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Nuclear Power Industry New is a blog about utilities, companies, suppliers in the nuclear energy market.
  • Constellation Energy Issues Statement On Baltimore Circuit Court Ruling

    Constellation Energy has issued the following statement regarding ruling by the Baltimore Circuit Court:

     - By Stephen Heiser -

    “We’re disappointed by today’s ruling in Baltimore Circuit Court. This is not a final ruling on the merits of our appeal. The judge determined that Constellation Energy’s appeal was premature and should be reheard, if needed, after the Maryland Public Service Commission completes its current proceeding related to the Constellation Energy-EDF Group nuclear joint venture. We continue to believe there is strong legal merit to our position that Maryland Public Service Commission approval of Constellation Energy’s pending nuclear joint venture with EDF Group is not required as a matter of law. Furthermore, the PSC order mandating this additional review on top of an already exhaustive and compelling record violates both the letter and spirit of the agreement Constellation Energy signed with Maryland in 2008.

    click for full size“Last year, the governor and chairman of the PSC signed an agreement specifically allowing a minority investment of this kind in our business in exchange for more than $2 billion in BGE customer benefits. Then, they challenged the very agreement they negotiated and signed. As such, we felt compelled to protect our legal rights, which is what any business or individual would do under the circumstances.

    “This investment by EDF is highly time-sensitive; nearly all regulatory authorities with legal standing have cleared EDF’s minority investment in Constellation Energy’s nuclear subsidiary, with the Nuclear Regulatory Commission (NRC) expected to issue its approval in the near future.

    “It's important to also recognize that completing the proposed EDF nuclear joint venture is essential to Constellation Energy being able to work through the next set of challenges related to a potential new nuclear energy facility at Calvert Cliffs. It is unrealistic to think that Constellation Energy will be able to raise the capital required for a project of this magnitude -including billions of dollars of private investment, thousands of new jobs and new, clean energy - if the perception persists that Maryland's business, regulatory and political environment is hostile to such transactions. Simply put, Constellation Energy's potential investment in a new nuclear facility at Calvert Cliffs 3 and the successful close of the Constellation-EDF joint nuclear venture are inseparable.

    “In this case, there is a real danger that justice delayed could be justice denied. Constellation Energy is reviewing its options and committed to defending its legal rights in this matter. Furthermore, we are committed to ensuring Maryland officials honor the agreement they signed with our company just last year, which clearly permits a transaction of this kind without PSC pre-approval. For the state of Maryland to be attractive to business now and into the future, it must honor its agreements. What could be more fundamental for representatives of state government than to honor the laws they adopt?”

  • Exelon Ups Offer To Acquire NRG Energy By 12.4 Percent

    Company Cites Additional Upside Value Identified Since Initial Offer; Also Shares Details on Financing

    - - By Linton Levy -

    Exelon Corporation has announced an increase in its offer to acquire all of the outstanding NRG common stock in an all-stock transaction with a fixed exchange ratio of 0.545 of a share of Exelon common stock for each NRG share, a 12.4 percent increase over the initial exchange offer of 0.485. Exelon’s increased offer represents value of over $3 billion to NRG shareholders.

    Exelon also filed today with the SEC an investor presentation that will be used as part of the company’s proxy solicitation for the election of nine new, independent directors to the NRG board of directors. In the presentation, Exelon cited approximately $1.5 billion of additional newly identified synergies as the primary reason for the increase. The new offer also reflects the value of NRG’s recent acquisition of the Reliant Energy retail business.

    John Rowe, chairman“We listened to NRG investors and balanced their views with the best interests of Exelon shareholders. An exhaustive analysis by our internal team, informed by the best third-party experts, resulted in additional synergies, allowing us to increase our offer to NRG shareholders,” said John Rowe, chairman and chief executive officer of Exelon. “Our track record of the Unicom-PECO merger, cost-cutting initiatives, and fleet optimization proves we can deliver this further value to Exelon and NRG shareholders. This is our best and final offer, and we will use the time leading up to the NRG annual meeting on July 21 to communicate the value of our new offer to NRG shareholders, encouraging them to vote for nine new independent directors who can unlock that value.”

    Exelon’s more detailed analysis of NRG’s structure, cost platform and operations assumes that the company would not only absorb NRG but also integrate and transform it. This approach, plant benchmarking, and application of Exelon’s management model to NRG’s assets yielded an estimated present value of $3.6 billion to $4.0 billion in operational synergies from areas including corporate/IT, fossil and nuclear fleet, trading, development, and retail operations. It reflects a 30 percent reduction in NRG’s O&M expense, which is consistent with prior power sector transactions and reflects Exelon’s track record of delivering cost reductions.

    In the presentation, Exelon also shared details on its financing plan to maintain its investment grade credit ratings while optimizing long-term shareholder value. Exelon says it is confident, based on discussions with its outside advisors, that the company will be able to meet all financing needs associated with the transaction, including the re-financing of $4.7 billion of NRG’s senior notes and other NRG debt, if necessary, while maintaining investment grade credit ratings.

    Exelon says it continues to pursue NRG because of the long-term value that can be created by industry consolidation. Exelon believes that the scope, scale and diversified risk of the combined company will allow it not only to withstand the ever-changing forces of the markets and regulation but also to grow and create more value than each company could on its own.

