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To: Jacob Snyder who wrote (8708)7/29/2010 3:47:30 PM
From: Eric1 Recommendation  Respond to of 16955
 
Renewable Energy Would Create More Jobs Than Nuclear Power

The Union of Concerned Scientists weighs in on the nuclear vs. renewables debate.

If Christine Todd Whitman were really serious about promoting jobs in the energy industry, she would be talking about wind and other renewable energy resources, not nuclear power. Her July 9 op-ed, co-written with Florida State Rep. Juan C. Zapata, overstated the benefits of nuclear power and mentioned none of its drawbacks.

Whitman claims that constructing new nuclear plants has the potential to create "as many as 70,000 jobs," but how long would that take? According to Whitman's own figures, building one new reactor would produce as many as 2,400 construction jobs, and, once built, would employ 800 workers. To generate those 70,000 jobs -- 75 percent of them temporary -- the industry would have to build 22 new reactors. Given the lack of a trained labor force, constraints on the availability of key manufacturing components, and Wall Street's reluctance to finance them, building 22 reactors would take at least two decades to accomplish even under the rosiest scenario.

In any case, her projection of 70,000 jobs pales in comparison with renewables. If the federal government established a standard requiring utilities to obtain 25 percent of their electricity from renewable sources by 2025, it would create 297,000 new jobs, according to a 2009 analysis by my organization, the Union of Concerned Scientists. Echoing our analysis, a February 2010 study by Navigant Consulting found that a 25 percent by 2025 standard would create 274,000 jobs.

Energy efficiency programs also would produce more jobs. A 2009 study by the American Council for an Energy-Efficient Economy found that a national standard requiring utilities to institute programs reducing electricity demand by 15 percent and natural gas demand by 10 percent would generate more than 220,000 jobs by 2020.

Texas is blessed by a wealth of renewable sources. In fact, it has the technical potential to generate more than 17 times the electricity it used in 2008 from renewable energy, primarily from wind, bioenergy and solar. And it is beginning to take advantage of that bounty.

Texas is a national leader in wind energy, generating more than 9,500 megawatts (MW) of installed capacity, thanks in part to the state's renewable electricity standard. That standard requires utilities to increase their reliance on renewable resources to produce at least 5,800 MW (about 5.5 percent) of the state's power needs by 2015. On March 5, the Electric Reliability Council of Texas reported a record high for instantaneous wind output of 6,272 MW. That met 19 percent of the total state customer demand, showing that Texas is on track to exceed the standard.

Likewise, Texas has been a leader on efficiency. It was the first state to adopt an energy efficiency resource standard, which required utilities to use efficiency to cut 10 percent of annual growth in power demand. This year the standard jumped to 30 percent of customer demand growth. Increased energy efficiency will translate into lower electricity bills.

Texas's leadership on renewables and efficiency has meant more jobs. In 2007, Texas ranked second to California in numbers of businesses (4,802) and jobs (55,646) tied to the clean energy sector, according to 2009 report by the Pew Charitable Trusts.

Can new reactor construction compete? According to a recent report by the Nuclear Information and Resource Service, even if new construction created 2,400 temporary jobs per site, a significant number of those jobs could go to workers overseas. All applicants seeking permits to build new reactors or building them now - including the South Texas Project -- plan to use or are using foreign manufacturers and labor to build major reactor parts.

Whitman also sidestepped the issue of construction costs -- which have quadrupled over the past decade -- and the fact that the industry has such a miserable financial track record that Wall Street will not invest in new reactors without massive federal loan guarantees and other subsidies.

The South Texas Project she touts, which is building two new reactors, provides a sobering example. CPS Energy, San Antonio's public utility, first planned to hold a 40 percent ownership stake, tried to reduce it to 20 percent, and then, when the cost estimate jumped from $9 billion to $13 billion, tried to pull out completely. CPS fired its top executive, filed a $32 billion lawsuit against the plant owner, and ultimately wound up with less than an 8 percent stake. The plant owner is still seeking investors, as well as a loan guarantee from the Department of Energy, which would put U.S. taxpayers on the hook if the project falls apart. South Texas, whose reactor vendor is Japanese manufacturer Toshiba, is reportedly third in line for a loan guarantee.

