Idaho Samizdat: Nuke Notes

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• Exelon still thinking about Texas

  But that’s about all The citizens of Victoria, Texas , could be forgiven if they do not take kindly to questions about Exelon’s ( NYSE:EXC ) intentions to build two nuclear reactors there. After a whirlwind courtship, the nation’s largest utility backed out of the relationship and said it just wanted to be friends. Part of the reason is a bad case of parental disapproval. Exelon had hitched up with... Posted Feb 22 2010, 11:39 PM by Idaho Samizdat: Nuke Notes Filed under: ESBWR, Exelon, Victoria Texas

• Oyster Creek under fire over cooling towers

  Environmental groups are not giving up on efforts to close the recently relicensed reactor A coalition of a half-dozen environmental groups, thwarted in their efforts to shut down one of the nation’s oldest operating commercial nuclear reactors, has a new tactic. The groups are pushing the State of New Jersey to require the 619 MW Oyster Creek boiling water reactor (BWR), owned and operated by Exelon... Posted Jan 14 2010, 09:06 AM by Idaho Samizdat: Nuke Notes Filed under: Oyster Creek, New Jersey, Exelon

• Exelon keeps options open for Texas reactor project

  Texas sized uncertainties loom in the near-term Sometime in the next three months Exelon will file an Early Site Permit application with the NRC. The review process will take about two years. The action will keep the nuclear utility’s options open to eventually build a new nuclear power station near Victoria, Texas. The firm is also retaining its water rights in the region. Craig Nesbit, a spokesman... Posted Jan 10 2010, 06:12 PM by Idaho Samizdat: Nuke Notes Filed under: Exelon, Victoria Texas

• Exelon exits growth through acquisition strategy

  CEO John Rowe tells WSJ focus is on earnings Over at Atomic Insights Rod Adams has a long piece in which he  tries to figure out what Exelon’s John Rowe is really doing about the nuclear renaissance.  Adams has some strong opinions about where Rowe and Exelon are going.  Right now the paradox is that Exelon ( NYSE:EXC ), as the nation’s largest nuclear utility, has no plans to build... Posted Nov 02 2009, 10:55 AM by Idaho Samizdat: Nuke Notes Filed under: Exelon, nuclear blogs, acquisitions, CEO, growth, strategy, john rowe

• Nuclear news roundup for July 12, 2009

  It ain’t over until the fat lady sings A lot of people think Exelon at Victoria, TX,has taken its bat, ball,a nd glove, and hit the showers over its plans for twin GE-Hitachi 1,350 ABWR reactors there. This has been a hard luck site for the giant Chicago based utility. First, it spent tens of millions on a license application to the NRC referencing the GE-Hitachi ESBWR, but later bid that design goodbye... Posted Jul 12 2009, 06:40 PM by Idaho Samizdat: Nuke Notes Filed under: Exelon, GE Hitachi, GEH

• Texas nuclear industry heats up over NRG

  Exelon raises the stakes for its hostile takeover. NRG raises the costs of STP units 3 & 4. The nuclear industry in Texas more closely resembles the West of  oil wildcatting days than corporate, button down corner offices.  That's because Exelon, which is based on Chicago, is not going to accept "no" for an answer from NRG.  Exelon has been trying to force an all stock... Posted Jul 05 2009, 04:40 PM by Idaho Samizdat: Nuke Notes Filed under: Exelon, Texas, NRG

• Victoria, Texas, Two-Step

  Exelon switches reactors but not vendors for the twin unit project A few months ago the nation’s biggest nuclear power utility dealt a devastating blow to the GE-Hitachi consortium that is developing the new Economic Simplified Boiling Water Reactor ( ESBWR ) a 1,550 MW unit. Because the design is still under review by the NRC, and not yet certified for market, the Department of Energy ranked it as... Posted Mar 27 2009, 11:28 AM by Idaho Samizdat: Nuke Notes Filed under: Exelon, GE-Hitachi, Victoria Texas

• Nuclear News Roundup for 03/01/09

  Exelon to NRG: I have you in my clutches my dear Chicago-based Exelon ( NYSE:EXC ), which exemplifies the spirit of a  city that will not take “no” for an answer, claims it now has 51%or a controlling interest in New Jersey-based NRG Energy ( NYSE:NRG ).  Although, most of what Exelon wants isn’t in New Jersey.  There NRG has two operating nuclear plants in Texas and two more that are... Posted Mar 01 2009, 07:18 PM by Idaho Samizdat: Nuke Notes Filed under: NRG Energy, Exelon, acquisitions

• Exelon’s hostile takeover of NRG stalling out?

