(October 2011) Tennessee Valley Authority implements new leadership group; Foley & Lardner hires two partners; New York Independent System Operator names new consumer interest liaison; Alterra appoints new CEO; plus senior staff changes at Xcel Energy, Galvin Electricity Initiative, Arch Coal, and others.
Small is beautiful for nuclear developers.
Small modular reactors (SMRs) are nuclear generating units that are about the size of railroad cars and provide about one-tenth to one-fourth the power of full-size reactors. As a result, they cost a fraction of what full-size reactors cost. The reactors are designed to provide between 40 MW and 300 MW of electric power, compared with the 1,100 to 1,700 MW output of larger reactors. In addition, most are expected to cost under $1 billion, compared with the $5 billion to $10 billion price tags of the larger units.