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Nuclear Power Industry News is a blog about utilities, companies, suppliers in the nuclear energy market.

August 2009 - Posts

  • SCE Ends Contract With Bechtel

    Shaw Group will take over the contract

     - By April Murelio -

    According to a report in Union Tribune, Southern California Edison, has terminated its long-standing maintenance San Onofre contract with Bechtel a month before it plans to undertake one of the largest construction jobs in the plant's history.

    The Shaw Group will take over the contract.  Nuclear power plant maintenance entails knowledge of systems and procedures to ensure that equipment operates safely and dependably, and meets Nuclear Regulatory Commission regulations.

    Edison will still use Bechtel to replace two massive steam generators at each reactor, which will entail slicing holes in the massive domes.
    San Onofre has been attempting to improve its safety record.

    Ross Ridenoure, San Onofre's chief nuclear officer, said Bechtel wasn't removed because it was doing a poor job, but because he believes the Shaw Group is a better choice.

    Edison appointed Ridenoure chief nuclear officer about 18 months ago to improve the plant's safety record, and he has hired a team of new managers to help him. 

    “Given San Onofre is going to be operating differently from what we did in the past, I thought Shaw was a better fit with the overall strategy of how we're performing at the station,” Ridenoure said.

  • Bruce Power’s Business Improvement Group Seeks To Maximize Employee Assets

    Bruce recognize and reward employees for their business improvement ideas

     - By: Razor Suleman, CEO and Founder, I Love Rewards -

    Bruce Power is the only private nuclear generation company in Canada and the source of nearly 25 per cent of Ontario’s electricity. Ranked 156th on the Financial Post’s list of Canada’s 500 largest companies, Bruce Power employs more than 3,800 people in a variety of technical disciplines, including the Nuclear Operators, Engineers, Control Technicians and Mechanics who run and service the company’s six reactor units.

    After an employee survey was conducted in May 2007, Bruce Power decided to implement a program that would improve employee engagement as well as recognize and reward those who strived for performance excellence while living the company values.

    Improve the Business through Innovation

    Bruce Power embraces innovation because it provides a competitive advantage, which is crucial in an already challenging electricity market. As a result, Bruce Power requires a high level of commitment from employees in developing and implementing innovative practices and processes.

    Business Improvement Group (BIG)

    Bruce Power established the Business Improvement Group (BIG) – a dedicated team of individuals who implement programs that improve the way Bruce Power operates, and give employees a greater voice.

    BIG set forth to implement a program designed to motivate employees to submit ideas on how to improve and innovate how Bruce Power operates. Much more than an employee suggestion box, BIG wanted to develop an online program that would engage employees in the process; thus, building a culture of innovation to achieve performance excellence.

    “Passion for Excellence” is an important value at Bruce Power.  Achieving excellence requires continuous improvement in the way we do our work and that means we need the support of all of the people in our company.  Recognizing and rewarding employees for their ideas and innovations is an effective way of reinforcing that passion for excellence.”
           Jack Bingham, Bruce Power, BIG leader

    Finding partners to implement BIG ideas

    Bruce Power had previously put in place a BIG Ideas system to collect and track employee ideas. To motivate employees to participate, Bruce Power partnered with I Love Rewards, an online rewards and recognition program provider. In February 2009, Bruce Power launched BIG Ideas – an online points-driven program that rewards and recognizes Bruce Power employees for submitting their BIG Ideas. Within 24 hours of the launch, over 40 submissions were entered into the online system.

    “Bruce Power is truly innovative and has taken rewards and recognitions to a completely new level,” says Paula Kwan, Client Success Manager, I Love Rewards. “We are happy to be on the journey with them and anxiously anticipate seeing what their next BIG idea will be.”

    Program Highlights:

    • By April 2009, the program had already generated 900 submissions.
    • Within an hour of the program being launched in February of 2009, more than 40 Big Ideas had been submitted. In fact, Bruce Power CEO Duncan Hawthorne had not even finished his initial address to staff outlining the program, when the ideas began pouring in.
    • BIG Ideas has become part of the fabric of Bruce Power. Employees can register their ideas at one of 10 kiosks strategically placed throughout the site’s many buildings. At the time of its launch, more than 5,000 How-To guides were distributed to full time and contract staff.

    What’s their next challenge?  Reviewing the large volume of idea submissions coming in at a rate far higher than they could have ever expected.  It’s the kind of challenge that Bruce Power is proud of and happy to take on.