    Exelon says its offer will create immediate value for NRG shareholders and a commensurate value for Exelon shareholders. NRG shareholders will benefit from Exelon’s stronger investment grade balance sheet, low-carbon nuclear fleet, operating excellence, and a $600 million share in the synergies resulting from the combination. Exelon shareholders benefit from NRG’s assets, cash flow, and its own share of the synergies.

    “Together, the two companies would become the first national generation company,” said Rowe. “There is no model that can do more for shareholders of both companies than an Exelon-NRG combination.”

    Exelon conducted a conference call with investors Thursday to discuss this announcement and presentation. The call will be web-cast and archived on Exelon’s Web site: www.exeloncorp.com. (Please select the Investor Relations page.) Telephone replays will be available until July 16. The U.S. and Canada call-in number for replays is 800-642-1687, and the international call-in number is 706-645-9291. The conference ID number is 17092348.

    Exelon announced on June 17, 2009, that it had filed its definitive proxy materials with the Securities and Exchange Commission to solicit proxies from NRG shareholders at the NRG annual meeting of shareholders scheduled for July 21, 2009. In today’s presentation, Exelon urges all NRG shareholders to use the BLUE proxy card to vote in favor of proposals to expand the NRG Board and elect nine new, independent and experienced directors who will act in shareholders’ best interests to capture the highest shareholder value possible.

  • NRG Asks Shareholders To Hold Off On Taking Action Regarding Exelon Offer

    NRG Energy, Inc. Urges Stockholders to Take No Action on Revised Unsolicited Proposal from Exelon Corporation

     - By April Murelio -

    NRG Energy, Inc. has not received a revised proposal from Exelon Corporation but is aware, through Exelon’s news release and SEC filings, that Exelon has made a revised offer to acquire all of the outstanding shares of NRG Energy at a fixed exchange ratio of 0.545 Exelon shares for each NRG common share. NRG stockholders are advised to take no action at this time pending the review by NRG’s Board of Directors.

    NRG’s Board of Directors will carefully review Exelon’s revised proposal with its advisors and determine the appropriate response promptly.

    NRG Energy, Inc., a Fortune 500 company, owns and operates one of the country’s largest and most diverse power generation portfolios. Headquartered in Princeton, NJ, the Company’s power plants provide more than 24,000 megawatts of generation capacity—enough to supply more than 20 million homes. NRG’s retail business, Reliant Energy, serves more than 1.7 million residential, business, commercial and industrial customers in Texas. A past recipient of the energy industry’s highest honors—Platts Industry Leadership and Energy Company of the Year awards, NRG is a member of the U.S. Climate Action Partnership (USCAP), a group of business and environmental organizations calling for mandatory legislation to reduce greenhouse gas emissions. More information is available at www.nrgenergy.com.

  • Shaw Names Lee Elder Senior Vice President Power Group

    Elder will be responsible for business development activities and initiatives for the Fossil, Nuclear and Maintenance divisions

     - By Mark McFadden -

    The Shaw Group Inc. has announced Lee Elder has been named senior vice president of business development in the company’s Power Group. Mr. Elder joins Shaw from GE Hitachi Nuclear Energy, where he served as the senior vice president of Global Sales and Marketing. He was responsible for the sales of fuel fabrication, nuclear plant services and new nuclear plants projects throughout GE Hitachi’s global market. He previously held senior leadership positions at GE, Black & Veatch and Westinghouse and has been an active nuclear advocate throughout his career.

    At Shaw, Mr. Elder will be responsible for business development activities and initiatives for the Fossil, Nuclear and Maintenance divisions of the Power Group, using his 35 years’ experience in systems engineering, project management, sales and marketing. He will be located in Shaw’s Power Group headquarters in Charlotte, N.C.

    “With more than three decades of experience, Lee has the right leadership skills and vision to promote Shaw’s portfolio of full-service solutions to the power industry,” said Frederick W. Buckman, president of Shaw’s Power Group. “Lee is an excellent addition to the Power Group team, and we look forward to capitalizing on his expertise as Shaw continues to focus on meeting the global needs of our clients.”

    The Shaw Group Inc. is a leading global provider of technology, engineering, procurement, construction, maintenance, fabrication, manufacturing, consulting, remediation and facilities management services for government and private sector clients in the energy, chemicals, environmental, infrastructure and emergency response markets. A Fortune 500 company with fiscal year 2008 annual revenues of $7 billion, Shaw is headquartered in Baton Rouge, La., and employs approximately 26,000 people at its offices and operations in North America, South America, Europe, the Middle East and the Asia-Pacific region. Shaw is the power sector industry leader according to Engineering News-Record’s list of Top 500 Design Firms. For further information, please visit Shaw’s Web site at www.shawgrp.com.

  • China Valves Technology Gets $4.7 Million Purchase Order For Nuclear Forged Steel Valves

    Receives purchase orders for nuclear forged steel valves from China Guangdong Nuclear Power Group ("CGNPG") valued at $4.7 million

     - By Linton Levy -

    China Valves Technology, Inc.  a leading metal valve manufacturer with operations in the People's Republic of China (the "PRC"), has announced that its subsidiary Henan Kaifeng High Pressure Valve Co., Ltd. ("Kaifeng") received purchase orders for nuclear forged steel valves from China Guangdong Nuclear Power Group ("CGNPG") valued at $4.7 million.

