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Nuclear company Exelon’s CEO says – No subsidies for new nuclear

CEO of biggest U.S. nuclear-power producer touts “cheap” natural gas as energy solution, Barnett Shale: Jack Z. Smith, March 08, 2011 The U.S. should use more natural gas to generate electricity and shun new “clean-energy” subsidies given for nuclear reactors, wind turbines, solar panels and coal-fired plants that capture carbon dioxide, Exelon Corp. CEO John Rowe said in prepared remarks for a speech today, according to a Bloomberg News report. Continue reading →

March 10, 2011 Posted by | business and costs, USA | Leave a comment

Germany’s tax on nuclear plants biting into E.ON’s profit

E.ON Says 2011 Profit May Fall 32% on New Tax, Power Prices – Bloomberg, 9 March 11, The world’s largest utility by sales, said profit may fall as much as 32 percent this year after the German government imposed a new tax on its nuclear plants and on reduced earnings from selling power and gas.Adjusted net income, which E.ON uses to calculate its dividend, will slip to 3.3 billion euros ($4.59 billion) to 4 billion euros in 2011 from 4.88 billion euros last year, the Dusseldorf-based company said today. Adjusted earnings before interest, tax, depreciation and amortization will drop to 11.2 billion euros to 11.9 billion euros this year from 13.3 billion euros in 2010, the company said……

March 10, 2011 Posted by | business and costs, Germany | Leave a comment

Bad timing for Australia to decide to sell uranium to Middle East

“It’s very poor judgement and poor timing to be proposing to sell this material into the Middle East when tensions are running so high,” said Scott Ludlam, an Australia senator for the Greens, a party affiliated with the government’s minority administration and set to hold the balance of power in the country’s top legislature from July 1. Mr. Ludlam said he wants the government to publish a list of the countries Australia won’t supply with uranium……….

Australia Eyes U.A.E. Uranium Talks, WSJ.com, Edna Curran, 9 March 11, “…..Bilateral talks between the countries will focus on nuclear safeguards and the use of nuclear fuel for Abu Dhabi’s civilian power program due to be ready by 2017, according to a statement by the Australian government……… Continue reading →

March 10, 2011 Posted by | AUSTRALIA, marketing, Uranium | Leave a comment

Price dive for Uranium One’s product

Uranium One has year-end loss  The Calgary Herald March 8, 2011 . Uranium One Inc. reported a fourth-quarter loss of $148.2 million on Tuesday, compared with a profit of $179.6 million in the same period a year earlier. It said the loss was due to a series of one-time expenses.
The company, based in Vancouver and Johannesburg, said the loss amounted to 24 cents a share, compared with a profit of 38 cents a share during the fourth quarter of 2009…….

March 10, 2011 Posted by | business and costs, Canada, Uranium | Leave a comment

5 to 9 percent drop in uranium price is expected

In analysis prepared for the department concluded that the average spot price for uranium could fall 4.9 to 8.9 percent during the period from the November 30, 2010

U.S. Energy Dept to sell surplus uranium Mar 3, 2011 WASHINGTON (Reuters), by Tom Doggett – The U.S. Energy Department plans to sell 2,000 tonnes of surplus uranium annually 2011-2013, which could push spot prices lower over the next three years…. Continue reading →

March 5, 2011 Posted by | 2 WORLD, business and costs, Uranium | Leave a comment

South Africa gives desperate France a chance to save its nuclear business

“South Africa is an indispensable lifeline,” Yves Marignac, a French energy consultant who campaigns for renewable solutions, told FRANCE 24. “It seems to be the only country seriously willing to put out a tender [for the construction of nuclear reactors] next year, so the only one that can salvage the little credibility that France as an exporter still has.”

France creeps closer to South Africa’s nuclear jackpot, France24 by Sophie PILGRIM 3 March 11, Long-time energy partners France and South Africa signed a series of bilateral agreements Wednesday on President Jacob Zuma’s final day of his state visit to Paris. The deals, which involve energy giants Areva and EDF, come just before South Africa is set to expand its nuclear programme. Continue reading →

March 4, 2011 Posted by | France, marketing | Leave a comment

France’s Sarkozy aggressively marketing nuclear power

French President Nicolas Sarkozy has been especially aggressive in leveraging the French lead in civilian nuclear technology to try to secure diplomatic, commercial and military advantages in the Middle East, in addition to parts of Africa and Asia.
Nuclear Babies and Bathwater , The Diplomat, by Manpreeth Sethi, 3 March 2011, “……..It’s no secret that with the current global nuclear renaissance, France hopes to seize a significant share of the world nuclear market—including from major Asian nuclear energy rivals such as South Korea Continue reading →

March 4, 2011 Posted by | France, marketing | Leave a comment

Uranium price to fall as USA sells its surplus

In analysis prepared for the department concluded that the average spot price for uranium could fall 4.9 to 8.9 percent during the period from the November 30, 2010