  • PA Health Department Distributing Potassium Iodide to People Living, Working Near Nuclear Power Plants

    Previously Distributed Tablets Expire Aug. 31; New Tablets Available Beginning Sept. 1

     - By Abby Gessner -

    The Department of Health will provide free potassium iodide, or KI, tablets to people who live or work within a 10-mile radius of Pennsylvania's five nuclear power plants beginning next month.

    The KI tablets that were distributed previously by the commonwealth will expire on Aug. 31 and should be discarded in the trash. The pills should not be used after the expiration date.

    The new KI tablets will be distributed beginning Tuesday, Sept. 1, through Thursday evening, Sept. 3, at sites across Pennsylvania. Hours will be from 11:30 a.m. to 7:30 p.m., with the exception of Montgomery County's site, which will be open from 9:30 a.m. to 7:30 p.m.

    If for any reason people are unable to pick up KI during the initial three-day distribution, or if they decide at a later time that they'd like to get KI, Health Department offices will maintain a supply and will make it available for pick up by the public during normal business hours. The locations are listed on the department's Web site, www.health.state.pa.us.

    Pennsylvania has five nuclear power plants: Beaver Valley Power Station, Limerick Generating Station, Peach Bottom Atomic Power Station, Susquehanna Steam Electric Station, and Three Mile Island Nuclear Generating Station.

    Each person who lives within the 10-mile radius of one of the five power plants will be eligible to receive four 65-milligram tablets per person. Individuals will be allowed to pick up tablets for their family members and those who are unable to pick them up on their own.

    In addition to the tablets, instructions will be available detailing how to store the tablets and when they should be taken. Health department staff also will be on site to answer questions.

    The public is reminded to not take KI during a test of the Emergency Alert System or during a test of the sirens located near nuclear power plant sites. Residents should only take the pills when directed to do so by the Governor or state public health officials.

    KI will also be available for those who work within the 10-mile radius, but do not live there. Employers can contact the Department of Health at 1-877-PA-HEALTH to make arrangements to pick up tablets for their entire workforce.

    School districts within the 10-mile radius also have the option of deciding whether to accept and how to distribute KI for their students. These schools have received instructions for requesting KI.

    Residents who have questions about the KI tablets can also talk to their family physicians and pediatricians about whether or not there are specific reasons why KI should not be taken.

    For additional information about potassium iodide, visit www.health.state.pa.us or call 1-877-PA-HEALTH.

  • Bruce Unit 4 Returns To Service

    Unit was offline for brief work

     - By Linton Levy -

    Unit 4 at the Bruce A generating station has returned to service following an outage that began Aug. 26 to perform maintenance on a governor valve on the conventional side of the station.

    Units 3,5,6,7 and 8 all remain at high power.

    Bruce Power is Canada’s first private nuclear generating company and the source of more than 20 percent of Ontario’s electricity. Located approximately 250 kilometres northwest of Toronto, Bruce currently operates six reactor units and is  in the process of restarting two more at the Bruce A generating station. Once restarted, those units will boost our total output to nearly 6,300 megawatts of emissions-free electricity.

  • NRC Will Hold Public Meeting On Palo Verde

    NRC staff will meet with APS officials Next Month

     - By Stephen Heiser -

    U.S. Nuclear Regulatory Commission staff will meet with Arizona Public Service Co. officials on Sept. 10 to discuss the status of performance improvements at the Palo Verde Nuclear Generating Station. APS operates the plant, located 55 miles west of Phoenix, Ariz.

    The meeting, which will be open to public observation, will begin at 6 p.m. in the board room of the Saddle Mountain Unified School District Office, 38201 W. Indian School Road, Tonopah, Ariz.

    APS officials will present a briefing on the status of performance improvements at Palo Verde. The public will have an opportunity to observe and ask questions of NRC staff before the meeting is adjourned.

  • Atlantis Gets Cdn$700,000 Bridge Financing

    Company customers in military aviation, civil aviation and nuclear energy ensure the feasibility, capability, and effective utilization of their complex assets

     - By Abby Gessner -

    Atlantis Systems Corp. has announced that it has secured a Cdn$700,000 bridge financing for the purposes of providing additional working capital from CEO Capital Corp., a corporation controlled by Mark Rivers, the Chairman of Atlantis Systems Corp.
    In connection with the financing, Atlantis will issue to CEO Capital Corp. purchase warrants to acquire 500,000 common shares at an exercise price of $0.02 per share for a period of two years. The issuance of warrants is subject to approval by the Toronto Stock Exchange.