  A big NRG shareholder says the all-stock deal isn’t worth it A major shareholder of NRG ( NYSE:NRG ), Solus Alternative Asset  Management LP, based in New York, has balked at selling its stake in NRG to Exelon ( NYSE:EXC ) as part of that firm’s all-stock effort to take over the utility. It will likely slow down Exelon’s efforts to take over NRG. According to a report in the Chicago Tribune, Solus... Posted Feb 08 2009, 03:05 PM by Idaho Samizdat: Nuke Notes Filed under: NRG Energy, Exelon, acquisitions

• Texas nuclear firms hold cards close

  Exelon and NRG face uncertainties for new nuclear builds in the lone star state No one outside of NRG ( NYSE:NRG ) really knows what it will cost to  build the 3rd and 4th units at the South Texas Project ( STP ), but that hasn’t stopped NRG, the New Jersey utility that is building them, from seeking long-term commitments from the investors in the first two units.  The cities of Austin and... Posted Jan 24 2009, 10:53 AM by Idaho Samizdat: Nuke Notes Filed under: NRG Energy, South Texas Project, Exelon, New Nuclear Plants

• Exelon bears down on NRG

  Hostile takeover effort is extended to Feb 25 The Wall Street Journal reports that Exelon Corp. ( NYSE:EXC ) will  extend its offer for NRG Energy Inc. ( NYSE:NRG ) by seven weeks to Feb 25 as a result of having acquired 45.6% or 106.5 million shares since November. NRG's stock closed at $28.62 on Jan 10 making Exelon's stake worth $3.05 billion. The Chicago nuclear giant is planning several... Posted Jan 10 2009, 10:51 PM by Idaho Samizdat: Nuke Notes Filed under: NRG Energy, Exelon

• Exelon bids goodbye to GE Hitachi ESBWR

  Advanced reactor design is out of the running for Victoria, TX, site GE Hitachi's latest product offering, an "economic simplified  boiling water reactor" ( ESBWR ) was dropped this week from further consideration for Exelon's planned greenfield nuclear reactor site at Victoria, Texas , 118 miles southeast of San Antonio. The Wall Street Journal had a snappy lead in its coverage... Posted Nov 28 2008, 10:46 AM by Idaho Samizdat: Nuke Notes Filed under: ESBWR, Exelon, New Nuclear Plants, GE Hitachi, Victoria County

• Exelon launches hostile bid for NRG

  All stock offer for $6.2 billion is rejected in a heated exchange of letters After making an unsolicited $6.2 billion all stock offer for NRG  ( NYSE:NRG ), Chicago-based Exelon ( NYSE:EXC ) got a strong and unequivocal "no" from Princeton-based NRG.  The Wall Street Journal reports NRG replied that Exelon was trying to get the company for a "low ball" price. According... Posted Nov 16 2008, 02:40 PM by Idaho Samizdat: Nuke Notes Filed under: NRG Energy, Exelon

• NRG rejects Exelon's unsolicited $6B offer

  Holds out for a better deal. Will it get one? The Wall Street Journal reports NRG Energy Inc. ( NYSE:NRG ) has  rejected a $6 billion unsolicited takeover bid from Exelon Corp., ( NYSE:EXC ) saying that the offer "grossly undervalues" the firm. NRG said that despite its decision, it was ready to do a deal under more favorable terms. Bloomberg reports Exelon offered NRG shareholders Read... Posted Nov 09 2008, 05:16 PM by Idaho Samizdat: Nuke Notes Filed under: NRG Energy, Exelon

• Make no little plans

  Exelon's John Rowe wins Chicago "Daniel Burnham' award Make no little plans; they have no magic to stir men's blood and probably will  themselves not be realized. Make big plans; aim high in hope and work, remembering that a noble, logical diagram once recorded will not die.  -- Daniel Burnham , Architect 1846-1912 The Chicago Chamber of Commerce presented John W. Rowe, chairman... Posted Nov 01 2008, 12:59 PM by Idaho Samizdat: Nuke Notes Filed under: Exelon