U.S. Energy Dept to sell surplus uranium Mar 3, 2011 WASHINGTON (Reuters), by Tom Doggett – The U.S. Energy Department plans to sell 2,000 tonnes of surplus uranium annually 2011-2013, which could push spot prices lower over the next three years…. Continue reading →

March 4, 2011 Posted by | business and costs, Uranium, USA | Leave a comment

Nuclear power subsidies – like dumping money down a rat’s hole

“It’s like dumping huge amounts of money down a rat’s hole,” he said, adding that by the time nuclear power plants actually get built, it could be too late to avoid the consequences of dangerous climate change. “What would have an immediate effect on climate change is the stuff you can do fast and cheap like weather proofing, changing light bulbs, building wind farms and solar panels,”

Group Says Subsidies Better Spent on Renewables, Solve Climate News, By Abby LubyMar 3, 2011 Criticism about nuclear’s carbon footprint hasn’t stopped the Obama administration from hawking it as clean power, however. In his proposed budget for 2012, the president is seeking an additional $36 billion in federal loan guarantees for nuclear power plant construction. That’s on top of the $18.5 billion the DOE is already permitted to deploy. Continue reading →

March 4, 2011 Posted by | business and costs, USA | Leave a comment

Funds for new nuclear research at University of Saskatchewan

$30 million for a new nuclear research centre at U of S, 650 CKOM, Premier Brad Wall believes province will be a leader in nuclear material science  By Chris Carr  March 2, 2011 It will make Saskatchewan the focal point for nuclear research in western Canada.

$30 million is being set aside over seven years for a new nuclear research centre at the University of Saskatchewan……  Wall believes the new money will make the province a leader in nuclear material science, and small reactor technology….

March 3, 2011 Posted by | Canada, marketing | Leave a comment

India’s new nuclear projects face a number of hurdles

in the upcoming 9,900 MW Jaitapur nuclear power project in the coastal Ratnagiri district, NPCIL is planning to line up a number of sops for the land losers.

Work on NPCIL Haripur project to start in 2014 Business Standard,  Kolkata March 3, 2011, Amid controversies surrounding the proposed nuclear power plant at Haripur in West Bengal, the Nuclear Power Corporation of India (NPCIL) has said that work on the project will start by 2014.The environmental evaluation process is expected to be over by 2012 and the land acquisition will kick off only after that. Continue reading →

March 3, 2011 Posted by | business and costs, India | Leave a comment

Two University chairs to be funded by nuclear company

Fluor, Savannah River Nuclear Solutions donate $1.5 million to USC |  The Greenville News Gift will fund two USC chairs, By Jenny Munro    February 28. 2011 Fluor Corp. and Savannah River Nuclear Solutions, the company’s arm that operates the nuclear facility, announced a $1.5 million gift Monday to the University of South Carolina for the Center of Economic Excellence for the Hydrogen Economy…….Fluor, Savannah River Nuclear Solutions donate $1.5 million to USC | greenvilleonline.com | The Greenville News

March 1, 2011 Posted by | marketing, USA | Leave a comment

Push for a $2 billion loan for Ohio uranium enrichment plant

Members of Ohio Congress urge Obama administration to guarantee $2 billion loan for Piketon uranium-enrichment plant, WKSU News: , February 28, 2011, Amanda Rabinowitz “……….A delegation of Ohio Congress members is urging the president’s administration to work quickly on a $2 billion loan guarantee for a uranium-enrichment plant in southern Ohio. They’ve sent a letter to Energy Secretary Steven Chu, saying quick action on the loan guarantee is key to the future of the American Centrifuge plant in Piketon. Developer USEC says it needs the loan guarantee to finish the plant. The government rejected a $2 billion guarantee for the project in 2009…….WKSU News: Headline News for Monday, February 28, 2011

March 1, 2011 Posted by | marketing, USA | Leave a comment

Farmers benefiting financially from renewable energy

The survey results also show an economic upside to producing energy on the farm. Farmers in nearly every state reported savings on their utility bills. The savings were especially noticeable in New York, where utility bill savings reported by respondents topped $5,000 for 2009……..

On-farm renewable energy production shows growth, Hawaii 247.com, 28 Feb 2011, The number of solar panels, wind turbines and methane digesters on America’s farms and ranches has increased significantly over the past decade and there are now 8,569 operations producing their own renewable energy, according to the results of the 2009 On-Farm Renewable Energy Production Survey. Continue reading →

March 1, 2011 Posted by | business and costs, renewable, USA | Leave a comment

Nuclear industry survives only with corporate welfare

The report finds that taxpayers have subsidized the nuclear fuel cycle through every stage from mining to long-term storage of radioactive waste. It identified a total of 30 different subsidies that when combined have repeatedly exceeded the average market price of any power produced.

Scientists: Nuclear power isn’t viable without corporate welfare, SmartPlanet,  By David Worthington | Feb 23, 2011 Nuclear power was supposed to be too cheap to meter, but a science-based nonprofit that advocates for environmental and public health issues has published a new report that casts doubt that it was ever really economically viable. Continue reading →

February 25, 2011 Posted by | business and costs, USA | Leave a comment

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