Nuclear Power Industry News

Browse by Tags

• 2009
• 2010
• ABWR
• acquisitions
• Advanced Boiling Water Reactor
• agreement
• atomic
• Baltimore
• boiling water reactor
• boxer
• BWR
• certification
• Conference Call
• costs
• court
• cps
• CPS Energy
• cps Energy' cps
• crane
• David Crane
• decision
• demand
• development
• earnings
• ebitda
• ENERGY
• Exelon
• finacials
• financials
• full year
• GE
• hostile takeover
• howard cosgrove
• income
• Japan
• jobs
• John Rowe
• lawsuit
• legal
• letter
• license
• litigation
• merger
• mergers
• mergers and acquistions
• ncs 2009
• negotiations
• nina
• NRC
• NRG
• nuclear
• Nuclear Construction Summit USA 2009
• Nuclear Innovation in North America
• Nuclear Innovation North America
• Nuclear Innovation North America (nina)
• Nuclear Regulatory Commission
• numbers
• open letter
• power
• proxy
• quarterlies
• Reliant
• reporting
• response
• results
• S&P 500
• sales
• senate
• shareholders
• shares
• South Texas Project
• stock
• stock exchange
• stockholders
• STP
• STP Nuclear Operating Company
• Takeover
• terminate
• testimony
• Toshiba
• unit
• vote
• voting

• NRG Energy Reports Q4 Numbers And Record Full Year 2009

  On February 17, 2010, an agreement in principle was announced among CPS Energy, NRG and its subsidiary Nuclear Innovation in North America (NINA), whereby NINA would acquire control of the STP 3 & 4 project, with an increase in ownership to 92.375% from 50% as part of a settlement of the litigation between the parties - By April Murelio - NRG Energy, Inc. for the year end December 31, 2009, reported net income of $941 million, or $3.44 per diluted common share, compared to $1,225 million, or $4.43 per diluted common share, for the full year 2008. Income from continuing operations before income taxes was $97 million lower in 2009 than in 2008 as contributions from the wholesale business declined in 2009, primarily due to a decrease of $776 million of pre-tax mark-to-market gains and $199 million lower contract amortization revenue. 2009 results benefited from the Reliant Energy acquisition as the segment generated $966 million of pre-tax income during the eight months ended December 31, 2009. Non-recurring operating expenses during 2009 included $31 million of Exelon defense costs and $54 million of transaction and integration costs associated with the Company’s acquisition of Reliant Energy. ... Posted Feb 25 2010, 08:05 AM by steveheiser with | with no comments Filed under: NRG, CPS Energy, South Texas Project, STP, NRG Energy, quarterlies, 2010, finacials, 2009, cps, nina, full year, Nuclear Innovation in North America

• Nuclear Innovation North America Moving Forward With South Texas Project Expansion

  Proposed settlement with CPS Energy maintains strength and momentum of the nuclear expansion - By Stephen Heiser - Nuclear Innovation North America LLC (NINA), the nuclear development company jointly owned by NRG Energy, Inc. and Toshiba Corporation, has reached an agreement with CPS Energy. NINA will increase its ownership in the South Texas Project (STP) units 3&4 and assume full management control for the project, enabling the STP expansion to move forward. The agreement remains subject to final documentation and CPS Board approval which will be requested at its meeting on February 22, 2010. ... Posted Feb 19 2010, 08:55 AM by steveheiser with | with no comments Filed under: NRG, Toshiba, CPS Energy, jobs, agreement, ENERGY, nuclear, power, South Texas Project, Nuclear Innovation North America, STP, NRG Energy, unit, nina

• NRG Energy Added To The S&P 500 Index

  We are honored to be grouped among the most-widely held companies in leading industries across the country - By Linton Levy - NRG Energy, Inc.’s (NYSE: NRG) common stock has been added to the Standard and Poor’s 500 Index. The S&P 500, a marketvalue-weighted index, is the world’s most followed stock market measure and is seen as the benchmark standard to measure overall U.S. equity market performance. ... Posted Feb 02 2010, 08:50 AM by steveheiser with | with no comments Filed under: NRG, stock, shares, ENERGY, nuclear, power, NRG Energy, stock exchange, S&P 500