    "The bridge financing allows us to continue to invest in projects and ramp up our resources as we begin to tackle some of the new contracts that have recently been awarded to Atlantis", said Henrik Noesgaard, CEO of Atlantis Systems Corp. "These funds ensure that we continue to provide the appropriate level of service to our customers and stay on track with existing programs", Mr. Noesgaard added.

    "This bridge financing facility demonstrates the commitment and support from Atlantis' board of directors. This facility helps to fund the growth in our backlog, which we have started to build for the first time in three years", said Mark Rivers, Chairman of the board of directors of Atlantis Systems Corp. "As we continue with our turnaround, focusing on business development and adding to our backlog, Atlantis will require additional working capital. I am happy to say that we will continue to support Atlantis and ensure the company has adequate resources to deliver on contracts", Mark added.


    Atlantis Systems uses its core capabilities in simulation-aided design and engineering and e-learning, combined with various technology tools, to help customers in military aviation, civil aviation and nuclear energy ensure the feasibility, capability, and effective utilization of their complex assets. In more than 30 years of operation, Atlantis has developed a solid reputation for its creative workforce and innovative solutions in supporting global OEM customers and defence organizations.

  • Administrator Highlights NNSA’s Safety Record

    Remarks made to 2009 Integrated Safety Management Conference

     - By Abby Gessner -

    National Nuclear Security Administration Administrator Thomas D’Agostino addressed the 2009 Department of Energy Integrated Safety Management (ISM) Conference in Knoxville, Tenn., on Wednesday, August 26.  In his remarks, Administrator D’Agostino highlighted the NNSA’s track record of developing innovative approaches to workplace safety.  And, while he noted the improvements in NNSA’s safety record over the years, the Administrator highlighted the need to ensure that workers across the nuclear security enterprise never become complacent in their approach to safety.

    Since it was first introduced in 1996, the Integrated Safety Management system is the tool the U.S. Department of Energy and the National Nuclear Security Administration use to build a safe, secure and environmentally sound workplace. The annual conference provides an opportunity for attendees to hear from DOE and NNSA leadership and share ideas and best practices regarding safety and security across the enterprise.  This year, more than 950 people from DOE, NNSA, the contractor community and site offices across the enterprise participated in the ISM conference.

    The text of the Administrator’s remarks as prepared for delivery can be found on the NNSA website.

    The following are excerpts of those remarks: 

    • On the Need for Constant Vigilance:  “My views on safety were established very early in my career as a submarine officer.  We prided ourselves in our safety culture, attention to detail and quality.  After all, our lives were on the line, right?  Well, pride can be a dangerous thing.  From my experience, our pride in our safety record led to complacency, and that complacency led to me witnessing a horrific accident onboard the U.S.S. Skipjack in 1984.  That accident has stayed with me for many decades, and that is why I fully support ISM and this conference… The Department of Energy and NNSA should be justifiably proud of their safety record and improvements made.  However, we should never let pride lead to complacency.  Your commitment to safety and this conference give me the confidence that we will remain vigilant.”
    • On President Obama’s Nuclear Security Agenda: “Over the coming months, President Obama will be advancing his program to bolster U.S. leadership in reducing global nuclear dangers.  Because of our core capabilities, NNSA and the Department of Energy will play a critical role in this effort.  Our commitment to safety is tied to that.  Many of the major programs that will be required to meet the President’s nuclear security agenda and maintain the safety, security and reliability of our nuclear deterrent are major construction projects like the Highly Enriched Uranium Manufacturing Facility (HEUMF) right here at Y-12.”
    • On Reforming the Nuclear Security Enterprise:  “In keeping with Secretary Chu’s commitment to bringing reform to the Department, I established an internal Enterprise Reengineering Team to identify Complex-wide reform initiatives that will change the way we in the NNSA do business.   The response was terrific. The ERT received over 100 recommendations from Headquarters, the Site Offices, the Service Center, and the national laboratories and production plants. I have set up team leads to work on the issues raised in those recommendations.  The ultimate goal is to streamline the Federal/contractor relationship with clear roles, responsibilities, and accountability between Federal and contractor employees to significantly enhance our ability to more effectively accomplish our programmatic missions.  Improving safety at our sites without adding onerous new regulatory and governance burdens is a key part of this.  Reform means bringing best practices to all areas of what we do, including safety.”
    • On NNSA’s Seamless Safety for the 21st Century (SS21) Campaign: “For example, our Pantex site has been a trailblazer in merging best business practices with best safety practice.  They adopted the principals of a High Reliability Organization (HRO) and have utilized advanced tools like Human Performance Improvement (HPI), Behavioral Based Safety, and a robust Causal Factor Analysis Program.  As a result, there has been over a 90% improvement in quality (96% fewer defects) and a 44% reduction in total reportable cases of safety concern.  This was all accomplished with an 82% increase in production.   That’s not a coincidence.  This was done deliberately.  And it was done by working closely with the DNFSB and implementing a program we called SS21, or Seamless Safety for the 21st Century.  It took time and money to do this, but the results have been nothing short of remarkable.  As I said, we doubled production, we improved quality, and we reduced reportable safety concerns by almost 50%.”
    • On Incentivizing Safety in the Nuclear Security Enterprise:  “Let me tell you a story about the importance of the workforce… The Nevada Test Site has instituted a new program to financially reward people for providing suggestions to improve operations.  Several suggestions have led to improved safety with a 70% reduction in safety incidents.  In one case, an employee responsible for covering equipment and material in large truck beds suggested an automatic truck covering system.  The new system eliminated the need for employees to climb up on top of large loads and balance as they attempted to cover this material.  This individual received a $5,000 award for his efforts.”
  • NRC Issues Final Safety Evaluation Report For Susquehanna Plant License Renewal