    State-owned CGNPG is one of China's two leading companies engaged in nuclear power development and operation. The nuclear forged steel valves covered by the order will be used for CGNPG's projects at the Liaoning Hongyan River nuclear power station and Fujian Ningde nuclear power station. The Company is required to deliver 50% of the order by the end of 2009 and must deliver the remaining orders before March 2010. CGNPG will pay 10% of the contract value immediately and the remainder upon delivery.

    Nuclear forged steel valves are used primarily in the steam turbines of a nuclear power plant's conventional island. The steam turbines generate thermal energy that is converted into electric power in the conventional island. Nuclear forged steel valves have stricter production standards than ordinary forged steel valve products in terms of quality and safety.

    "Receiving this purchase order is major step forward in expanding our footprint in the nuclear power sector in China. It demonstrates the superior quality of our forged steel valves as well as our dedicated marketing efforts that have increased awareness of our brand among key players in this fast- growing sector," said Mr. Siping Fang, Chairman and CEO of China Valves.

    China is driving growth in global nuclear power installation. According to the latest estimate as of April 2009 from the National Energy Administration, China's administrative body overseeing the energy industry developments and standards, China's total nuclear power installation capacity is expected to reach over 75 Gigawatt-electric ("GWe") by the end of 2020, up from 9.1 GWe at the end of 2008, indicating an increase of approximately 5.5 GWe in nuclear power installation capacity per year. In comparison, the International Atomic Energy Agency expects global nuclear power installation capacity to increase between 4.6 GWe and 17.1 GWe annually between 2009 and 2030.

    "Currently the majority of China's nuclear power station projects are completed in collaboration with foreign nuclear power technology companies. However, as the technology of domestic nuclear power equipment providers improves, the Chinese government intends to encourage domestic involvement in China's nuclear power sector. This opens the door for technologically advanced, value-added manufacturers like China Valves to expand our market share in this important sector," said Mr. Fang.

    China Valves Technology, Inc. through its subsidiaries, Zhengzhou Zhengdie Valve Co, Ltd., Henan Kaifeng High Pressure Valve Co., Ltd., and Tai Zhou Tai De Valve Co., Ltd. is engaged in development, manufacture and sale of high-quality metal valves for nuclear and thermal power electricity, petroleum, chemical, water supply, gas and metallurgy industries. The Company has one of the best known brand names in China's valve industry, and its history can be traced back to 1959 when it was formed as a state-owned enterprise. The Company develops valve products by extensive research and development and owns a number of patents. It enjoys significant domestic market shares and exports to Asia and Europe.

  • Sandvik Signs Agreement For Steam Generator Tubes Valued At SEK 2 Billion

    The customer is the French company AREVA NP SAS, and the steam generator tubes will be used in nuclear power plants all over the world

     - By April Murelio -

    Sandvik Materials Technology has signed a multi-year delivery contract for steam generator tubes for the nuclear power industry. The contract is valued at more than SEK 2 billions, and deliveries will begin in the end of 2013.

    The customer is the French company AREVA NP SAS, and the steam generator tubes will be used in nuclear power plants all over the world.

    “The nuclear power industry places extremely high demands on product quality and performance. This agreement strengthens Sandviks’ position as a leading supplier of steam generator tubes for the rapidly expanding nuclear power industry,” says Peter Gossas, President of the Sandvik Materials Technology business area.

    Sandvik AB discloses the information provided herein pursuant to the Securities Markets Act and/or the Financial Instruments Trading Act. The information was submitted for publication at 09:00 a.m. on 2 July 2009.

    Sandvik is a global industrial group with advanced products and world-leading positions in selected areas – tools for metal cutting, equipment and tools for the mining and construction industries, stainless materials, special alloys, metallic and ceramic resistance materials as well as process systems. The Group had 2008 about 50,000 employees and representation in 130 countries, with annual sales of nearly SEK 93,000 M.

    Sandvik Materials Technology is a business area within the Sandvik Group and a world-leading manufacturer of high value-added products in advanced stainless materials, special alloys, metallic and ceramic resistance materials, as well as process systems. Annual sales 2008 were about SEK 21,500 M with 9,300 employees. The product areas comprises Tube, Strip, Wire, Kanthal, Process Systems and MedTech.

  • Exelon Marks Year Of Comprehensive Low-Carbon Strategy By Reaffirming 2020 Emissions Reduction Targets

    Completes a 38 MW nuclear uprate, the first of many planned uprates

     - By April Murelio -

    One year after Exelon unveiled its strategy to eliminate the equivalent of its 2001 carbon footprint by 2020, the company continues to work toward its goal, including new efforts to help the customers and communities it serves to reduce their greenhouse gas (GHG) emissions. To report on its progress to date and how the economic landscape has reshaped its options for achieving its goal, Exelon has published a one-year update, which is available at exeloncorp.com.

    Exelon 2020 is the company’s comprehensive strategy to reduce, offset or displace more than 15 million metric tons of GHG emissions per year by 2020 by greening its own operations, helping customers and the communities Exelon serves reduce their GHG emissions, and offering more low-carbon electricity in the marketplace. The 2009 update reports that Exelon so far has reduced more than one-third, or 6 million metric tons, of its GHG emissions.

