first news conference in Washington since joining the commission July 1, Klein said he believed the licensing process should not take almost as long to complete as plant construction. The nuclear industry estimates a new reactor could be built in 48 months.

"I believe we can accelerate the process after we go through the first few, with no compromise on safety," Klein said of the application process. NRC has received indications from 16 entities, representing a potential 27 new units, that they intend to apply to the commission for permission to build and operate new plants, Klein said.

Klein said that the NRC did not plan to review its 1990 "waste confidence determination," which could clear the way for new plants in the United States. The NRC is required to state its confidence that plans exist for safe disposal of nuclear waste before it can license new plants, or re-license existing plants.


Given existing storage at reactors and the potential for new interim storage facilities, Klein said he is comfortable that spent fuel can be handled adequately. He also said that the Department of Energy's plan to open a repository at Yucca Mountain in Nevada offers an "ultimate, permanent solution to spent fuel."

Klein said the NRC can license interim facilities for storage of spent fuel from new and existing reactors, but noted that a congressional proposal to open such sites in all states with nuclear power plants could stretch the commission's resources.

He said a proposal by Senator Pete Domenici, Republican-New Mexico, in the DOE's fiscal 2007 spending bill to open interim storage sites would create a "heavy workload" for the NRC. The bill was approved by the Senate Appropriations Committee, but not by the full chamber.

Klein also expressed concern about finding replacements for the thousands of employees expected to retire from NRC and the nuclear industry in the next few years, particularly new nuclear and power engineers. He said the commission plans to hire as many as 200 persons in 2006 and add 200 more staff positions over the next two years.

Sponsored by Platts, a division of The McGraw-Hill Companies, Platts Energy Podium provides an ongoing forum for prominent newsmakers and the press to address important energy and environmental issues. Members of the media and industry analysts may receive complementary registration for Energy Podium events by contacting Nancy Covey at 202-942-8719, Nancy_Covey@platts.com. A recording of the Klein session is available via podcast at http://platts.com/energypodium/index.xml/.

About Platts

Platts, a division of The McGraw-Hill Companies , is a leading global provider of energy information. With nearly a century of business experience, Platts serves thousands of customers across more than 150 countries. From 16 offices worldwide, Platts serves the oil, natural gas, electricity, nuclear power, coal, petrochemical and metals markets. Platts' real time news, pricing, analytical services, and conferences help markets operate with transparency and efficiency. Traders, risk managers, analysts, and industry leaders depend upon Platts to help them make better, faster, and more profitable decisions. Additional information is available at http://www.platts.com/.

About The McGraw-Hill Companies

Founded in 1888, The McGraw-Hill Companies is a leading global information services provider meeting worldwide needs in the financial services, education and business information markets through leading brands such as Standard & Poor's, McGraw-Hill Education, BusinessWeek and J.D. Power and Associates. The Corporation has more than 290 offices in 38 countries. Sales in 2005 were $6.0 billion. Additional information is available at http://www.mcgraw-hill.com/.
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