    No open items that would preclude license renewal for an additional 20 years of operation

     - By Stephen Heiser -

    The Nuclear Regulatory Commission has issued its final safety evaluation report (SER) for the proposed renewal of the operating licenses for the Susquehanna Steam Electric Station, Units 1 and 2, and concluded that there are no open items that would preclude license renewal for an additional 20 years of operation.

    The report documents the results of the NRC staff’s review of the license renewal application and site audits of the plant’s aging management programs to address the safety of plant operations during the period of extended operation. It represents the culmination of NRC’s comprehensive review of the application and inspection of the plant to verify license renewal implementation is consistent with the application. Overall, the results show that the applicant has identified actions that have been or will be taken to manage the effects of aging in the appropriate safety systems, structures and components of the plant and that their functions will be maintained during the period of extended operation.

    Issuing the final SER is a significant milestone in the license renewal review process. This process proceeds along two tracks – one for review of safety issues and another for environmental issues. The SER marks the completion of the NRC staff’s safety review that is published and subsequently reviewed and publicly discussed by the agency’s Advisory Committee on Reactor Safeguards (ACRS). The staff is in the process of reviewing the environmental part of the Susquehanna plant’s license renewal application. That review must be completed before a final decision is made on the renewal.

    The SER and the license renewal application have been provided to the ACRS, an independent body of experts that advises the Commission on reactor safety matters. The ACRS will discuss the SER during its September meeting, details of which will be posted on the NRC Web site at: http://www.nrc.gov/reading-rm/doc-collections/acrs/agenda/2009/. The ACRS will later issue a letter discussing the results of its review.

    PPL Susquehanna, LLC submitted an application to the NRC in September 2006 to extend the Susquehanna Steam Electric Station licenses by 20 years for each unit. The plant is located in Salem Township about five miles northeast of Berwick, Pa. The current 40-year operating licenses for Susquehanna Steam Electric Station, Units 1 and 2 are due to expire on July 17, 2022 and March 23, 2024, respectively.

    In a letter dated Aug. 27, Brian Holian, director of the Office of Nuclear Reactor Regulation’s Division of License Renewal, provided PPL Susquehanna, LLC with the SER. The SER will be available on the NRC’s Web site at: http://www.nrc.gov/reactors/operating/licensing/renewal/applications/susquehanna.html.

    Documents related to Susquehanna Steam Electric Station, Units 1 and 2 are also located at the following locations: McBride Memorial Library, 500 N. Market St., Berwick, and at the Mill Memorial Library, 495 E. Main St., Nanticoke, Pa.

    Additional information concerning license renewal in general and the Susquehanna Steam Electric Station, Units 1 and 2 application in particular can be found at: http://www.nrc.gov/reading-rm/doc-collections/fact-sheets/license-renewal-bg.html and http://www.nrc.gov/reactors/operating/licensing/renewal.html,  respectively.

  • Vogtle Gets Early Site Permit

    Major step in the Nuclear Regulatory Commission's new, streamlined licensing process

     - By Stephen Heiser -

    The Nuclear Regulatory Commission today issued an Early Site Permit (ESP) for the two new units of the Vogtle Electric Generating Plant in Waynesboro, Ga. Plant Vogtle is owned by Georgia Power, Oglethorpe Power Corporation, the Municipal Electric Authority of Georgia [MEAG Power] and Dalton Utilities.