    “We have demonstrated already that we are capable of achieving meaningful carbon reductions,” said Exelon Chairman and CEO John W. Rowe. “But Exelon still has considerable work to do, and we have picked most of the low-hanging fruit.”

    Exelon has relied on greening its operations to achieve the bulk of its emissions reductions to date. It also has announced plans to offer substantial new low-carbon electricity in the marketplace by raising the output of Exelon nuclear plants and investing in new renewable energy projects. Going forward, the company will increase its investment in customer initiatives to continue progress toward its 2020 goal. Exelon’s energy delivery companies — ComEd in northern Illinois and PECO in southeastern Pennsylvania — will spend more than $350 million through 2011 on energy efficiency and demand response programs that will help residential and business customers reduce their energy consumption by more than 1.6 million MWh and reduce peak load by 226 MW.

    Just last month, ComEd introduced an Advanced Metering Infrastructure pilot program that will provide automated “smart” meters to as many as 141,000 customers, allowing them to use real-time electricity usage data to better manage their electricity bills and reduce energy consumption. Also, after the first year of its energy efficiency programs, ComEd has sold nearly 3 million discounted compact fluorescent light bulbs, recycled close to 12,000 appliances, and is saving customers more than $20 million in annual energy costs. Just today, PECO filed a plan with regulators to spend $342 million on customer programs to reduce overall electricity consumption by 3 percent and peak load by 4.5 percent by 2013. Another filing this summer will propose the deployment of two-way smart meters to PECO’s 1.6 million customers.

    Beyond Exelon’s one-third reduction in emissions, other achievements reported at the one-year mark include:

    • Completing a 38 MW nuclear uprate, the first of many planned uprates that could yield 1,300 to 1,500 MW of additional, virtually GHG-free capacity — the equivalent output of a new advanced nuclear reactor — by 2017, without turning a spade of earth
    • Reducing energy usage across Exelon’s facilities by 16 percent from 2001 levels
    • Recycling or reusing more than 30 million pounds of scrap metal and other solid material and 700,000 gallons of oil in 2008 alone
    • Acquiring 198 MW of wind farm output, 4.8 MW of landfill gas output and 4.5 MW of solar output
    • Unveiling plans for the nation’s largest urban solar power plant (10 MW) in Chicago.
    • The one-year update also shows how the flexibility of the company’s plan will allow it to respond to two potential scenarios for the future U.S. economic recovery — one more optimistic in its assumptions, and one more pessimistic — and examines how each would affect the potential requirements for achieving Exelon’s 2020 goal.

    “Since we prepared the initial Exelon 2020 analysis, economic growth has slowed and the natural gas prices that set the market price for electricity have plummeted,” said Rowe. “Technologies that once looked attractive are less so, and other technologies that once looked prohibitively expensive look more reasonable. As such, we are continually reassessing our options for reducing emissions and adjusting our strategy accordingly.”

    Exelon’s 2009 update also reaffirms the company’s position that although it will not wait for Washington to act, it is encouraged by recent progress Congress has made on climate legislation.

    “To fully realize our goal — and for other companies and our society to realize national greenhouse gas reduction goals — we need focused federal action,” Rowe said. “With the House’s passage of the Waxman-Markey bill last week, the nation is one step closer to enacting comprehensive climate change legislation during this Congress. Exelon will continue to work with policymakers in the Senate to encourage the adoption of a sound national energy policy that balances the need to protect consumers, business and the economy with the urgent need to reduce our nation’s greenhouse gas emissions.”

  • NS Book Review: GREEN HELL: HOW ENVIRONMENTALISTS PLAN TO CONTROL YOUR LIFE AND WHAT YOU CAN DO TO STOP THEM

    Steve Milloy provides the only antidote strong enough to stop a plague of ignorance: a liberal dose of education

    - A Nuclear Street Book Review by Randy Brich -

    Sometimes a guy has to step back, take a long deep breath and reassess everything he thought he knew as fact.  Some people conduct this exercise without even thinking, critically examining all that floats their way with the dispassionate eyes of an objective observer.  Christopher Columbus did it.  Galileo Galilei did it.  Charles Darwin did it.  Albert Einstein did it.  And the world has not been the same since. 

    Now, Steve Milloy does it.  Milloy chooses to question the core, the root beliefs, the very essence of the modern environmental movement that has swept across America and the western world like a plague.  And, like any plague, it will have to run its course unless the proper antidote is developed and those at risk are inoculated.  In GREEN HELL:  HOW ENVIRONMENTALISTS PLAN TO CONTROL YOUR LIFE AND WHAT YOU CAN DO TO STOP THEM, Steve Milloy provides the only antidote strong enough to stop a plague of ignorance: a liberal dose of education.  GREEN HELL describes example after example of the green’s agenda to control your life, your liberty, your economy and details several ways you can become personally involved to try to stop the spread of the plague. 

