A former Nuclear Regulatory commissioner was among the witnesses and a house hearing review read legislation that would revamp federal oversight and modernization of the Nuclear Power industry. Hearing is about one hour and 10 minutes. Legislative proposal to advance Nuclear Energy. Is each of you before your opening statements. We want to thank marvin for the great job is done and i think it to go on and look at other challenges at the end of this year. So we are delighted he is here. He served as president and chief executive since 2009. He has had a long and distinguished career advocating for the Nuclear Industry. Nuclear energy is an integral part of our policy. Energy is an integral part of our policy. The Current Fleet of roughly 100 operating Nuclear Power plants safely and reliably generates about 20 of our nations electricity. However, many are approaching the end of their current license and the revelatory costs are adding to challenging times. This outlook revives a timely
Revamp oversight and modernization of the u. S. Nuclear power industry. The hearing is about one hour and 10 minutes. Good morning. And welcome to our hearing on the legislative proposal to advance the use of Nuclear Energy. I want to thank all of our witnesses in advance, and i will be introducing each of you before your fiveminute opening statement. Marvin for to thank the great job he did at the Nuclear Energy institute. And i think it is his plan to go on and look at other challenges at the end of this year. So we are delighted he is here. He served as president and chief executive since 2009. He has had a long and distinguished career advocating for the Nuclear Industry. Energy is an integral part of our policy. The Current Fleet of roughly 100 operating Nuclear Power plants safely and reliably generates about 20 of our nations electricity. However, many are approaching the end of their current license and the revelatory costs are adding to challenging times. This outlook revives
Of course, mr. Chairman, todays bill is simply a discussion draft and we will need to hear from the nrc commissioners, themselves, before moving into a legislative process. But i look forward to todays hearing and i look forward to testimony from todays experts of mostly need for the changes outlined in the bill as well as the Practical Implications if these changes were, indeed, enacted. Thank you, mr. Chairman. I yield back the balance of my time. Gentleman yields back. This time i recognize mr. Kizinger for five minutes and if some others want some of your time, you might consider yielding. This will be fairly quick. Mr. Chairman, i want to taunk you for holding the hearing. I want to thank each of the witnesses for being here today. Its an important topic. As weve heard, Nuclear Power generates about 20 of electricity in the United States and in illinois its over 50 , including 60 of the nations carbonfree electricity. These plants are high performing, consistently having the highe
We find ourselves in the 90s in a whole new world. The decline of Nuclear Weapons. We have an arms control treaty, start one at the very beginning of the decade. We have International Structure which is no longer why polar. It could be called unipolar. We have globalization is the recent pieces to it but it appears to be part of a fundamental new world order. I love that phrase. It has the imagery of military force that still there but not Nuclear Weapons. Economic measures of power were going to be so much more important. There was a prediction of the decline of the nationstate in the concept of National Sovereignty where International Commerce information, technology would replace this. The book that captures of course was friedmans lexus, and all of tree, eventually the world was flat. A piece in Foreign Affairs that was her influential also predicted this new world we were moving into. Military power was still relevant of course because the decade began with the war to throw the ir
Adjusted are complicated. So what were trying to do now is get through an analysis of not only fico 8 and 9 but an alternative scoring credit scoring model and try to come up with a system that is a better system and then adjust the operational things that it would take to let me cut you off there. I only have a little bit of time. I encourage you to put pedal to the medal in that regard. We have pedal to the medal. We are at it. I guarantee you. Im not quite persuaded of that, but thank you for pursuing it because a lot of people would be more fairly treated with an appropriate credit model. I wanted to turn to first place insurance. Theres been reports from npr and ap recently but these issues go back a long ways. Its something ive been pointing out a long way. The kick backs that go to mortgage insurance often drive people into foreclosure and of course that has an impact on your agency. I understand that in june you all did issue a requirement that these kickbacks ind, whether they