2026-04-10 18:29:21 -06:00

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\title{Wyoming's Nuclear Supply Chain Opportunities and Challenges}
\author{Alexander Gebben}
\institute{University of Wyoming, Center for Business and Economic Analysis}
\date{April 14th, 2026}
\begin{document}
%%%%%%%%%%%%%%%%%%%%%%
\frame{\titlepage}
%%%%%%%%%%%%%%%%%%%%%%
\begin{frame}[plain]
\includegraphics[width=0.155\textwidth]{cerpa-publications-nuclear3.png}
\includegraphics[width=0.155\textwidth]{cerpa-publications-nuclear1.png}
\includegraphics[width=0.155\textwidth]{cerpa-publications-nuclear2.png}
\includegraphics[width=0.155\textwidth]{cerpa-publications-nuclear4.png}
\includegraphics[width=0.155\textwidth]{cerpa-publications-nuclear6.png}
\includegraphics[width=0.155\textwidth]{cerpa-publications-nuclear5.png}
\vfill
\huge
Center for Energy Regulation and Policy Analysis (CERPA) series
\normalsize
\begin{enumerate}
\item{Identify challenges to acquire nuclear sectors in Wyoming}
\item{Analysis of benefits and costs to development}
\item{Make reports comparable across the supply chain}
\end{enumerate}
\end{frame}
%%%%%%%%%%%%%%
\begin{frame}
\frametitle{Obstacles: What will it take?}
\begin{table}[h!]
\centering
\caption{\textbf{Scoring System for Wyoming Nuclear Development}}
\renewcommand{\arraystretch}{1.3}
\begin{tabularx}{\textwidth}{l l}
\rowcolor{gray!15}
\textbf{Score} & \textbf{Summary} \\
\onslide<2,4>{\levelcircle{green!50!black} Major Advantage & Wyoming has a unique advantage\\
\levelcircle{green!80!black} Moderate Advantage & Wyoming has non-unique advantage\\
\levelcircle{green!45} Minor Advantage & Status quo development}\\
\hline
\onslide<3,4>{\levelcircle{yellow!100} Minor Obstacle & Financial support and status quo development\\
\levelcircle{orange} Moderate Obstacle & Financial support or industry change\\
\levelcircle{red} Major Obstacle & Significant financial and industry change\\
\levelcircle{red!60!black} Severe Obstacle & Impossible\\}
\end{tabularx}
\end{table} \end{frame}
%%%%%%%%%%%%%%%%%%%%%%
\begin{frame}
\frametitle{Cost and Benefits: Is it worth it?}
\only<1-3>{\textbf{Direct Benefits and Costs}
\begin{enumerate}
\item<1->{Producer surplus}
\begin{itemize}
\item<1->{Revenue-Costs}
\item<1->{Cost can be an input to other producers}
\end{itemize}
\item<2->{Consumer surplus}
\begin{itemize}
\item<2->{Private value}
\item<2->{Lower electricity costs}
\item<2->{Better stability}
\end{itemize}
\item<3->{Taxes}
\begin{itemize}
\item<3->{Government spending value}
\end{itemize}
\end{enumerate}
}
\only<4-7>{
\begin{columns}
\begin{column}{0.6\textwidth}
\textbf{Indirect Benefits and Costs}
\begin{enumerate}
\item<4->{Externalities}
\begin{itemize}
\item<5->{Positive}
\item<5->{Negative}
\end{itemize}
\item<6->{Indirect and induced spending effects (More consumer and producer surplus)}
\item<7->{Opportunity Costs: What else could you do with the money?}
\end{enumerate}
\end{column}
\begin{column}{0.4\textwidth}
\includegraphics[width=\textwidth]{Gas_Power.jpg}
\vfill
\includegraphics[width=\textwidth]{Park.jpeg}
\end{column}
\end{columns}
}
\only<8-9>{
\begin{itemize}
\item<8->{\textbf{Total Benefits and Costs (Yes\(/\)No)}}
\item<9->{\textbf{Does everyone benefit? }
\begin{itemize}
\item{What can help?}
\end{itemize}
}
\end{itemize}
\vfill
\begin{columns}
\begin{column}{0.33\textwidth}
\includegraphics[width=\textwidth]{Reactor.png}
\end{column}
\begin{column}{0.45\textwidth}
\includegraphics[width=\textwidth]{Cask.png}
\end{column}
\end{columns}
}
\end{frame}
%%%%%%%%%%%%
\begin{frame}[plain]
\centering
\huge Manufacturing
\end{frame}
\begin{frame}{Obstacles}
\centering
\begin{table}[htbp]
\centering
\begin{tabular}{l l}
\rowcolor{gray!15}
\multicolumn{2}{c}{\textbf{Key Wyoming Advantages}} \\
\onslide<1->{\levelcircle{green!50!black} Major Advantage & Tax exemption for manufacturing\\
\levelcircle{green!80!black} Moderate Advantage & Existing industries that could pivot}\\
\rowcolor{gray!15}
\multicolumn{2}{c}{\onslide<2->{\textbf{Key Wyoming Obstacles}}}\\
\onslide<2->{\levelcircle{yellow!100} Minor Obstacle & Comparative advantage\\
\levelcircle{yellow!100} Minor Obstacle & Tied to nuclear energy economics}
\end{tabular}
\end{table}
\onslide<3->{
\textbf{What is required to aquire the industry?}
\begin{itemize}
\item{Wyoming tax incentives will be enough if nuclear growth continues}
\item{Attracting large industries from overseas would require additional incentives}
\end{itemize}
}
\end{frame}
%%%%
\begin{frame}{Direct Effects}
Total direct value add of \$2.27 million per year, \$1.87 million of Wyoming GDP contribution\footnote{Assume an existing Wyoming manufacturing firm adds 20 new employees to produce nuclear components.}.