    The ESP is another step in the Nuclear Regulatory Commission's (NRC) new, streamlined licensing process designed to reduce regulatory uncertainty by completing the process in stages. Completion of the ESP process resolves many site-related safety and environmental issues, determines that the site is suitable for construction of a nuclear energy plant and successfully demonstrates the NRC's licensing process. Southern Nuclear filed an application for the ESP in August 2006.

    "This is an important step for the Vogtle project, because the demand for electricity in the Southeast, and particularly in Georgia, will continue to grow," said Mike Garrett, president and CEO of Georgia Power. "The new Vogtle units will help meet our growing energy needs by providing safe, reliable and economical electricity with a zero-emission technology. The project represents a $14 billion capital investment in Georgia that will create thousands of construction jobs and 800 permanent jobs once the units are operational."

    "Receiving this ESP on behalf of Plant Vogtle co-owners is a significant accomplishment for Southern Nuclear and for the nuclear industry," said Buzz Miller, executive vice president of nuclear development for Georgia Power and Southern Nuclear. "Southern Nuclear's ESP is the first one in the industry based on a specific technology, the Westinghouse AP1000. It is also the first ESP that includes a Limited Work Authorization (LWA) which allows for certain safety-related activities to begin prior to receiving a Combined License (COL) from the NRC."

    In addition to the ESP, in March 2008, Southern Nuclear filed an application for a Combined License (COL) at the Vogtle site. The COL provides one license to construct and operate a nuclear power plant. The COL application is under review by the NRC. Pending appropriate approvals, Unit 3 will begin operating in 2016 and Unit 4 will become operational in 2017.

    Southern Nuclear, a subsidiary of Southern Company, operates the Edwin I. Hatch Nuclear Plant near Baxley, Ga., the Joseph M. Farley Nuclear Plant near Dothan, Ala. and the Alvin W. Vogtle Electric Generating Plant near Waynesboro, Ga.

    Georgia Power is the largest subsidiary of Southern Company, one of the nation's largest generators of electricity. The company is an investor-owned, tax-paying utility with rates well below the national average. Georgia Power serves 2.3 million customers in all but four of Georgia's 159 counties.

    Oglethorpe Power Corporation is the nation's largest power supply cooperative with approximately $5 billion in assets serving 38 Electric Membership Corporations which, collectively, provide electricity to 4.1 million Georgia citizens. Its diverse energy portfolio includes natural gas, hydroelectric, coal and nuclear generating plants with a combined capacity of approximately 5,200 megawatts (MW), as well as purchased power. Oglethorpe Power is the nation's largest electric cooperative in terms of assets, annual kilowatt-hour sales and ultimate consumers served.

    The Municipal Electric Authority of Georgia (MEAG Power) is a public generation and transmission organization providing power to 49 Georgia communities with annual electric sales of $772 million and 10.6 million megawatt-hours of delivered energy in 2008.

    Dalton Utilities has operated as a public utility since 1889. Dalton Utilities provides potable water, electrical, natural gas and wastewater treatment services to the City of Dalton and portions of Whitfield, Murray, Gordon, Catoosa and Floyd counties. Dalton Utilities serves approximately 65,000 customers.

    With 4.4 million customers and more than 42,000 megawatts of generating capacity, Atlanta-based Southern Company (NYSE:SO) is the premier energy company serving the Southeast. A leading U.S. producer of electricity, Southern Company owns electric utilities in four states and a growing competitive generation company, as well as fiber optics and wireless communications. Southern Company brands are known for excellent customer service, high reliability and retail electric prices that are below the national average. Southern Company is consistently listed among the top U.S. electric service providers in customer satisfaction by the American Customer Satisfaction Index (ACSI). Visit our Web site at www.southerncompany.com.

  • Bruce Unit Four Offline For Maintenance

     Other units remain at normal power

     - By Stephen Heiser -

    Unit 4 at the Bruce A generating station has been taken offline for what is expected to be a brief outage to allow workers to perform maintenance on a governor valve on the conventional side of the station. Units 3,5,6,7 and 8 remain at high power.


    Bruce Power is Canada’s first private nuclear generating company and the source of more than 20 percent of Ontario’s electricity. Located approximately 250 kilometres northwest of Toronto, Bruce currently operates six reactor units and is  in the process of restarting two more at the Bruce A generating station. Once restarted, those units will boost our total output to nearly 6,300 megawatts of emissions-free electricity.

