Idaho Samizdat: Nuke Notes

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• Texas nuclear renaissance moves ahead with the lure of loan guarantees

  NRG makes peace with CPS President Obama's announcement ( videos ) Feb 16 of an $8.3 billion loan guarantee for twin Westinghouse 1,150 MW AP1000 reactors at Southern's Vogtle site in Georgia has snapped heads to attention in Texas. Obama also said he would ask Congress for an additional $36 billion in loan guarantee authority as part of his FY2011 budget. There were two immediate effects.... Posted Feb 22 2010, 11:46 PM by Idaho Samizdat: Nuke Notes Filed under: loan guarantees, NRG Energy, South Texas Project, AP1000, NRG, stp, cps energy, agreement, cps

• 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

• Nuclear energy news roundup for 02/22/09

  Got loan guarantees?  Five do most don’t. Two are in Texas. Two nuclear energy utilities in Texas are rejoicing this week as they learned they are on the short list of projects likely to get a piece of $18.5 billion in federal loan guarantees for new nuclear power plants.  NRG Energy , which is building two 1,350 MW GE-Hitachi ABWRs at the South Texas Project and Luminant , which is building... Posted Feb 22 2009, 06:42 PM by Idaho Samizdat: Nuke Notes Filed under: nuclear, NRG Energy, Texas

• 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 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

• Exelon offers to buy NRG

  That's a really big deal The Wall Street Journal reports that Exelon Corp. ( NYSE:EXC ) said it made a $6.2 billion all-stock offer to buy power generator NRG Energy Inc., ( NYSE:NRG ) an indication that falling stock prices in the power sector are creating demand for deals like this one. An acquisition of NRG could have strategic importance for Exelon. Each firm is planning to build a nuclear... Posted Oct 20 2008, 09:13 AM by Idaho Samizdat: Nuke Notes Filed under: NRG Energy, Exelon

• Austin says no to NRG's nuclear expansion

  San Antonio may take 50% share The Dallas Morning News reports the Austin City Council voted Thursday not to invest in two new nuclear reactors that NRG Energy plans to build at the South Texas Project nuclear plant. The city is part owner of the nuclear plant, along with NRG and San Antonio. NRG had asked both cities to invest in 2,700 MW of new nuclear generating capacity. The Austin council passed... Posted Feb 15 2008, 11:08 AM by Idaho Samizdat: Nuke Notes Filed under: NRG Energy, Austin Energy

• Austin Energy faces NRG investment decision

  Municipal energy utility must step up to the plate or walk away A minority investor in NRG's South Texas Project has received a consultant's report that recommends against investing in two new reactors there. The City of Austin, TX, hired Worley Parsons Resources & Energy of Houston. The firm determined that the expansion's cost could be at least $1 billion more than estimated and take... Posted Feb 09 2008, 07:31 AM by Idaho Samizdat: Nuke Notes Filed under: NRG Energy, South Texas Project, Austin Energy

• Abstract - NRG files for two ABWRs as 1st mover

  Federal loan guarantees and risk insurance are expect to help by: Dan Yurman, Contributing Reporter Fuel Cycle Week 10/23/07 V6 N251 NRG Energy ( NYSE:NRG ) and the South Texas Project Nuclear Operating Company said Sept 24 it will file a Combined Construction and Operating License Application (COLA) with the NRC to build and operate two nuclear units at the current reactor site. NRG filed its letter... Posted Nov 04 2007, 12:05 PM by Idaho Samizdat: Nuke Notes Filed under: NRG Energy, South Texas Project, first mover

• Baloney detection for nuclear new builds

  You can't tell the players without a scorecard In 2001 Michael Shermer, a columnist for Scientific American, introduced the concept of baloney detection , which is the fine art of detecting fraud in the scientific and engineering realms. Schermer asks five questions which are appropriate for assessing the legitimacy of a claim. In the case of nuclear energy, baloney detection is unusually appropriate... Posted Oct 30 2007, 10:18 AM by Idaho Samizdat: Nuke Notes Filed under: Fresno Nuclear Energy Group, AEHI, Energy Alberta, Michael Shermer, baloney detection, NRG Energy, Transition Power Utah