\begin{columns}
\begin{column}{0.5\textwidth}
\textbf{Benefits}
\begin{itemize}
\item{20 employment}
\item{\$1.7 million in employee compensation}
\item{\$500 thousand in profit}
\item{\$18.4 thousand for county taxes.}
\item{\$420 thousand in U.S. taxes.}
\end{itemize}
\end{column}
\begin{column}{0.5\textwidth}
\textbf{Costs}
\begin{itemize}
\item{\(\approx\)\$13 thousand benefits moved from State taxes to profit.}
\item{14 tons of non-toxic waste products.}
\item{1 acre of land used.}
\end{itemize}
\end{column}
\end{columns}
\end{frame}
\begin{frame}{Indirect Effects}
\begin{columns}
\begin{column}{0.5\textwidth}
\textbf{Benefits}
\begin{itemize}
\item{12 employment}
\item{\$672 thousand in employee compensation}
\item{\$220 thousand in profit}
\item{\$37.5 thousand for county taxes}
\item{\$70 thousand for State taxes}
\item{\$170 million in U.S. taxes}
\end{itemize}
\end{column}
\begin{column}{0.5\textwidth}
\textbf{Costs}
\begin{itemize}
\item{20 tons of non-toxic waste products.}
\end{itemize}
\end{column}
\end{columns}
\vfill
Total indirect value add of \$1.24 million per year, \$1.07 million of Wyoming GDP contribution.
\end{frame}
\begin{frame}{Overall Considerations}
\begin{itemize}
\item{\$2.9 million in Wyoming GDP increase}
\item{32 added employees}
\item{24 tons of non-toxic waste}
\item{No (or minor) radioactivity considerations}
\end{itemize}
\vfill
\begin{columns}
\begin{column}{0.5\textwidth}
\textbf{Who Benefits?}
\begin{itemize}
\item{Industry employees}
\item{Local business}
\item{Nuclear power plant operators}
\item{Local and State government amenities}
\end{itemize}
\end{column}
\begin{column}{0.5\textwidth}
\textbf{Who might be harmed?}
\begin{itemize}
\item{No clear individuals with substantial costs.}
\item{Local taxes could compensate if some increase traffic or other costs.}
\end{itemize}
\end{column}
\end{columns}
\end{frame}
%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%
\begin{frame}[plain]
\centering
\huge Nuclear reactor
\end{frame}
%%%%
\begin{frame}{Obstacles}
\centering
\begin{table}[htbp]
\centering
\begin{tabular}{l l}
\rowcolor{gray!15}
\multicolumn{2}{c}{\textbf{Key Wyoming Advantages}} \\
\levelcircle{green!50!black} Major Advantage & Tax exemption for advanced reactors\\
\levelcircle{green!80!black} Moderate Advantage & Coal power plant co-location\\
\rowcolor{gray!15}
\multicolumn{2}{c}{\onslide<2->{\textbf{Key Obstacles}}}\\
\onslide<2->{\levelcircle{red} Major Obstacle & Prices suppressed by natural gas\\
\levelcircle{orange} Moderate Obstacle & Experience needed to reduce costs}
\end{tabular}
\end{table}
\onslide<3->{
\textbf{What is necessary to acquire the industry?}
\begin{itemize}
\item{Financial support required to make nuclear a cheaper alternative to natural gas}
\item{\$2 billion of support for TerraPower overcomes this, Wyoming a feasible location.}
\end{itemize}
}
\end{frame}
\begin{frame}{Job Impacts}
\includegraphics[width=\textwidth]{Jobs.png}
\end{frame}
%\begin{frame}{Wyoming Tax Impacts}
% \includegraphics[width=\textwidth]{Taxes.png}
%\end{frame}
%%%%%%%%%%%%%%%%%%%%%%%%
\begin{frame}{Direct Construction Effects}
Total direct value added of \$629 million, \$408 million of Wyoming GDP contribution, \$49 million at the county level\footnote{Discount at 5\% and average employment over all years of construction.}.