  • NRC Awards Atomic Education Grants

    Grants total nearly $20 million to 70 institutions to boost nuclear education and expand the workforce

     - By Abby Gesssner -

    The Nuclear Regulatory Commission has awarded nearly $20 million to 70 institutions to boost nuclear education and expand the workforce in nuclear and nuclear-related disciplines. Congress provided the NRC funding for a $5 million Educational Curriculum program and an additional $15 million to supplement the NRC’s grant program for scholarships and fellowships,  faculty development, trade schools, and community colleges, with $5 million of this amount designated for the Integrated University Program. The Integrated University Program funds are coordinated and awarded through the NRC, Department of Energy, and National Nuclear Security Administration to support multi-year research projects that do not align with programmatic  missions but are critical to maintaining nuclear engineering and science.

    “As directed by the Congress, this funding provides broad benefits to the nuclear sector rather than solely benefitting the NRC. These grants help develop a workforce capable of the design, construction, operation and regulation of nuclear facilities and the safe handling of nuclear materials,” said NRC Chairman Gregory B. Jaczko. “This year the agency expanded the number of institutions receiving grants from 60 to 70, and increased the number of grants to minority serving institutions by 67 percent.” 
     
    The NRC awarded 102 grants for scholarships (2.9 million) fellowships ($5.4 million), faculty development ($4.8 million), trade and community college scholarships ($1.8 million) and  nuclear education and curriculum development ($4.8 million). Recipients are located in 29 states, the District of Columbia and Puerto Rico. 

    Grant proposals were reviewed against specific criteria by a panel comprised of senior
    NRC staff and qualified outside reviewers. The panel composition was diverse with most reviewers having both experience reviewing proposals for government agencies and advanced credentials in nuclear engineering, health physics, radiochemistry and related disciplines. Each panelist had to certify that they did not have any conflicts of interest for the proposals they evaluated.

    The contacts for more information on these grants are as follows:  Technical questions should be directed to either John Gutteridge, at 301-492-2313, for the $15 million program or Randi Neff, at 301-492-2301, for the $5 million program.  Both are in the Office of Human Resources. Administrative questions should be directed to Kathleen Shino, at 301-492-3636, in the Division of Contracts.
     The list of grants follows; additional details will be posted on the NRC’s Web site at http://www.nrc.gov/about-nrc/grants/awards.html. In addition, a copy of the NRC Grant Award documents will be made available publicly in the NRC's Agencywide Documents Access and Management System (ADAMS) through the NRC's Web site at www.nrc.gov/reading-rm/adams.html. Help in using ADAMS is available from the NRC Public Document Room at 301-415-4737 or 1-800-397-4209.

  • Titan Uranium To Acquire 100% Interest In Sheep Mountain

    An initial cash payment of $850,000 for Sheep Mountain and for the Hollie claims; followed by a payment of US$2,000,000 if the month-end spot uranium price

     - By Abby Gessner -

    Titan Uranium Inc. has announced that it has entered into a definitive agreement (with Uranium One Inc. to acquire the 50% interest held by Uranium One in the Sheep Mountain property, Fremont County, Wyoming. This will result in Titan holding a 100% interest in the property which hosts an NI 43-101 compliant Inferred Resource of 15.6 million pounds of U3O8. In conjunction with this transaction, Titan will acquire Uranium One's 50% interest in the Hollie claims, Emery County, UT and transfer its 50% interest in the Breccia Pipe project, AZ and the Burro Canyon project in Colorado to Uranium One.

    The terms of the agreement include:
    - An initial cash payment of US$850,000 for Sheep Mountain and for the Hollie claims;
    - A payment of US$2,000,000 if the month-end spot uranium price reported by Ux Consulting Company exceeds US$65.00 per pound within three years of the closing date, payable within six months;
    - A further payment of US$4,000,000 if the month-end spot uranium price reported by Ux Consulting Company exceeds US$85.00 per pound within three years of the closing date, payable within twelve months;
    - Titan will assume the full amount of the reclamation bond for the property on closing (total bond amount is US$2.1M of which Titan has already contributed 50%);
    - A credit of US$500,000 payable to Titan on closing, as payment for the transfer of Titan's 50% interest in the Breccia Pipes project in Arizona and in the Burro canyon project in Colorado to Uranium One; and
    - The termination of the existing Joint Venture between the two companies.

    Closing of the transaction is expected to take place by the end of September, 2009.
    Brian Reilly, President of Titan commented, "This acquisition is a significant milestone in our growth strategy and positions the company as a potential near term uranium producer in a mining jurisdiction that has a long history of uranium production."