    A good example is his little exercise with Ben and Jerry’s Ice Cream’s crusade against dioxins.  After visiting a Ben and Jerry’s Ice Cream shop and noticing promotional literature proclaiming, “The only safe level of dioxin exposure is no exposure at all,” Milloy and Michael Gough purchased a pint of Ben and Jerry’s “World’s Best Vanilla” ®, had it tested for dioxin, found it was 200 times the virtual safe dose prescribed by the EPA for adults and over 700 times the VSD for children, wrote a paper and presented the results at the Dioxin 2000 scientific conference in Monterey, California.  Then the fun started as Milloy recounts,

    “We then posed the following questions:  ‘If dioxin is as dangerous as Ben and Jerry’s, Greenpeace—Ben and Jerry’s science advisor—and the EPA claim, then how can Ben & Jerry’s be permitted to sell its ice cream?  Doesn’t the company care about ‘the children?’?”  Our dioxin study was a huge hit.  It throttled Ben & Jerry’s ill-conceived anti-dioxin campaign—an embarrassment the company is still trying to explain away on its website.”  

    Many readers will recognize Steve Milloy as the editor of Junkscience.com whose slogan is “All the junk that’s fit to debunk” and Milloy continues his campaign against environmentalism - scientifically, succinctly, and sarcastically arguing that progress, development and a healthier environment go hand in hand.  He persuasively shows that curtailing the use of fossil fuels to combat global warming is futile.  Milloy argues that the cooling experienced on the planet for the last 10 years while carbon dioxide levels continue to rise is enough proof for him that global warming isn’t happening, at least not at the levels purported by “Planetary Surgeon General” Al Gore.  Milloy then proceeds to strip away the veneer covering Al Gore, exposing him as a hypocrite since his monthly electrical usage at his mansion exceeds the average American household use for an entire year.  He does the same for Virgin Airways owner Branson, Google’s Corporate Officers, Arnold Schwarzenegger and Robert F. Kennedy Jr. who say one thing but act very differently. 

    Milloy’s irreverent style and unabashedly “in your face” approach distinguish him as a no BS, bottom line kind of guy.  Milloy painstakingly outlines the environmentalists’ green agenda using their own words. He then compares their words with their actions, identifies disconnects and lets the chips fall where they may.  From mandated rationing of population growth, to mandatory usage of specific types of energy generation, to limiting between basin exchanges of fresh water, to vegetarianism, to the real dangers of subcompact eco-cars, to an overbearing new big green brother, to a new social order, to devolving businesses, to watching America recede in the rearview mirror, to the first real green president, Milloy’s heavily referenced and footnoted tome brazenly challenges the environmentalists’ status quo and finds it wanting.  Where there’s deception, he asks for honesty.  Where there’s misinformation, he provides the facts. Where there are unknowns, he asks the questions. 

    Pondering the imponderable, questioning the unquestionable and seeking the truth as science best understands it at this current space in time, Milloy does a remarkable job keeping the reader interested, informed, educated and entertained.  Authors like Milloy provide a service for any person concerned enough to read the material and find out on their own the facts surrounding a host of environmental topics.  And Milloy saves his best for last, slaying the dragon of Global Warming using the sword of truth by stating,

    “While we’re all in favor of protecting the environment and controlling pollution, the greens portray themselves as inhabiting a higher moral plane.  Their underlying message is that if you don’t sign on to what they want, it means you don’t love the planet, or worse, you’re out to destroy it. And they have fingered their primary villain, or at least the villain of the moment: carbon dioxide—a colorless and odorless gas that exists naturally in the atmosphere at trace levels.  Humans exhale it.  Plants need it to grow.  Both industrial and personal “manmade” emissions of carbon dioxide combined are vanishingly small when compared to natural CO^2 emissions.  There’s no scientific data indicating that controlling human emissions of carbon dioxide will change, much less “improve,” global climate in any predictable or even detectable way.”

    “Yet, according to the greens, your responsibility for carbon dioxide necessitates you sacrificing your standard of living.  And not only you—think of all the people around the world denied the ability to use their own natural resources to better their lives, denied the ability to climb out of crushing poverty through economic development and free trade, and denied even the ability to use pesticides like DDT to protect themselves and their children against deadly Malaria-bearing mosquitoes.  Now contrast their situation to how the green elites live—Al Gore and his prodigious personal consumption of electricity; Richard Branson and his private island getaways and space travel for VIPs only; the Google guys and their personal sky pig; and the World Wildlife Fund and its private jet expedition around the world, to name just a few examples.”

    “Aside from providing perks and exemptions to be enjoyed by these folks and other special interests, green is a political movement that seeks to put a happy face on an otherwise oppressive and regressive social and political agenda.  Green is not “green” as some ecoprofiteers would have you believe. As many free-market thinkers have warned us, green is the new red—both financially and politically.”

    To his credit Milloy has written, at least to the best of my ability, an error-free treatise that will go down in history as a scathing expose’ of the self-proclaimed environmentalists who, in reality, are little more than anti-nuclear activists and true believers in every sense of the phrase first coined by Eric Hoffer way back in 1951. 

