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The News That Matters about the Nuclear Industry Fukushima Chernobyl Mayak Three Mile Island Atomic Testing Radiation Isotope

$Billions debt will be the result of USA’s nuclear loans

These kinds of advance payments are exactly the kind of financial shenanigans that brought the last nuclear-construction boom to an end, leaving utility ratepayers with billions of wasted dollars in costs.

Sorry, But Nukes Still Don’t Pencil Out, THE HUFFINGTON POST, Carl Pope, August 24, 2010 “……the present generation of pressurized-vessel nuclear power plants makes so little economic sense Continue reading →

August 25, 2010 Posted by | business and costs, USA | , , , , , | Leave a comment

Germany and Belgium lead the way in much-needed nuclear fuel levy

The Belgian government has recently started raising a levy on those power plants, far too small at €5 per MWh, but future government parties want to increase that substantially.

A levy on nuclear producers is right FT.com, August 25 2010 Prof Eric De Keuleneer German chancellor Angela Merkel is wise to tax her nuclear producers.. Continue reading →

August 25, 2010 Posted by | business and costs, EUROPE | , , , , | Leave a comment

Thousands of jobs in Renewable Energy flow from Feed-In Tariff

If we look to those places where renewable energy JOBS are already employing tens of thousands of people, places such as nearly all of Europe and most of Asia; and did I mention Wisconsin?  Yes, Wisconsin! -…..That is the Feed-In Tariff.  It is the one item that is proven to make it all work.

Renewable energy can be the source of JOBS,  Review Messenger, By Richard Carter. 24 Aug 2010, It’s certainly no secret, the economy needs JOBS, especially in rural Minnesota.There is a source of jobs which could help. Those JOBS come from renewable energy: solar electric, solar hot water, solar hot air, and wind. Continue reading →

August 24, 2010 Posted by | business and costs, USA | , , , , , , , | Leave a comment

Russia’s collapsing nuclear industry saved by selling nuclear plant to Iran

The launch is something of a turning point for the Russian nuclear industry, which was near collapse before getting the Iranian contract for Bushehr.

Bushehr Launch Boosts Rosatom, The Moscow Times, 23 August 2010, By Olga Razumovskaya Russia and Iran on Saturday jointly launched the Bushehr atomic power plant, the first in the Middle East, bringing the Islamic republic into the ranks of the world’s 29 nuclear power generating nations. Both sides hailed the startup as a landmark……… Continue reading →

August 23, 2010 Posted by | business and costs, Russia | , , , , , | Leave a comment

AREVA postpones USA nuclear component making to unspecified date

Areva nuclear component manufacturing facility delayed to 2013, Washington (Platts) Steven Dolley, -20Aug 2010 Areva will delay until 2013 the start of manufacturing nuclear power reactor components at a facility being built in Virginia, a company spokesman said Friday…..Areva spokesman Jarret Adams said Friday in an interview that the start-up date for the Newport News facility was postponed because of reduced economic growth and other factors that have “caused some of our customers to slow plans” to build new power reactors. Adams would not name those customers and declined to provide more specific expected dates for completion of construction or the start of manufacturing. Platts: RSS Feed Detailed News

August 21, 2010 Posted by | business and costs, USA | , , , , , , , | Leave a comment

Goldman Sachs going into uranium

Goldman’s glowing – NYPOST.com, By MARK DeCAMBRE , August 20, 2010 Goldman Sachs is about to go nuclear.The gold-plated investment bank, run by CEO Lloyd Blankfein, is making a concerted push into the delivery of uranium for the first time, adding to its high-powered commodities platform….. Continue reading →

August 21, 2010 Posted by | business and costs, Uranium, USA | , , , | Leave a comment

German Govt offered billions to keep aging nuclear reactors going

German utilities offer billions in nuclear deal,  Business Week, By VERENA SCHMITT-ROSCHMANN, 16 Aug 2010, Germany’s utilities are offering to pay the government billions to let them keep their nuclear power plants running longer instead of shutting them down as mandated under current law, energy giant RWE AG said Monday.The companies also want the government to back off a proposed tax on nuclear fuel as part of the deal………German utilities offer billions in nuclear deal – BusinessWeek

August 19, 2010 Posted by | business and costs, Germany | , , , | Leave a comment

Uranium looking like a poor investment

Cameco profit falls as it cuts uranium sales forecast -. Steel Guru , 18 Aug 2010, Cameco Corporation reported a weaker Q2 operating profit as results were hurt by lower uranium sales volumes and a lower realized uranium selling price.The top Canadian uranium producer also lowered its 2010 uranium sales forecast to 30 million pounds from a range of 31 million pounds to 33 million pounds as some customers deferred deliveries into 2011.Cameco said that it expects 2010 uranium revenues to fall 10% to 15% below 2009 levels compared with its prior forecast of 5% to 10% decline….. Steel Guru : Cameco profit falls as it cuts uranium sales forecast – 160993 – 2010-08-18

August 19, 2010 Posted by | business and costs, Canada, Uranium | , , | Leave a comment

U.S. taxpayers fork out for commercial nuclear radioactivity cleanup

USEC now is an investor-owned corporation and has consolidated its enrichment operations at a facility in Paducah, Ky…….