    The Sheep Mountain deposit has an NI 43-101 compliant Inferred Resource of:
    4,560,000 tons, average grade of 0.17% eU3O8, (15.6 million lbs contained U3O8).
    This resource estimate was reported in a technical report on the Sheep Mountain uranium project, prepared for Uranium Power Corp. (UPC) by Scott Wilson Roscoe Postle Associates Inc. and authored by C. Stewart Wallis, P. Geo. dated October 10, 2006. Additional information including the estimation method and cut-off grade may be found in the report which was filed on UPC's SEDAR profile on October 12, 2006.

  • Splitting Hairs and Atoms with Randy Brich: The Great Technology Race – Part I

    The next two weekly columns focus on the Secretary of Energy’s recent Energy Challenge to the national labs and consists of two parts detailing a race among various energy producing technologies.   Part I describes the goals, guidelines and need for the race.  Part II conceptualizes the race. 

    The Great Technology Race – Part I
     - By Randy Brich -

    After winding its way up from Keystone, South Dakota, Iron Mountain Road summits at 5400 feet in the heart of the South Dakota Black Hills before beginning its long and exciting 15 mile descent down the back side of the mountain.  An island of solid granite suspended in a sea of Ponderosa Pine, the Norbeck Overlook is a memorial to Peter Norbeck (1870 – 1936). 

    click for full sizeAs Governor and later Senator Norbeck’s visionary revelations resulted in the creation of The Needles Highway, Iron Mountain Road and other scenic drives through South Dakota’s natural wonderlands.  His contemporaries and critics called the projects unnecessary, foolhardy and impossible, which, at the time seemed reasonable as roads had never before been built in such challenging environments.

    The Norbeck Overlook commands attention, especially if you’ve just pedaled your bike up to it from Keystone, 5.5 miles and 1122 feet below.  From the overlook, Mt. Rushmore (the Shrine of Democracy, another of Norbeck’s success stories) clings to the side of the distant mountain while Harney Peak, the tallest peak east of the Rockies, lies to its west.   

    Norbeck had a gift: he saw things others could not see; he heard music others could not hear; he saw the future where others couldn’t see beyond the present.  His imagination resulted in the construction of roads that today are modern day wonders – ingenious pigtail bridges and single lane byways leading to tunnels carved through two billion year old granite. 

    A monument stands at the summit of Norbeck Overlook revering this visionary leader – a leader who asked the difficult questions and kept moving forward despite the answers naysayers often gave.  Modern day bicyclists thank him for his perseverance and I can’t help but wonder how Norbeck knew that they could create the marvels we enjoy today, some 80 years later, using only the tools available to them at the time.  With the tools of the day the road builders made Norbeck’s dream a reality which allows us to pedal our bikes, drive our cars or ride our motorcycles through some of the most scenic areas in the entire state of South Dakota. 

    In today’s world we have tools and machines for every conceivable application.  Yet, somehow we are stymied when it comes to creating large amounts of reliable carbon free electricity.  Energy policy followers know that Steven Chu, the first scientific Secretary of Energy who also happens to be a Nobel Prize winning physicist, has issued an Energy Challenge to the National Laboratories.  His talk http://www.youtube.com/watch?v=_UkKWmPsouE at Pacific Northwest National Laboratory in Washington State recently emphasized the need for technology development to solve the twin threats of irreversible climate change from burning of fossil fuels and escalating geopolitical conflicts due to conventional oil running out. 

    Chu’s message is powerful, timely, and worthy of the attention an S-1 can give; however, will throwing money (R&D) at the problem solve it?  Or, do we need something else to bridge the gap until real energy alternatives are invented, proven and mass-produced?  Similar to Norbeck’s application of existing tools to create miracles we still enjoy today, perhaps there are technologies that could be mass-produced now and plugged into the existing grid to buy us some time until the technologies the National Laboratories are working on come to fruition?

    One way to find out if existing technologies can make a dent in the problem as outlined by Chu would be to hold a virtual race.  The race would consist of simulations to see which technologies hold the most promise to provide a reliable replacement for coal and natural gas.  The technology with the most potential might be wind, solar, geothermal, biomass or nuclear.  But, if you don’t compete them against each other you might not ever really be sure that you’re emphasizing the right technology. 

    In order to select a winning technology we’ll need to have some goals, such as:

    Produce the greatest amount of energy in the least amount of time with the smallest footprint using the least amount of materials while producing the fewest emissions. 

    Let’s put the finish line at one Terawatt (1,000,000,000,000 watts). 

    Click in to Nuclear Street next Wednesday for Part II of The Great Technology Race.