    Steve Milloy
    GREEN HELL:  HOW ENVIRONMENTALISTS PLAN TO CONTROL YOUR LIFE AND WHAT YOU CAN DO TO STOP THEM, 294 pp. Regnery Publishing, Inc., Hardcover, 2009
    978-1-59698-585-8

    Randy BrichAbout Randy Brich
    Randy graduated from South Dakota State University in 1978 with a M.S. in Biology.  After developing the State of South Dakota’s environmental radiological monitoring program, he became a Health Physicist with the Nuclear Regulatory Commission, eventually transferring to the Department of Energy where he specialized in environmental monitoring, worker protection, waste cleanup and systems biology.  Later in his career he published a multi-sport adventure guide book and became a regular contributor to The Entertainer Newspaper’s Great Outdoor section. 

    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.

  • Nuclear Fuel Services Inks Contract to Downblend Highly Enriched Uranium

    Company will work under contract to WesDyne International, LLC as part of NNSA nonproliferation initiative

     - By Stephen Heiser -  

    Nuclear Fuel Services, Inc., (NFS), a wholly owned subsidiary of Babcock & Wilcox Nuclear Operations Group, Inc. (B&W NOG), has been awarded a contract to downblend 12.1 metric tons of highly enriched uranium (HEU) into low enriched uranium (LEU) at its Erwin, Tenn., facility. NFS will work under prime contractor WesDyne International, LLC in support of the National Nuclear Security Administration's (NNSA) nonproliferation initiative to reduce HEU stockpiles around the world. NFS will fulfill the downblending portion of the contract, which also includes transportation, storage and other activities to be performed by WesDyne. B&W NOG is a subsidiary of The Babcock & Wilcox Company (B&W), which is a subsidiary of McDermott International, Inc.

    Downblending is the process whereby highly enriched uranium is processed to reduce its concentration of Uranium-235 to levels suitable for use in commercial power plants. The resulting LEU is no longer suitable for use in nuclear weapons and can be used for peaceful purposes. The resulting LEU also provides assurance of fuel supply to utilities participating in the MOX program for the disposition of surplus weapons plutonium.

    "We are very pleased to continue to work with NNSA on this important national security issue," said NFS President David L. Kudsin. "WesDyne is an outstanding prime contractor to work with, and we have very knowledgeable employees and the right facilities for the job."

    The contract period of performance is anticipated by NNSA to be up to nine years, although the downblending portion is expected to be complete within four years.

    Located in Erwin, Tenn., NFS operates a uranium fuel materials production facility to support America's fleet of nuclear-powered submarines and aircraft carriers. It also converts Cold War-era government stockpiles of highly enriched uranium into material suitable for further processing into commercial nuclear reactor fuel.

  • Diablo Canyon Shuts Down Safely After Fuse Blows

    PGE workers followed all appropriate procedures

     - By Christopher Smith -

    Unit 2, one of two reactors, was safely shut down at Diablo Canyon nuclear power plant, after a blown fuse caused a loss of power.  Unit 1 continued to operate at full power. The two units together produce 2,300 megawatts of electricity, which equates to about 10 percent of all electricity generated in California.

    According to Pacific Gas and Electric the reactor was shut down Tuesday afternoon. The company says its workers followed all appropriate procedures, and the shutdown does not pose any threats to the public.  There's no word when the reactor will be put back on line. The 2,240 MW Diablo Canyon station is located in Avila Beach in San Luis Obispo County, about 195 miles northwest of Los Angeles. The station has two units, 1,122 MW Unit 1 and the 1,118 MW Unit 2, which entered service in 1985 and 1986.

    Since beginning commercial operation in 1985, Diablo Canyon has been one of the safest and most efficient nuclear power plants in the nation. The plant consistently receives high safety ratings from the Nuclear Regulatory Commission, as well as high safety and performance ratings from the Institute of Nuclear Power Operations. At the half way point in its NRC operating license of 40 years, the utility plans to invest approximately $1 billion in Diablo Canyon through the end of this decade to assure continued safe and efficient operation during the second half of its life.

  • Jack B. Allen To Lead Newly Formed Westinghouse Japan

    Move is linked to Westinghouse's positive view of the nuclear energy market in Japan

     - By Linton Levy -

    Westinghouse Electric Company has announced the formation of Westinghouse Electric Japan, a new organization that will provide a single focal point for all Westinghouse products and services manufactured, sold or procured in Japan. Westinghouse also announced that it has appointed Jack B. Allen, currently senior vice president of Westinghouse Electric Company, as president and CEO of the new entity.

    In making the announcement, Westinghouse President and CEO Aris S. Candris said the formation of Westinghouse Electric Japan is consistent with Westinghouse's effort to build closer relationships with an expanding global customer base.

    "To bring Westinghouse closer to our global customers and capture growth in strategic markets, we have worked in recent years to reinforce a region-based business model," he said. "Establishment of Westinghouse Electric Japan is part of our long-term growth strategy to enhance businesses in the Asian region."

    Dr. Candris also said the move is linked to Westinghouse's positive view of the nuclear energy market in Japan. "As demonstrated by our recent acquisition of Nuclear Fuel Industries Ltd. (NFI), Japan's sole producer of PWR and BWR fuel, we believe strongly in the future of the Japanese nuclear energy market," he said.

    "Jack and his team will be at the forefront of identifying new opportunities in the market and ensuring that our customer commitments are met through the flawless delivery of our products, services and technologies. Westinghouse Electric Japan will work closely with Toshiba Corporation's Nuclear Energy Systems & Services Division to maximize its support for the Japanese utilities."

