Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Ride the Tiger with CD -- Ignore unavailable to you. Want to Upgrade?

To: hank2010 who wrote (124762)	7/22/2008 5:30:30 PM
From: E. Charters	Read Replies (1) \| Respond to of 313942

Funny about that. In Ontario, the Liberal government, (the equivalent of the US democrats only more corrupt), has decided that "cole is dirty" and have decided to phases out all cole fired plants in Ontario by 201x I believe 2018. energy.gov.on.ca energy.probeinternational.org They don't really have a replacement for the coal they are phasing out. Neither water nor wind, nor gas, nor nuclear. They are making some of the closures gas conversions but not all. 7578 megawatts lost in all by 2009. They don't say where they are going to get the gas, which has been in shortage for delivery to customers in the past at peak energy demand times. They want to refurbish two old nukes at Bruce as well. They aren't telling people what that will cost but guesses are it will cost more than replacing all the lost energy from cole closures put together. Ontario gets close to 80% of its power from nukes now, and they are notoriously unreliable with cost overruns for maintenance and construction approaching 1000%. It is the most expensive form of energy of modes, and is heavily subsidized by tax money. Each electrical bill has a debt retirement charge for the $40 billion in stranded i.e. no paid debt, carried on the books of Ontario Hydro. If you wanted to pay it down in 7 years That would be $5.7 billion per year, or in KW hours @ 8 cents, or 71 billion KW hours. If you figure 3 million households that is 24,000 KW hrs per year, or 2000 per month, costing $160 dollars extra for electricity per month. So the real cost of nukes could be 25 cents a KW hr if we paid them down in reasonable time. Even a 20 year pay down, which we are not on now at ($215 million per year paid out) when you factor interest, makes the cost about 12.5 cents a KWH not including interest. Interest would increase that to 15 cents per KWH. (assuming a base cost of 8 cents) The supposed increase in KW hours to pay down sans interest would add 45% to Ontario's present energy costs if nuclear costs were factored into the power bill on a seven year pay down. The government says cole fired generation is more expensive than other sources. That is hard to imagine as it has been calculated that it is in fact with capex and operating cost the cheapest form of electrical generation, coming in at around 3.5 cents per KW on average.