    About Randy Brich
    Randy graduated from South Dakota State University in 1978 with a M.S. in Biology.  Following graduation he switched gears and began a lifelong study of ionizing radiation and its beneficial applications to humanity.  During the course of his study he worked as a staff Health Physicist with the Nuclear Regulatory Commission specializing in the licensing and inspection of uranium recovery facilities.  He transferred to the Department of Energy where he worked as a Health Physicist at the Randy BrichNevada Operations Office and later to the Richland Operations Office specializing in environmental monitoring, dose reconstruction, worker protection, waste cleanup and systems biology.

    Since then he has retired from the federal government and, after taking time out to build an energy efficient house near the Missouri River, has formed Diamond B Communications LLC.  Diamond B Communications LLC uses a multimedia approach to explain complex energy resource issues to technical and non-technical audiences.  He also guides for Dakota Bike Tours, the Relaxed Adventure Company, offering tours of the Badlands National Park, the Black Hills and Devils Tower National Monument.

    If you have questions, comments, or know of a book that you think Randy should review Email Randy Brich>> randy@nuclearstreet.com 

  • Duke Energy Adds Two New Directors

    An impressive resume in nuclear at a time when we are considering building two new stations 

     - By Stephen Heiser -

    Duke Energy's board of directors increased its size from 10 to 12 members with the election today of John H. Forsgren and E. James Reinsch.

    Forsgren is the retired vice chairman, executive vice president and chief financial officer of Northeast Utilities. He brings 35 years of experience in the field of corporate finance. He holds a bachelor's degree from Georgetown University, an MBA from Columbia University and a Master's in International Finance and Management from the University of Geneva, Switzerland.

    Reinsch is senior vice president and partner of Bechtel Group, and past president of Bechtel Nuclear. He brings more than 37 years of nuclear experience from Bechtel's three nuclear business segments - nuclear operating plant services, steam generator replacement, and new nuclear generation.

    "John and Jim bring a wealth of knowledge and experience in two key areas of our business. John will be a tremendous asset as we modernize our infrastructure during these challenging economic times, while Jim provides an impressive resume in nuclear at a time when we are considering building two new stations," said Duke Energy chairman, president and CEO Jim Rogers.

    Duke Energy is the third largest electric power holding company in the United States, based on kilowatt-hour sales. Its regulated utility operations serve approximately 4 million customers located in five states - North Carolina, South Carolina, Indiana, Ohio and Kentucky -- representing a population of approximately 11 million people. Duke Energy's commercial power and international business segments operate diverse power generation assets in North America and Latin America, including a growing portfolio of renewable energy assets in the United States.

    Headquartered in Charlotte, N.C., Duke Energy is a Fortune 500 company traded on the New York Stock Exchange under the symbol DUK. More information about the company is available on the Internet at: www.duke-energy.com.

  • Nuclear Plant Plans Innovative Lighting Solution

    To illuminate its main employee parking areas, Edison is equipping the site with solar-powered LED lights

     - By Abby Gessner -

    One of California’s largest state utilities, Southern California Edison (SCE), is lighting up the night with solar technology at its San Onofre Nuclear Generating Station (SONGS). To illuminate its main employee parking areas, Edison is equipping the site with solar-powered LED lights from Carmanah Technologies. By using solar technology as an alternative to traditional grid-powered lights, the EverGEN 1500-series lighting system can provide a reliable source of bright uniform illumination while avoiding the costs and challenges typically associated with trenching, cabling, and accessing electrical grid power.

    Featuring custom BetaLED light fixtures, Carmanah solar-powered lights offer superior output and performance in accordance with IESNA (Illuminating Engineering Society of North America) guidelines. A full-cutoff “Dark Sky”-friendly design directs light only where needed (preventing glare or spillover of light onto neighboring properties or into the night sky), while integrated energy management capabilities ensure optimal lighting performance year round. With no bulbs to replace and a five-year battery life, the EverGEN 1500 lights will help Southern California Edison reduce maintenance and operating costs while serving as a lasting, practical investment in renewable energy technology.

    EverGEN 1500-series solar LED lights are available now from Carmanah Technologies.

    As one of the most trusted names in solar technology, Carmanah has earned a reputation for delivering strong and effective products for industrial applications worldwide. Industry proven to perform reliably in some of the world's harshest environments, Carmanah solar LED lights and solar power systems provide a durable, dependable and cost effective energy alternative. Carmanah is a publicly traded company, with common shares listed on the Toronto Stock Exchange under the symbol "CMH”.

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