DOE OSTI2016
In the United States (US), energy from coal, natural gas, and nuclear power plants produced approximately 3,500 TWh of electricity and accounted for 85% of total net generation in 2015. In 2015, coal and natural gas power plants each contributed about 33% of all generation in the US. generation II nuclear power plants represents about 20% of all electricity produced in the US and 62.4% of emission-free electricity in 2015. As a byproduct of electricity, combustion fossil fuel plants release hazardous emissions such as CO{sub 2}, N{sub 2}O, NOx and SO{sub 2}. CO{sub 2}, CH{sub 4}, and N{sub 2}O. Many of these emissions are major greenhouse gases (GHG) that have been linked to contributing to global climate change. The release of NOx and SO{sub 2} have a negative impact on human health and contribute to smog and acid rain. As a result, communities are often subjected to negative externalities such as pollution, noise, undesirable visuals, and safety concerns when sited near power plants. Though nuclear power plants do not produce any air emissions, there are concerns of nuclear waste, radiation leaks into the environment, and Fukushima-level accidents. With electricity generation, there are economic, safety, and environmental tradeoffs between the three technologies. These factors can contribute to negative and positive externalities for communities that are sited near baseload power plants. Davis (2010) using the hedonic price method found that communities living within 2 miles of power plants experience a 3-7% decrease in housing values. There is further evidence that those that live even closer experience larger decreases. While several studies focus on hedonic price methods and health effects, none have investigated and compared the socioeconomic indicators of communities near baseload power plants. The goal of this work is to investigate and examine relationship between societal and economic community indicators with respect to distance and generation technology. From a cost benefit standpoint an argument can be made based on the externalities from these power plants. Positive externalities that improve median incomes and home values could mean added tax revenue for local municipalities and governments. Typically, comparisons between generating technologies are made using the levelized cost of electricity (LCOE) and life cycle GHG emissions, however the impacts on local communities can also be used as a metric when comparing technologies. (authors)
29 ENERGY PLANNING, POLICY, AND ECONOMY↗