For TVA, Nuclear Is a Cash Cow - Carl Shockley - Planet Gore on National Review Online

One of the biggest raps against nuclear power is that it can’t make money and requires huge subsidies from the federal government.

Tell that to the Tennessee Valley Authority (TVA). Exactly two years ago, the country’s largest public utility restarted Brown’s Ferry Unit 1 — a 1,100-megawatt reactor originally damaged in a 1976 fire that is generally regarded as the nation’s second worst nuclear accident. TVA spent $1.8 billion on the renovation and expected to pay off the construction debt in ten years.

Now it is finding the reactor may pay for itself in three years. Like most other reactors in the country, Brown’s Ferry is now making close to $2 million a day. “Once you get these things up and running, the operating expenses are minimal,” says David Blee, executive director of the U.S. Nuclear Infrastructure Council. “Once you pay off the construction debt, you’re sitting on a cash machine that may keep ringing up profits for another 60 years.”

Too much carbon isn’t enough | Herald Sun Andrew Bolt Blog

The Rudd Government is demanding oil companies give us even more of the carbon stuff it also claims is killing the planet:

RESOURCE companies sitting on oil and gas reserves worth billions of dollars will be pressed to develop those deposits sooner or hand them to someone else under a “use it or lose it” policy being formulated by the Rudd Government.

Climate pact in jeopardy as China refuses to cut carbon emissions - Times Online

China will not make a binding commitment to reduce carbon emissions, putting in jeopardy the prospects for a global pact on climate change.

Officials from Beijing told a UN conference in Bonn yesterday that China would increase its emissions to develop its economy rather than sign up to mandatory cuts.

The refusal is a setback for President Obama’s efforts to drum up support for an agreement at Copenhagen in December on a successor treaty to the Kyoto Protocol. As argument erupted between rich and poor nations at the Bonn talks, Yvo de Boer, the UN climate change chief, said that a worldwide pact to prevent global warming was “physically impossible”.