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AREVA’s money troubles: drive to sell its nuclear reactors

FOCUS: Areva Still Needs Cash Despite T&D Sale
CNN Money By Geraldine Amiel, Dow Jones Newswires 4 Dec 09 PARIS Despite selling its transmission and distribution business for EUR4.1 billion, French state-controlled nuclear engineering Areva SA ( CEI.FR) still needs billions more of funding to realize its substantial expansion program.

And to come up with the EUR7 billion or so of additional money for investment, Areva may have to sell more of its family silver, possibly as soon as 2010. “Financing remains an issue,” SGCIB’s analyst Gael de Bray said…… Continue reading

December 5, 2009 Posted by | 1, business and costs, France | , , , , , , , , , | Leave a comment

UK govt dismisses its own experts’ nuke waste advice

Nuclear “Smoke and Mirrors” in Lancaster virtual-lancaster.net news blog 4 Dec 09 Lancaster Town Hall recently played host to some very clever nuclear smoke and mirrors from the Department of Energy and Climate Change in the form of a slick travelling exhibition promoting extensive new nuclear build at Heysham. But despite government assurances on display that arrangements exist or will exist for the long term management of radioactive waste generated by Britain’s civil nuclear program, those claims have now been challenged by experts on the issue. Continue reading

December 5, 2009 Posted by | 1, spinbuster, UK | , , , , , , , | Leave a comment

Fears over nuclear waste dumping in UK

New fears over nuclear waste site LEP.co.uk  04 December 2009

Concerns have been raised that radioactive rubbish from across the UK will be dumped on the outskirts of a Lancashire city. Continue reading

December 5, 2009 Posted by | 1, UK, wastes | , , , , , , , , | Leave a comment

Urgency now to transform energy use

Energy Transition: one chance to get it right Sustainable Industries by Richard Heinberg 4 Dec 09 Building new nuclear plants will be costly and slow—and controversial. Moreover, uranium is itself a depleting resource, with ore quality relentlessly declining worldwide.
 Continue reading

December 5, 2009 Posted by | 1, 2 WORLD, climate change, ENERGY | , , , , | 1 Comment

Costly power loss at nuclear plant

Turbine vibrations hold nuke plant at 65% power

SEABROOK — The Seabrook Station nuclear power plant is currently operating at only 65 percent capacity Continue reading

December 5, 2009 Posted by | 1, business and costs, USA | , , | Leave a comment

Utility investigates crack in containment wall at nuclear plant

Utility investigates crack in containment wall at nuclear plant Ocala.com By Fred Hiers  December 3, 2009 aProgress Energy continues to investigate what caused a 2-inch wide and at least 30-foot-long crack in the containment wall of its Crystal River Nuclear Power Plant. It expects to have answers within the next few weeks.Once the cause is determined, the utility will decide how it will repair the containment wall, said Jessica Lambert, Progress Energy spokeswoman.

Utility investigates crack in containment wall at nuclear plant | Ocala.com | Star-Banner | Ocala, FL

December 5, 2009 Posted by | 1, safety, USA | , , , , , | Leave a comment