InvestorsHub Logo

Jagman

02/04/05 6:46 AM

#7061 RE: Waitedg #7059

Small Alaska village eyeing nuclear power
04 Feb 2005 05:10:37 GMT

Source: Reuters

ANCHORAGE, Alaska, Feb 3 (Reuters) - Fed up with the hassles of importing expensive diesel fuel, residents of one interior Alaska village are trying to install a miniature nuclear reactor that advocates say could be a model for clean energy production in remote sites.

Officials in Galena, an Athabascan Indian village on the Yukon River, are pursuing an offer from Toshiba Corp. <6502.T> to install an experimental reactor that would heat and light the town.

The 700 residents of the village, 275 miles (440 km) west of Fairbanks, say they have to cope with electricity bills that are three times the national average.

The reactor would be free and require no attendance, Toshiba says. Galena would pay for only the operating costs, according to news reports.

Galena officials met with the Nuclear Regulatory Commission in Washington, D.C., on Wednesday. If the commission approves the plan, the reactor would be the first new one permitted in the United States since the early 1980s, according to an Alaska Public Radio Network report on Thursday.

Energy to power electricity is important to Galena. Winter temperatures can dip below minus 60 degrees Fahrenheit (minus 51 Celsius). Daylight is scarce because of the short days during the winter.

Galena is powered by generators burning diesel that is barged in during the Yukon River's ice-free months. That is costly and carries its own environmental risks because diesel can spill.

Tribal officials from around the region and environmentalists say they are suspicious of the nuclear proposal.

"Why is Toshiba doing this, giving it away for free, trying to foist this experimental technology on rural Alaska when they can't even license this in Japan?" said Pam Miller, program manager for Alaska Community Action on Toxics, an Anchorage-based environmental group.

Jagman

02/04/05 7:54 AM

#7063 RE: Waitedg #7059

Waitedg: I think you get a little emotional about posters. Maybe you invest too much based on your emotions rather than cold, hard facts? Until the company releases some meat-news, the only discussion points are past history and fundamentals.
I think some get upset because they are aware of the negative facts and just don't want to be reminded. I usually just respond to the "spin" that doesn't make sense (to me) hoping for discussion. I'm just interested in the energy sector and what may be down the road including biomass. You and I have seen much in industrial and technical advancements over the years, I think my Dad's first car was a Ford Model A! It's pretty exciting what the future can bring and I would really like to hold a few stocks that will participate mainly to leave nice nest eggs for kids and grandkids. For me, I'm can be pretty much happy with a bed, bathroom, computer, and fishing pole (but don't tell my wife that! LOL!). I really hope FASC pays off for you, I think you must be pretty heavily committed here.