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Things just keep getting worse for the nuclear industry

..Between Vienna and labor woes, its enough to make an Israeli nuclear official wish for something more manageable, like a plague of locusts
Worldwide Nuclear Industry Woes Deepen The year 2011 will go down for the nuclear industry worldwide as an annus horribilis. Minyanville, By Oilprice.com Jun 29, 2011 Add an Israeli nuclear plant work stoppage to Fukushima and the flooding Missouri River, and it paints a grim atomic picture.

First came the March Fukushima nuclear disaster, with operator Tokyo Electric Power Co. (TEPCO) belatedly acknowledging that three of the facility’s six reactors did, in fact, suffer core meltdowns.
On June 20, Moody’s Investors Service obligingly cut its credit rating on TEPCO to junk status and kept the operator of Japan’s crippled nuclear power plant on review for possible further downgrade, citing uncertainty over the fate of its bailout plan. TEPCO is Japan’s largest corporate bond issuer and its shares are widely held by financial institutions. TEPCO shares have plummeted 80 percent since March, dragging its market capitalization below $9 billion. Following the Fukushima crisis, including a round of emergency loans from lenders and $64 billion in outstanding bonds, TEPCO now has around $115 billion in debt versus equity of about $35 billion.

Further to the west, the US Nuclear Regulatory Commission is closely monitoring conditions along the Missouri River, where floodwaters were rising at Nebraska Public Power District’s Cooper Nuclear Station and Omaha Public Power District’s Fort Calhoun nuclear power plant. Flooding could complicate the restart of the Fort Calhoun plant, ….
Completing the trifecta and adding to the perfect storm is news of a work stoppage at Israel’s secretive Dimona nuclear power station. The only thing that Dimona officials fear more than publicity is bad publicity….
The Israeli Atomic Energy Commission is preparing to make a presentation to a special session of the International Atomic Energy Agency (IAEA) in Vienna to outline new steps to supervise Israel’s two nuclear reactors, the 24-megawatt Dimona reactor and a 5-megawatt Center for Nuclear Research reactor at Nahal Sorek and the handling of their nuclear waste. Israel’s Atomic Energy Commission head is leading the Israeli delegation.

It is likely to be a contentious meeting. …..Between Vienna and labor woes, its enough to make an Israeli nuclear official wish for something more manageable, like a plague of locusts.

July 2, 2011 - Posted by | general

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