The department rejected a previous request for a loan guarantee in 2009.

Separately, Duke Energy Corp. and Areva SA in mid-2009 announced tentative plans for a 1,650-megawatt nuclear power plant on the Piketon campus. That project remains unscheduled pending site review and exploration of potential federal government financial assistance.

Piketon plant to get $2.1 billion for cleanup work – Business First of Columbus, August 18, 2010, Environmental cleanup of a former uranium processing plant in south-central Ohio will get a boost under a $2.1 billion, 10-year contract the U.S. Department of Energy awarded on Aug. 16. Continue reading →

August 19, 2010 Posted by | business and costs, USA | , , , , , , , | Leave a comment

Colorado uranium mill not likely to reopen

Uranium pullback, High Country News, Jodi Peterson | Aug 18, 2010 It looks like Colorado won’t have a functioning uranium mill anytime soon – to the relief of anti-nuclear advocates.We reported in July that Cotter Corp. was planning to reopen its Canon City site by 2014. Legislation passed this spring means that Cotter would have to clean up prior contamination before starting to process uranium ore again. Now the company plans to stop the monitoring it was doing for toxic emissions at the site — a signal that it won’t continue trying to reopen the mill…….

Uranium pullback — High Country News

August 19, 2010 Posted by | business and costs, Uranium, USA | , , | Leave a comment

Domini Social Investments will invest in energy, but not nuclear

Before nuclear power can be seriously considered to be an effective answer to climate change, we need to solve the nuclear waste problem and we need to address the link between nuclear power and nuclear weapons proliferation.

To date there is no way to distinguish between the uranium enrichment process that is necessary to fuel a nuclear power plant and the enrichment of uranium for use in a nuclear bomb.

Domini does believe that companies with stronger social and environmental profiles should perform better in the long term, and that the use of social and environmental factors can help manage certain types of investment risk.

Social funds: BP, the 1960s, and greed | The Energy Collective, August 16, 2010 by Marc Gunther“.…..I heard from Adam Kanzer, who is managing director and general counsel at Domini Social Investments.….. Continue reading →

August 18, 2010 Posted by | 2 WORLD, business and costs | , , , , , , , , , , , , , | Leave a comment

No ‘nuclear renaissance’ – in fact it’s a decline

The view that the amount of energy derived from nuclear power worldwide will continue its slow decrease during the coming years is further supported by the 2008 annual report of the Euratom Supply Agency, which coordinates the long-term uranium needs of nuclear power plants within the European Union. According to the agency’s forecast, uranium demand in Europe will fall from 21,747 tonnes in 2010 to roughly 16,000 tonnes by 2024.

The reality of nuclear energy is inconsistent with dreams of a renaissanceNuclear energy is not on the rise – the hard facts point to a continuing, slow phase-out around the world   Michael Dittmar   guardian.co.uk,  16 August 2010 Repeatedly in recent years there have been calls for a revival of nuclear power. Yet that renaissance never seems to come. Continue reading →

August 17, 2010 Posted by | business and costs, EUROPE | , , , , , , , | Leave a comment

Financial problems stall new nuclear projects in Brazil

“These nuclear projects take a long time to get off the drawing board and generate a lot of controversy, so they’ll likely be last in line to receive financing,”

Brazil’s Plans For Nuclear Energy May Face Financing Problem,  WSJ.com By Paulo Winterstein, Dow Jones Newswires; AUGUST 16, 2010SAO PAULO, Brazil –Brazil’s plan to build at least five nuclear power plants over the next two decades may run into a financing problem as federal budget constraints limit spending by government-controlled utility Centrais Eletricas Brasileiras SA (ELET6.BR, EBR). Continue reading →

August 17, 2010 Posted by | Brazil, business and costs | , , , | Leave a comment

Uncertainty over nuclear power plants in Canada

Quebec N-station repair delayed amid AECL uncertainty Nicolas Van Praet, Financial  Post ·  Aug. 16, 2010 MONTREAL — Hydro-Québec is pushing back the revamp of its Gentilly-2 nuclear station amid the continuing uncertainty of Atomic Energy of Canada Ltd. Continue reading →

August 17, 2010 Posted by | business and costs, Canada | , , , | Leave a comment

Uranium miner Cameco sees sales and shares slide

Cameco trims sales outlook as second-quarter earnings drop 72 per cent, – Winnipeg Free Press. By: The Canadian Press : 13/08/2010 SASKATOON – Cameco Corp. said Friday it is trimming its 2010 sales outlook as the major uranium producer reported a 72 per cent slide in second-quarter earnings. Continue reading →

August 14, 2010 Posted by | business and costs, Canada, Uranium | , , | Leave a comment

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