• NRG Conference Call On Friday Will Discuss STP 3&4 Nuclear Project

  NRG Energy Inc. to Hold Conference Call on Friday, January 29 to Discuss STP 3&4 Nuclear Project Status in Light of CPS Litigation - By Stephen Heiser - NRG Energy, Inc. has scheduled a conference call on Friday, January 29 at 8:00 am eastern to discuss the STP 3&4 nuclear project status in light of the ongoing dispute with our partner, CPS Energy, the municipal utility of San Antonio. ... Posted Jan 28 2010, 08:05 AM by steveheiser with | with no comments Filed under: NRG, Conference Call, STP, NRG Energy, STP Nuclear Operating Company, litigation, cps Energy' cps

• District Court Rejects NRG's Contract Interpretations; CPS Energy Prepared For Trial

  The judge specifically rejected NRG’s contention, that if CPS Energy were to withdraw from the STP expansion it would forfeit its entire interest in the project - By Linton Levy - After more than a dozen motions filed against CPS Energy by NRG Energy since Dec. 30, Bexar County District Judge Larry Noll, has denied NRG Energy’s motion for summary judgment. ... Posted Jan 28 2010, 08:03 AM by steveheiser with | with no comments Filed under: NRG, CPS Energy, South Texas Project, STP, NRG Energy, decision, cps, court, litigation

• NINA Responds To CPS Legal Action

  Nuclear Innovation North America Responds to CPS Energy Lawsuit - By Stephen Heiser - Nuclear Innovation North America LLC (NINA) has responded in a legal filing to the lawsuit CPS Energy filed on Sunday, December 6, 2009. “NINA’s goal is to work with our partners to find mutually agreeable solutions, not to file lawsuits against them,” said Steve Winn, NINA Chief Executive Officer. “That said, the CPS Energy lawsuit against NINA requires a legal response and we filed our response today. Our mutual goal should now be to withdraw these lawsuits and move forward with effective discussions. We are prepared to act simultaneously with CPS Energy to withdraw our respective filings.” ... Posted Dec 28 2009, 08:43 AM by steveheiser with | with 4 comment(s) Filed under: Toshiba, CPS Energy, ABWR, Advanced Boiling Water Reactor, nuclear, South Texas Project, Nuclear Innovation North America, STP, NRG Energy, legal, lawsuit, response, nina

• NCS 2009: Creating Cost Certainty For Nuclear Development

  Part of a Special Section covering the Nuclear Construction Summit USA 2009, October 26-27 – Washington DC The Nuclear Construction Summit, USA 2009 was attended by professionals who finance, plan and develop next nuclear projects. Professionals delivered information that will form blueprints for... Posted Nov 23 2009, 08:50 AM by steveheiser with | with no comments Filed under: boiling water reactor, NRG, Toshiba, ABWR, license, Advanced Boiling Water Reactor, nuclear, BWR, NRG Energy, development, Nuclear Construction Summit USA 2009, ncs 2009, Nuclear Innovation North America (nina)

• CPS Energy Gets Pledge From Toshiba To Reduce Nuclear Power Estimate

  Contractors pledged to provide a new, lower cost estimate no later than Dec. 31, 2009 - By April Murelio - According to a report in the San Antonio Business Journal, The San Antonio community should receive a revised cost estimate on the cost of building two new nuclear reactors at the South Texas Project... Posted Nov 18 2009, 08:45 AM by steveheiser with | with no comments Filed under: NRG, Toshiba, CPS Energy, ENERGY, nuclear, power, South Texas Project, costs, NRG Energy, negotiations, cps

