Those
Magnificent Men and their Atomic Machines
Burning
Metal: The Los Alamos Molten Plutonium Reactor Experiment and the
History of the Fast Breeder
Part
II
With special thanks to
Prof. R. M. Kiehn
Note on Notation
Money is going to be
talked about a lot, but the value of the dollar has been different
from year to year. In each case, unless otherwise specified, values
will be given in the amount for the year in question, followed in
parentheses by the equivalent value in 2011 dollars.
Change of Plans
But, as Los Alamos was preparing the
third LAMPRE fuel loading, the nuclear energy landscape was changing.
In 1958 the Atomic Energy Commission
(AEC) had set a target of making nuclear electricity cost-effective
in regions with high fuel costs. In 1962, they decided they had
just about reached that goal. Four private nuclear reactors and two
joint public-private projects were producing power by 1962, and
another ten were under construction, most of them Light Water
Reactors (LWRs). In a landmark report to the president on civilian
nuclear power in 1962, the AEC recommended that light water
technology be handed over to the private sector. There were
obviously further improvements to be made, but they would be
evolutionary and incremental, and thus the domain of private
enterprise rather than the AEC labs. Properly encouraged by the
government, the light water reactor would be cost-competitive with
coal and gas by the 1970s except in very low fuel cost areas. The
AEC would focus instead on advanced reactor concepts, particularly
breeders.