2011 charlotte chamber energy summit
TRANSCRIPT
Moderator: Scott Carlberg
Panel:
Chris Fallon, Duke Energy
Jeff Merrifield, Shaw
Chris Mowry, B&W
Nuclear Energy and Growth Potential
Nuclear Stats• 104 reactors in the US• Produced 807 billion kWh in 2010• Capacity factor of 91% (Coal – 64% - 2009)
• More than 20% of total elec. output• After 30-years of no new-build, up to
6 possible new units by 2020• 2 now under construction by SCANA (SC)• 2 now under construction by Southern (GA)
Nuclear in the CarolinasCurrent Reactors
• NC –– 2 – Brunswick– 2 – McGuire– 1 – Shearon Harris
• SC –– 2 – Catawba– 1 – HB Robinson– 3 – Oconee– 1 – VC Summer
Construction
– 2 – Fairfield (SCE&G)
As Well As … – Savannah River Site– Multiple A/E & Vendor
Operations
Points of Discussion
• New build / finance
• Used fuel
• Workforce
• Economic development
Finance
• Loan guarantees
• Cost capture
• Partnerships
• Nuclear workers “aging out”• With potential 30% retirement rate in five years,
25,000 more workers may be required by 2015
• American universities annually graduate roughly 60,000 engineers for all industries
• “… the United States has had an issue for years of an oversupply of low- and semi-skilled workers and a shortage of high-tech
scientists and engineers.” Wells Fargo Econ. Group, 11/01/11
• “Employability Crisis”
Workforce
0%
5%
10%
15%
20%
25%
30%
18-22 23-27 28-32 33-37 38-42 43-47 48-52 53-57 58-62 63-67 67+
Age Range
Empl
oyee
s
2003
2005
2007
Source: 2007 NEI Pipeline Survey Preliminary Results, Contractors not included
2007 Total Employment ~ 55,900
2005 Total Employment ~ 57,900
2003 Total Employment ~ 58,400
Nuclear Industry Employment Distribution by Age
Economic Development
• Carolinas impact study
• Earned Income: $4.7 billion
• Payroll: $2.2 billion/year
• Taxes: ¾ billion
2011 Energy SummitInnovation and Entrepreneurship in the Energy Industry
Laurence Skinner
Hunton & Williams LLP
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Charlotte’s Broad-Based Energy Sector
• More than 250 businesses• More than 27,000 employees• More than 5,600 new jobs announced since 2007• Variety of subsectors:
– Air Handling and Environmental Controls– Energy Efficiency– Energy Engineering, Infrastructure, & Generation– Storage and Materials– Manufacturing / Industrial– Recycling & Waste– Transportation– Water & Wastewater
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Widely Known Names
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Lowest Prices Since 2001-2002
15
Natural Gas Pricing Ratio Change
16
Global Price Spread
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The Panel
• Ken Valentine – Piedmont Natural Gas• Johan Enslin – UNCC/EPIC• John Nurkin – SPX• Dave Dalton – General Microcircuits