Massachusetts Institute of Technology

Lighting Up the World

Why electricity is good—and more is better.

A century of electrification shows clearly that more electricity—and cheaper electricity—enhances public health, raises living standards and also improves the environment. Conversely, higher prices harm businesses and families, with a disproportionate impact on low-income households. Public welfare goals are best served by public policies that make electricity more accessible and affordable to the masses—not less.

Cap and Innovate

An alternative approach to climate regulation.

Low carbon prices might not produce sufficient incentives for firms to innovate and reduce emissions in the long run. But relatively high carbon prices can be politically unacceptable and invite consumer backlash. Where’s the right balance? A PUC chairman offers an alternative approach to managing GHG emissions.

Is Yucca Enough?

Scenarios depict possible nuclear waste futures.

Nuclear-waste management is a multi-billion dollar problem, and the future of nuclear power will depend on its resolution. Four scenarios depict possible outcomes and impacts on the electric power industry.

Nuclear Fuel Future

Nuclear power cost projections should incorporate fuel cost uncertainties.

Nuclear fuel cost projections typically consist of current reported costs that are escalated at the rate of inflation. These projections usually consist of a single estimate in each year. In the past, when nuclear fuel costs were low and declining, this approach was acceptable and may have even been conservative. But this approach is likely to understate projected nuclear fuel cost when nuclear fuel costs are increasing.

Nuclear vs. IGCC

Next-gen technologies race to dominate the big build.

New nuke plants will take at least eight years to complete, while the coal that powers new IGCC plants is no longer cheap. Regulatory and market obstacles confront both technologies, just as they emerge from the starting gate. Which type of plant will win the future?

AMI/Demand Response: For Real This Time?

Smart metering is coming of age. Is the utility world ready for it?

Some states, including Illinois, Oregon, Pennsylvania, and Texas, have been considering smart-metering questions as part of rate cases and resource-planning discussions. Other states, such as Kentucky, Louisiana, Ohio, and Virginia, have initiated EPACT Section 1252 inquiries separately from other proceedings. The tenor of the discussion also varies from state to state, with high-cost power states generally more attracted to AMI than low-cost states are.

People

Aquila Inc. announced that Norma F. Dunn has been named senior vice president, corporate communications. Prior to joining Aquila, Dunn worked 17 years in a variety of roles of increasing responsibility for El Paso Corp. And others...

New Nuclear Construction: Still on Hold

A number of factors point to expanded nuclear generation. But when?

A number of factors point to expanded nuclear generation. But when?

The role that nuclear power will play in the U.S. electricity generation mix during the coming decades has been a subject of continuing speculation. Few analysts deny the remarkably improved prospects for the existing fleet of reactors: Efficiencies realized by industry consolidation, reactor uprates, and plant license renewals have, in a period of about five years, greatly increased the market value of nuclear plants and the competitive advantage of companies that own them.