So why is Whitman pushing nuclear power? Because the group she co-chairs, the benignly sounding Clean and Safe Energy Coalition, is a front for the nuclear industry. The industry trade organization, the Nuclear Energy Institute (NEI), created the coalition - which is little more than a website with a list of supporters -- and is its sole funder. Whitman, who has been shilling for NEI for four years, has a right to earn a living, but your readers have the right to know she is a paid industry mouthpiece -- a fact that she routinely fails to disclose -- and that she is not giving them the whole story.

greentechmedia.com



To: Jacob Snyder who wrote (8708)7/29/2010 4:10:11 PM
From: Eric  Read Replies (1) | Respond to of 16955
 
First Solar, Inc. Announces Second Quarter 2010 Financial Results

Net Sales $588 million
PV module cost $0.76/watt
EPS $1.84 per fully diluted share
Increased 2010 EPS guidance to $7.00-$7.40 per diluted share


--PV module cost $0.76/watt

--EPS $1.84 per fully diluted share

--Increased 2010 EPS guidance to $7.00-$7.40 per diluted share

First Solar, Inc. (Nasdaq: FSLR) today announced its financial results for the second quarter ended June 26, 2010. Quarterly net sales were $587.9 million, up 12% from $525.9 million in the second quarter of 2009, due to increased production volumes and systems revenue, partially offset by a decline in pricing and lower euro exchange rates. Second quarter 2010 net sales increased $19.9 million from the first quarter of 2010, primarily due to increased turnkey system sales.

Second quarter net income per fully diluted share was $1.84, down from $2.11 in the second quarter of 2009 and down from $2.00 in the first quarter of 2010. Year over year, the declines were primarily driven by lower module average selling prices, and higher operating expenses that were partially offset by increased module production and lower module cost per watt. Quarter over quarter, the declines were primarily driven by higher operating expenses.

PV module manufacturing cost was reduced to $0.76/watt, down $0.05 from the prior quarter and 13% year over year. Annual throughput per line was up 6% quarter over quarter to 59.0 MW. This increases announced or operating capacity from 2.1 to 2.2 GW by 2012.

For 2010, First Solar forecasts net sales of $2.5 to $2.6 billion, reflecting reallocation of module capacity from our systems business to meet stronger module demand by our European customers. Earnings per fully diluted share are increased to a projected range of $7.00 to $7.40 which includes a $0.20-$0.23 reduction for a foreign exchange assumption change from $1.30/euro to $1.20/euro and $0.09-$0.10 per share dilution for the completed acquisition of NextLight Renewable Power, LLC. Total capital spending is projected to be $575 to $625 million. The company expects to generate $575 to $625 million of operating cash flow. First Solar has posted its Second Quarter Earnings Call Presentation, which includes guidance for fiscal 2010 and additional details regarding the key assumptions relating to this guidance, in the Investor section of its website at www.firstsolar.com.

First Solar will discuss these results and outlook for fiscal 2010 in a conference call scheduled for today at 4:30 p.m. ET. Investors may access a live audio webcast of this conference call and the earnings call presentation in the investors section of the Company's website at www.firstsolar.com.

Edit:

To hear the CC at 4:30 Eastern, 1:30 PM Pacific here is the link:

investor.firstsolar.com

Eric




To: Jacob Snyder who wrote (8708)8/10/2010 1:09:57 PM
From: Jacob Snyder  Read Replies (1) | Respond to of 16955
 
OT: America Is at Risk of Boiling Over
WSJ editorial by Peggy Noonan, August 7, 2010

It is, obviously, self-referential to quote yourself, but I do it to make a point. I wrote the following on New Year's day, 1994. America 16 years ago was a relatively content nation, though full of political sparks: 10 months later the Republicans would take the House for the first time in 40 years. But beneath all the action was, I thought, a coming unease. Something inside was telling us we were living through "not the placid dawn of a peaceful age but the illusory calm before stern storms."

The temperature in the world was very high. "At home certain trends—crime, cultural tension, some cultural Balkanization—will, we fear, continue; some will worsen. In my darker moments I have a bad hunch. The fraying of the bonds that keep us together, the strangeness and anomie of our popular culture, the increase in walled communities . . . the rising radicalism of the politically correct . . . the increased demand of all levels of government for the money of the people, the spotty success with which we are communicating to the young America's reason for being and founding beliefs, the growth of cities where English is becoming the second language . . . these things may well come together at some point in our lifetimes and produce something painful indeed. I can imagine, for instance, in the year 2020 or so, a movement in some states to break away from the union. Which would bring about, of course, a drama of Lincolnian darkness. . . . You will know that things have reached a bad pass when Newsweek and Time, if they still exist 15 years from now, do cover stories on a surprising, and disturbing trend: aging baby boomers leaving America, taking what savings they have to live the rest of their lives in places like Africa and Ireland."
Related Video

I thought of this again the other day when Drudge headlined increasing lines in London for Americans trading in their passports over tax issues, and the sale of Newsweek for $1.