    Mr. Allen has served since May 2005 as senior vice president, Operational Excellence, for Westinghouse Electric Company. Earlier in his 39-year career at Westinghouse he held a number of key management positions in Westinghouse's nuclear power plants and nuclear fuel businesses.

    Westinghouse also announced today that Shunichi Tanaka will serve as senior vice president of Westinghouse Electric Japan, reporting to Mr. Allen.

    Mr. Allen and Mr. Tanaka will be based in Tokyo. Additional members of the team will be selected in coming weeks.

  • IAEA Improves Nuclear Technology Education In Europe

    European Nuclear Education Network (ENEN) will facilitate the delivery of nuclear energy courses over the internet

     - By April Murelio -

    Specialized education in nuclear technology will soon reach students in over four dozen cities in 18 European countries, as the IAEA has inked an agreement with the European Nuclear Education Network (ENEN) to facilitate the delivery of nuclear energy courses over the internet.

    Training will be delivered through the IAEA´s web portal, the Asian Network for Education in Nuclear Technology (ANENT).

    Since its launch in 2003, ANENT has helped to coordinate nuclear training and research by linking educators and professionals. The system supports students in degree and masters programmes by providing information, curricula and training materials.

    This agreement between the IAEA and ENEN provides for improving access to and the reliability of the online training materials.

    During today´s signing ceremony Deputy Director General and Head of the Department of Nuclear Energy, Yury Sokolov, said "We have confidence that our combined efforts and expertise will benefit all Member States who wish to have more opportunities and resources and new strategies for nuclear human resource development through internet-based education and training."

    Since 2007 two certificate e-training courses on energy planning have been conducted in cooperation with the Korea Atomic Energy Research Institute (KAERI). There are also plans to use the ANENT system to deliver information on nuclear reactor physics to university students, as well as provide an e-textbook on advanced nuclear and ionizing radiation technology.

    The ENEN Association is a non-profit international organisation established in 2003 to preserve and further develop expertise in nuclear fields through higher education and training. ENEN has 51 members over 17 EU countries, South Africa, the Russian Federation and Japan. ENEN is a major player in the coordination of nuclear education and training activities funded by the European Commission.

    ENEN has been a collaborating member of the ANENT for the past six years.

    The ANENT network facilitates information sharing and learning through the coordination of joint research activities, standardization of nuclear educational resources, and sharing of knowledge resources and materials.

  • AREVA Opens Up Its Capital To New Strategic Partners And Its Employees

    Group Set to Sell Its Transmission and Distribution Activity

     - By Stephen Heiser -

    The AREVA group's Supervisory Board met today under the chairmanship of Jean-Cyril Spinetta and finalized the steps to be taken to finance the group's long-term development plan. 

    World leader in the civil nuclear field, AREVA is enjoying major growth thanks to its integrated model and the increase in demand for solutions to generate CO2-free electricity.  In order to continue to reinforce its position as leader on the nuclear market and to make further inroads into the renewable energies market, AREVA needs to invest and recruit, while maintaining a healthy balance sheet. 

    This is why, based on a proposal from the Executive Board, the AREVA Supervisory Board has decided to open up its capital to strategic and industrial partners, to the value of 15 percent, mainly by increasing its capital.  This increase will be open to investment certificate holders.  The group is launching an employee shareholders program.

    The Supervisory Board has also asked the Executive Board to put the group's Transmission and Distribution (T&D) division up for sale.  An open call for bids will be launched and the group will pay special attention to the price offered and also the industrial and labor projects. 
    Depending on the interest generated, the decision to dispose of T&D or not and the choice of a potential buyer will be taken before the end of the year. 

    AREVA is also considering disposing of its stakes in Eramet and ST Microelectronics.  In any case, these stakes will remain in the public sector because of their strategic nature.

    AREVA is also set to continue its cost reduction program and to improve operational performance.

    Shareholders have shown their support by agreeing to a new dividend payout rate of 25 percent of the group's share of net income as of 2010 and for a period of three years, given the scale of the AREVA program.

    Commenting on these decisions, Jean Cyril Spinetta says, "Through the strategy in place since 2001, AREVA has become the reference in its field.  Solutions for generating CO2-free energy - its core business - have undisputed prospects for growth. The group must be able to pursue an ambitious investment program to take advantage of its growth. The plan that has been finalized by the shareholders will completely enable it to do so."

    Anne Lauvergeon, CEO of AREVA says,  "Our shareholders' continued support for our strategy is a tremendous honor and puts an obligation on us. This financing will enable us to maintain our lead and meet the growing needs of our current and future customers."

    With regard to the disposal of the T&D activity, Anne Lauvergeon added, "This only became an option because of the remarkable work of the T&D teams who, spurred on by AREVA, pulled off a remarkable industrial turnaround.  T&D joined the group in 2004 and is enjoying rapid growth and creating value and there is no reason why this should change."

  • Global Laser Enrichment Submits License Application To Construct First Commercial Uranium Enrichment Plant Using Laser Technology

    Third-Generation Technology Would Increase Production of Enriched Fuel for U.S. Nuclear Power Plants

    Global Laser Enrichment (GLE), a business venture of GE, Hitachi Ltd. and Cameco, has announced a landmark in the deployment of its proposed, next-generation enrichment facility designed to increase the United States’ supply of enriched uranium to fuel its nuclear power plants.