• NRG Energy, Reports Record Q3 Results; Initiates 2010 Guidance

  Adjusted EBITDA, excluding MtM impacts, was a record of $906 million for the third quarter of 2009 compared to $682 million in the third quarter of 2008 - By April Murelio - NRG Energy, Inc. has reported net income for the three months ended September 30, 2009, of $278 million, or $1.02 per diluted common... Posted Nov 06 2009, 08:22 AM by steveheiser with | with no comments Filed under: earnings, financials, NRG, Reliant, NRG Energy, quarterlies, reporting, ebitda

• NRG CEO To Senate: Nuclear Power Advances And Advantages

  NRG Energy’s CEO, David Crane, Testifies Before Senate Committee on Climate Change Legislation: Emphasizes Importance of New Nuclear and Electric Vehicles - By Stephen Heiser - David Crane, CEO of NRG Energy, Inc., testified before the Senate Environment and Public Works Committee, chaired by Sen... Posted Oct 30 2009, 08:28 AM by steveheiser with | with 2 comment(s) Filed under: NRG, ABWR, Advanced Boiling Water Reactor, NRG Energy, crane, demand, senate, boxer, testimony

• Toshiba Becomes First Japanese Company To Get Greenlight To Build Reactor In U.S.

  The company has received orders for two reactors for a project being planned in the state of Texas by U.S. utilities NRG Energy Inc. and CPS Energy - Edited by Stephen Heiser - According to a report from Asia Pulse, Toshiba Corp. has been certified as a nuclear reactor supplier by the U.S. Nuclear Regulatory... Posted Oct 12 2009, 08:51 AM by steveheiser with | with 2 comment(s) Filed under: NRC, certification, GE, Japan, Toshiba, CPS Energy, ENERGY, nuclear, power, Nuclear Regulatory Commission, NRG Energy

• NRG Energy Reports Record Q2 Results

  Company reports net income for the three months ended June 30, 2009 of $433 million - By Stephen Heiser - NRG Energy, Inc. has reported net income for the three months ended June 30, 2009 of $433 million, or $1.56 per diluted common share, compared to $127 million, or $0.48 per diluted common share,... Posted Aug 03 2009, 08:45 AM by steveheiser with | with no comments Filed under: earnings, NRG, income, ENERGY, nuclear, power, NRG Energy, quarterlies, finacials, numbers, results, sales, atomic

• NRG Energy Reports Record Second Quarter Results

  Second Quarter 2009 Financial Highlights $722 million of cash from operations, a 66% increase compared to the second quarter of 2008 $747 million of adjusted EBITDA, excluding mark-to-market (MtM), versus $683 million in the second quarter of 2008 $230 million of adjusted EBITDA produced by Reliant Energy... Posted Jul 31 2009, 11:02 AM by steveheiser with | with no comments Filed under: earnings, NRG, ENERGY, nuclear, power, NRG Energy, quarterlies, finacials, numbers, results

• Exelon Drops Offer To Acquire NRG

  Exelon redoubles focus on stand-alone growth opportunities Exelon Corporation has announced that, effective immediately, it is terminating its pending offer to acquire all of the outstanding shares of NRG Energy, Inc. common stock at a fixed exchange ratio of 0.545 of a share of Exelon common stock for... Posted Jul 22 2009, 08:56 AM by steveheiser with | with no comments Filed under: acquisitions, Exelon, NRG, John Rowe, mergers and acquistions, NRG Energy, merger, terminate, crane

• Exelon Contends That It Will Abandon NRG Deal If No New Directors Are Elected

  Exelon Says Election of Nine New NRG Directors Would Create Opportunity for Negotiations and Additional Value for NRG Shareholders - By Linton Levy - Exelon Corporation has announced in a letter to NRG shareholders that the election of nine new independent NRG directors is a vote for negotiations that... Posted Jul 20 2009, 08:55 AM by steveheiser with | with no comments Filed under: mergers, acquisitions, Exelon, NRG, open letter, stock, shares, John Rowe, mergers and acquistions, NRG Energy, Takeover, proxy, vote, stockholders, hostile takeover, shareholders