Our problems as a nation have been growing on us for a long time. Their future growth, and the implications of that growth, could be predicted. But there is one thing that is both new since 1994 and huge. It took hold and settled in after the crash of 2008, but its causes were not limited to the crash.

The biggest political change in my lifetime is that Americans no longer assume that their children will have it better than they did. This is a huge break with the past, with assumptions and traditions that shaped us.
More Peggy Noonan

The country I was born into was a country that had existed steadily, for almost two centuries, as a nation in which everyone thought—wherever they were from, whatever their circumstances—that their children would have better lives than they did. That was what kept people pulling their boots on in the morning after the first weary pause: My kids will have it better. They'll be richer or more educated, they'll have a better job or a better house, they'll take a step up in terms of rank, class or status. America always claimed to be, and meant to be, a nation that made little of class. But America is human. "The richest family in town," they said, admiringly. Read Booth Tarkington on turn-of-the-last-century Indiana. It's all about trying to rise.

Parents now fear something has stopped. They think they lived through the great abundance, a time of historic growth in wealth and material enjoyment. They got it, and they enjoyed it, and their kids did, too: a lot of toys in that age, a lot of Xboxes and iPhones. (Who is the most self-punishing person in America right now? The person who didn't do well during the abundance.) But they look around, follow the political stories and debates, and deep down they think their children will live in a more limited country, that jobs won't be made at a great enough pace, that taxes—too many people in the cart, not enough pulling it—will dishearten them, that the effects of 30 years of a low, sad culture will leave the whole country messed up. And then there is the world: nuts with nukes, etc.

Optimists think that if we manage to turn a few things around, their kids may have it . . . almost as good. The country they inherit may be . . . almost as good. And it's kind of a shock to think like this; pessimism isn't in our DNA. But it isn't pessimism, really, it's a kind of tough knowingness, combined, in most cases, with a daily, personal commitment to keep plugging.

But do our political leaders have any sense of what people are feeling deep down? They don't act as if they do. I think their detachment from how normal people think is more dangerous and disturbing than it has been in the past. I started noticing in the 1980s the growing gulf between the country's thought leaders, as they're called—the political and media class, the universities—and those living what for lack of a better word we'll call normal lives on the ground in America. The two groups were agitated by different things, concerned about different things, had different focuses, different world views.

But I've never seen the gap wider than it is now. I think it is a chasm. In Washington they don't seem to be looking around and thinking, Hmmm, this nation is in trouble, it needs help. They're thinking something else. I'm not sure they understand the American Dream itself needs a boost, needs encouragement and protection. They don't seem to know or have a sense of the mood of the country.

And so they make their moves, manipulate this issue and that, and keep things at a high boil. And this at a time when people are already in about as much hot water as they can take.

To take just one example from the past 10 days, the federal government continues its standoff with the state of Arizona over how to handle illegal immigration. The point of view of our thought leaders is, in general, that borders that are essentially open are good, or not so bad. The point of view of those on the ground who are anxious about our nation's future, however, is different, more like: "We live in a welfare state and we've just expanded health care. Unemployment's up. Could we sort of calm down, stop illegal immigration, and absorb what we've got?" No is, in essence, the answer.

An irony here is that if we stopped the illegal flow and removed the sense of emergency it generates, comprehensive reform would, in time, follow. Because we're not going to send the estimated 10 million to 15 million illegals already here back. We're not going to put sobbing children on a million buses. That would not be in our nature. (Do our leaders even know what's in our nature?) As years passed, those here would be absorbed, and everyone in the country would come to see the benefit of integrating them fully into the tax system. So it's ironic that our leaders don't do what in the end would get them what they say they want, which is comprehensive reform.

When the adults of a great nation feel long-term pessimism, it only makes matters worse when those in authority take actions that reveal their detachment from the concerns—even from the essential nature—of their fellow citizens. And it makes those citizens feel powerless.

Inner pessimism and powerlessness: That is a dangerous combination.

online.wsj.com