    GLE has completed its license application to the U.S. Nuclear Regulatory Commission (NRC) to build the world’s first commercial uranium enrichment facility to use laser technology. The proposed facility would be built in Wilmington, N.C.

    The new facility would produce a new domestic supply of low-enriched uranium used to power nuclear plants to meet an anticipated increase in global demand. The facility also would help support the country’s goal to reduce carbon emissions through the expanded use of nuclear energy, which creates virtually no greenhouse gases during the electricity generation process.

    If approved, GLE’s facility could help drive U.S. job creation, including up to 300 permanent engineering and support staff positions and more than 500 construction jobs.

    “Our goal is to enable an efficient and effective review of our innovative technology by providing a quality, complete application to the NRC,” said Tammy Orr, President and CEO of GLE. “Submitting the highest-quality product has been our priority for this significant licensing process milestone.”

    The NRC’s estimated 30-month application review will officially begin once the agency formally dockets, or accepts, the GLE application. On January 30, GLE submitted its environmental report for the proposed facility, representing a significant portion of the overall license application. The NRC had approved the early, partial submittal to add efficiency to its review process.

    Global demand for low-enriched uranium is expected to increase significantly in the coming years.

    First, a major supply of low-enriched uranium for U.S. nuclear power plants will cease in 2013, with the expiration of a program to convert Russian weapons-grade material into nuclear plant fuel (commonly known as “Megatons to Megawatts”).

    Also, the anticipated construction of a new generation of nuclear power plants is expected to further intensify the demand for fuel.

    ”This is an exciting time in our industry,” Orr said. “As world leaders in innovation and technology, we have a unique opportunity to offer needed enrichment supply to nuclear operators meeting the challenges of energy security, climate change and increased demands for power.”

    GLE currently is in the pre-deployment stage of its enrichment test loop, which is designed to confirm the commercial feasibility of the technology and advance the design of the equipment, facility and processes for the planned production facility.

    GLE will use the information from the test loop in its evaluations of whether or not to proceed with the full-scale commercial facility. The plant would be co-located with the existing nuclear fuel manufacturing facilities of Global Nuclear Fuel and the new plants and services business of GE Hitachi Nuclear Energy, headquartered in Wilmington, N.C.

    If the decision is made to proceed with construction, the GLE commercial production facility would have a target capacity of three-to-six million separative work units (SWUs). A SWU is a unit measuring the energy used to enrich uranium, which is then fabricated into fuel assemblies for nuclear power plants.

    In 2006, GLE acquired the exclusive rights to develop and commercialize the third-generation uranium enrichment technology globally through a license from Silex Systems Ltd. of Australia. In 2008, Cameco, one of the world’s largest uranium producers, acquired a 24% ownership stake in GLE.

    Based in Wilmington, N.C., GEH is a world-leading provider of advanced reactors and nuclear services. Established in June 2007, GEH is a global nuclear alliance created by GE and Hitachi to serve the global nuclear industry. The nuclear alliance executes a single, strategic vision to create a broader portfolio of solutions, expanding its capabilities for new reactor and service opportunities. The alliance offers customers around the world the technological leadership required to effectively enhance reactor performance, power output and safety.

    Cameco, with its head office in Saskatoon, Saskatchewan, is one of the world's largest uranium producers. The company's uranium products are used to generate electricity in nuclear power plants around the world, providing one of the cleanest sources of energy available today. Cameco's shares trade on the Toronto and New York stock exchanges.

  • Reliant Energy Lowers Prices By As Much As 20 Percent

    Hundreds of thousands of residential customers will see automatic price reductions

     - By Abby Gessner -

    For the second time in two months, Reliant Energy is lowering prices for current residential customers on month-to-month flex plans. Following this reduction, prices for many will have been reduced by as much as 20 percent since May 1.

    “Helping our customers save on their energy bills during the hottest time of year is very important to us,” said Jason Few, president, Reliant Energy. “At Reliant, keeping prices affordable and providing useful tools and information to help customers control electricity usage are just two of the ways we lead in customer service.”
    Reliant Energy first lowered prices up to 10 percent for most month-to-month plans in May following its acquisition by NRG Energy. The new lower prices announced today go into effect on July 1. With this new price reduction, coupled with the one in May, hundreds of thousands of residential customers will see automatic price reductions of as much as 20 percent.

    “The only thing that these customers have to do to enjoy these lower prices is to remain a Reliant Energy customer,” Few added.
    In addition to its latest automatic price reduction, Reliant Energy’s PowerTracker plan, currently offers one of the lowest prices in the market. For customers who want price security, Reliant offers term products that let customers lock in a low rate. Reliant’s new Secure Plans introduced this summer offer lower prices and include 20 percent Texas wind power at no additional cost.
    “Texans can save money and help the environment at the same time by becoming Reliant customers,” Few said. “This is another example of how the new Reliant Energy delivers value to our customers.”

    In Texas, reliant services nearly 1.8 million retail electricity customers including residential, small business, commercial, industrial, governmental and institutional customers.  At 4,768 MW, Texas generates the 7th largest amount of nuclear powered electricity in the country.

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