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Atoms for Peace +50

Atoms for Peace +50. Andy White – President & CEO, GE Nuclear Energy. Sustainable Nuclear Growth. The original Atomic Industrial Forum members envisioned an Industry prospering through: Advanced Engineering Business Acumen Enlightened Public Policy.

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Atoms for Peace +50

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  1. Atoms for Peace +50 Andy White – President & CEO, GE Nuclear Energy

  2. Sustainable Nuclear Growth The original Atomic Industrial Forum members envisioned an Industry prospering through: • Advanced Engineering • Business Acumen • Enlightened Public Policy Suppliers, Owners & Policy Makers … All Have Key Roles

  3. Nuclear Industry Success The measures of success are the same today as they were 50 years ago: • Safety • Plant Performance • Economics and owner value • Environmental impact Has The Vision of Atoms for Peace Been Achieved?

  4. Generation Capacity Factor CDF Nuclear Performance Gains Unparalleled RecordPerformance778 Billion kWhrs 90 89 87 85 80 77 76 74 74 71 71 Safety & Performance Gains Are Linked

  5. Nuclear Generation Costs Down 40% 2002 Dollars Fuel Capital Improve O&M 30.3 29.9 27.3 27.2 25.5 25.2 23.5 21.2 20.5 19.4 18.8 Driven by Performance Improvements

  6. The Environment • Over the past 50 years, US Nuclear Plants Have: • Generated 13.7 Trillion Kilowatt-Hours of Electricity • Zero Carbon Depletion & Emission Free! • Avoiding: • 3.1 Billion Metric Tons of Carbon • 73.6 Million Tons Sulfur Dioxide • 35.6 Million Tons of Nitrogen Oxides Provides Emission Free & Sustainable Energy Resource

  7. The US Nuclear Fleet BWR PWR Anchors the Grid and Stabilizes Generation Costs

  8. Hydro Nuclear 8% Other 19% 4% 18% Gas 51% Coal Where Are We Today? Installed Capacity Energy Hydro Nuclear 11% 10% 14% Other 31% Coal Gas 34% A Key Part of the US Energy Generation Portfolio

  9. Global Power Generation (GW) 2003 – 2006 Orders Forecast 187 Rest of Asia 62 China 125 57 50 28 15 Source: EPM S1 Forecast 335 GW Market Potential over Next 4 Years35% of Orders Come from China

  10. Fuel O&M Capital Improving Performance Setting the Stage for New Nuclear Plants $37.3 $34.4 $29.4 $22.5 Nuclear Economics Good for New Unit

  11. Latest Design for U.S. Markets Next Generation Reactors • Design Highlights • 1,400 MWe Plant With Simplified Systems • Passive Safety Features • Overall Schedule • Licensing Process Started 2002 • Regulatory Approval Expected 2006 • Key Benefits • Faster Construction, Lower Costs • Improved Safety and Security • Improved O&M Costs ESBWR ESBWR Can Meet U.S. Owner’s New Needs

  12. Hydrogen Energy … • Advantages • Most Abundant Element • Catalytic Process Creates Water (Fuel Cells) • Energy/kg = 3x Natural Gas or Gasoline • The Challenge • Infrastructure Not in Place • Cost of Energy Drives Market - No Cost of Carbon Dioxide (Greenhouse) Today • Nuclear Role • HTGR - Zero Carbon Depletion & Emissions H2 Energy … A Slow Transition

  13. Final Thoughts • Nuclear Energy Is Key To a Balanced Energy Portfolio • Credits for Emission Free, Zero Carbon depletion Nuclear Energy • Next Generation Reactors Address Safety & Economics • Need New Unit Incentives For Customers A Key Role In A Sustainable & Balanced Portfolio

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