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Drop in income for nuclear company Exelon

Exelon 4Q net income falls on charges, Bloomberg,  Jan 27, 2011   By The Associated Press CHICAGO (AP) — Nuclear power plant operator Exelon Corp. reported lower fourth-quarter earnings Wednesday on losses due to hedging transactions and costs of planning to retire some plants.The company said net income fell to $524 million, or 79 cents per share, from $581 million, or 88 cents per share, a year earlier…

January 27, 2011 Posted by | business and costs, USA | Leave a comment

Conflict of interest in USA’s new panel on nuclear radiation and cancer?

The public has until the end of January to comment on the panel members and professional composition. Beyond Nuclear will be submitting comments on individual conflicts of interest and overall balance and appropriateness of disciplines by January 31

Immediate action needed on NAS cancer panel, Beyond Nuclear , 27 Jan 2011, -The National Academy of Sciences (NAS) Nuclear Radiation and Studies Board (NRSB) has announced the provisional membership for a panel to examine the cancer risks around NRC licensed nuclear facilities. Continue reading →

January 27, 2011 Posted by | general | Leave a comment

Move to ban charging customers in advance for future nuclear plants

Prepaid Plants, Capitol News Service, January 26th, 2011 by Whitney Ray Progress Energy customers paying for a nuclear power plant that hasn’t been built yet may soon get a refund. State Senator Mike Fasano has filed legislation banning power companies from charging customers extra money on their bills for future projects. Fasano says shareholders, not the customers should pay for the company’s infrastructure.
It should be the stockholders; it should be the company itself paying from those nuclear power plants, not passing those costs on to the consumer,” said Fasano. Right now Progress Energy customers are paying five dollars more a month to build a nuclear plant in Levy County. Florida Power and Light is asking the Public Service Commission to allow them to begin collecting money for several nuclear projects….Capitol News Service » Blog Archive » Prepaid Plants

January 27, 2011 Posted by | politics, USA | Leave a comment

Renewable energy investment a hedge against market volatility

Focusing on a small subset of benefits of renewables certainly has its advantages but also leads to the neglect of other benefits perceived at one time to be less important. One such neglected benefit, though, now merits much greater significance than has been previously accorded it given the tremendous floods that ravaged eastern Australia earlier this year: a hedge against marketplace volatility.

A Lesson from the Great Australian Floods, Americans for Energy Leadership, Michael Craig 26 Jan 2011, Renewable energy has been put forth as the solution to a myriad of problems, some of which have received more attention than others. Continue reading →

January 27, 2011 Posted by | 2 WORLD, climate change | Leave a comment

Russia wants continued nuclear arms reduction, says Medvedev

Medvedev says Russia, US should continue nuclear arms cuts, DAVOS, January 26 (Itar-Tass) — Russia and the United States should continue nuclear arms reduction and should not stop at New START, President Dmitry Medvedev said.  Continue reading →

January 27, 2011 Posted by | general | Leave a comment

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