\vfill
\begin{columns}
\begin{column}{0.33\textwidth}
\textbf{Benefits Wyoming}
\small
\begin{itemize}
\item{748 employment}
\item{\$365 million in employee compensation}
\item{\$9.6 million in sales tax.}
\item{\$33 million in property tax.}
\end{itemize}
\end{column}
\begin{column}{0.33\textwidth}
\textbf{Benefits Local}
\small
\begin{itemize}
\item{37 employment}
\item{\$18.25 million in employee compensation}
\item{\$3 million county sales taxes}
\item{\$28 million in county property tax.}
\end{itemize}
% \textbf{Other Benefits}
% \small
% \begin{itemize}
% \item{\$97 mill. U.S. taxes.}
% \item{\$124 mill. profit}
% \end{itemize}
\end{column}
\begin{column}{0.33\textwidth}
\textbf{Costs}
\begin{itemize}
\item{Increased traffic accidents worth \$11.8 million to avoid.}
\item{490 thousand tons of non-toxic waste products.}
\item{43 tons of RCRA toxic waste.}
\end{itemize}
\vfill
\end{column}
\end{columns}
\end{frame}
\begin{frame}{Indirect Construction Effects}
Total indirect value add of \$126 million, \$94 million of Wyoming GDP contribution.
\vfill
\begin{columns}
\begin{column}{0.5\textwidth}
\textbf{Benefits}
\small
\begin{itemize}
\item{239 employment}
\item{\$52 million in employee compensation}
\item{\$41 million in profit}
\item{\$17.1 million in Wyoming tax.}
\begin{itemize}
\item{\$5.6 million in county taxes}
\item{\$11.5 million State}
\end{itemize}
\item{\$15.5 million in U.S taxes}
\end{itemize}
\end{column}
\begin{column}{0.5\textwidth}
\textbf{Costs}
\begin{itemize}
\item{2,425 tons of non-toxic waste products}
\item{85 tons of RCRA toxic waste.}
\end{itemize}
\end{column}
\end{columns}
\end{frame}
%%%%%%%%%%%%%
\begin{frame}{Operating Effects}
Total value added of \$150 million per year. However money can leave the State.
\vfill
\begin{columns}
\begin{column}{0.5\textwidth}
\textbf{Benefits Wyoming}
\small
\begin{itemize}
\item{Between 371 and 516 employment}
\item{Between \$50 and \$75 million in compensation}
\item{\$14 million in State taxes.}
\begin{itemize}
\item{\$4 million in county taxes}
\end{itemize}
\end{itemize}
\end{column}
\begin{column}{0.5\textwidth}
\textbf{Costs}
\begin{itemize}
\item{Opportunity Cost: Gas conversion}
\item{970 tons of non-toxic waste}
\item{Accident risk}
\item{Personal preference to avoid nuclear}
\end{itemize}
\end{column}
\end{columns}
\end{frame}
%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%
\begin{frame}{Overall Considerations}
\begin{itemize}
\item{Signficant Wyoming GDP increase}
\item{Impacts are not uniform over time or space}
\end{itemize}
\vfill
\begin{columns}
\begin{column}{0.5\textwidth}
\textbf{Who Benefits?}
\begin{itemize}
\item{Skilled Industry employees}
\item{Local business}
\item{Most consumers}
\item{Local and State government amenities}
\end{itemize}
\vfill
\end{column}
\begin{column}{0.5\textwidth}
\textbf{Who might be harmed?}
\begin{itemize}
\item{Coal or gas specific skills }
\item{Spent fuel managment}
\item{Infrastructure and houseing load}
\item{National tax payers}
\end{itemize}
\end{column}
\end{columns}
\end{frame}
%%%%%%%%%%%%%%%%%
\begin{frame}[plain]
\centering
\huge Conclusion and Questions
\end{frame}
%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%
\end{document}