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Nuclear energy looking uneconomic in Germany

The government’s plans to impose taxes on nuclear power plant operators are part of a package–totaling around EUR82 billion between 2011 and 2014–to cut public budget deficits. The duty on nuclear fuel rods is expected to contribute EUR2.3 billion in tax income each year…..

German Utilities Warn Fuel Tax May Herald End Of Nuclear Energy – WSJ.com, By Jan Hromadko, Dow Jones Newswires; AUGUST 12, 2010, FRANKFURT  -Germany’s plan to tax the fuel used to fire nuclear power plants could make reactors unprofitable and hasten the country’s exit from atomic energy generation, Continue reading →

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

Westinghouse and EDF hang on delayed nuclear sales to Poland

Polska Grupa Energetyczna (PGE), has recently signed a number of non-exclusive cooperation agreements with Westinghouse Electric, GE Hitachi and France’s EdF.

Poland delays nuclear plant scheduleWarsaw (Platts)–13Aug2010 The revised schedule is contained in the government’s nuclear program project. Continue reading →

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

German nuclear companies doubtful future prospects

Merkel may have to settle for nuclear reactor lifetimes shorter than the 60 or so years in other European countries after she lost control of parliament’s upper house in a defeat for her Christian Democrats in a state election in May. The Social Democrats and Green Party, which set Germany on course to phase out nuclear power in 2000, oppose an extension.

E.ON, RWE Poised to Cut Spending as Nuclear Tax Erodes Profits, Bloomberg,By Nicholas Comfort – Aug 10, 2010 E.ON AG and RWE AG, two of the worst performers in Germany’s benchmark DAX share index this year, are poised to cut dividends and investment because a proposed tax on nuclear reactors will erode the utilities’ profits. Continue reading →

August 11, 2010 Posted by | business and costs, Germany | , | Leave a comment

The ‘nuclear renaissance’ – a bailout to prevent nuclear industry bankruptcy

The “nuclear renaissance” is simply a bailout, not unlike the Wall Street bailout, for nuclear power companies who face bankruptcy without a massive government infusion of tax-payer funds.

August 6 and 9: Perils and Possibilities, t r u t h o u t,  06 August 2010, by: H. Patricia Hynes and Jeff Napolitano, Not Economically Feasible The economics of nuclear power is as trouble-ridden as the technology. The nuclear industry is underwritten with taxpayer money in the form of tax subsidies and limited liability and, in a free market, would not exist. Continue reading →

August 7, 2010 Posted by | business and costs, USA | Leave a comment

The end of USA’s nuclear resuscitation dream?

Constellation has even stated it could completely shut down operations in Maryland by the end of the year if it hadn’t received a federal guarantee……

The U.S. nuclear renaissance coming to an end already ? POWER GEN, by Brian Wheeler. August, 4 2010 – While the United States nuclear industry is continuing on its path to expand, there seems to be a roadblock for some companies. Cost. The capital cost for nuclear power plants is not cheap and this had led to some companies cutting back spending and even looking at canceling planned new nuclear development. Continue reading →

August 5, 2010 Posted by | business and costs, USA | , , , , | Leave a comment

France’s dubious dream of global nuclear power empire

France’s recent nuclear record is so ragged, it may struggle to win orders whatever the ownership structure. A new generation nuclear-power station being build by French state-owned reactor maker Areva in Finland is years behind schedule and nearly 80% over budget. A new EDF plant in France using the same Areva technology is also behind schedule……

France’s Tricky Nuclear Fusion, – WSJ.com, Matthew Curtin, AUGUST 3, 2010 “…..President Nicolas Sarkozy wants to create a French nuclear powerhouse. France believes 250 nuclear power stations will be built worldwide over the next 20 years, requiring total investment of $1 trillion or more. But dominating this market may be harder than Mr. Sarkozy thinks. Continue reading →

August 4, 2010 Posted by | business and costs, France | , , , , | Leave a comment

France shows the way to nuclear financial meltdown

Last week, AREVA posted a massive operating loss of 485 million euros for the first half of 2010…..Electricite de France (EDF)  finds itself in a similar predicament. In the first half of 2010, the company saw its profits slashed by almost half.

France leads the way in the nuclear debacle Greenpeace International, by jmckeati – August 2, 2010 If you want to know why the so-called nuclear ‘renaissance’ is never going to happen, you need only look at the news that’s been coming out of France in the last few days. Continue reading →

August 3, 2010 Posted by | business and costs, France | , , , , , , , , , | Leave a comment

Uranium Resources share price plunges

NASDAQ downward movements in review:  Penny Stock Live. 2 Aug 2010, Uranium Resources, Inc. (NASDAQ: URRE) plunged by 0.19% to close at $0.52 whereas overall traded volume stood at 1.73 million shares. Uranium Resources, Inc. (URI) is a uranium exploration, mine development and production company.

NASDAQ downward movements in review: (URRE, ALTH, CHINA, SONS, HERO) | Penny Stock Live

August 3, 2010 Posted by | business and costs, Uranium, USA | , | Leave a comment

Nuclear industry resuscitation in trouble in USA

Nuclear Projects Looking for a Savior : CleanTechnica, by Zachary Shahan  August 1st, 2010 “….two nuclear reactors that are an urgent matter to some (in the nuclear industry and politics) and also, potentially, the source of a very big bill for U.S. taxpayers….. Continue reading →

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

French nuclear firm EDF’s financial woes

“The U.S. provision is bad news,”…… Results were also hurt by “poor availability” of nuclear reactors in France and the U.K……EDF has expanded in Europe, China and the U.S., driving up debt,

EDF Net Income Tumbles 47% After Outlook Dims for Nuclear Project in U.S. – Bloomberg, By Tara Patel – Jul 30, 2010 Electricite de France SA, Europe’s biggest power generator, reported a 47 percent drop in first- half profit on a charge linked to the development of a nuclear reactor in the U.S. and the outlook for low power prices there. Continue reading →

July 31, 2010 Posted by | business and costs, France | , , , , , , , , , | Leave a comment

Nuclear power industry resuscitation continues to falter

The U.S., which hasn’t licensed any new reactors since the 1979 accident at Three Mile Island in Pennsylvania, is trying to revive nuclear-power construction…….The last new plant to be licensed opened in 1987.

U.S. Nuclear Projects Tied Up Awaiting Federal Loan Guarantees – Bloomberg, By : Katarzyna Klimasinska – Jul 30, 201// <![CDATA[// 0 The so-called nuclear renaissance that was supposed to boost U.S. capacity to generate emissions- free power may stall as developers await decisions from the Obama administration on federal aid…. Continue reading →

July 31, 2010 Posted by | business and costs, USA | , , , , , , | Leave a comment

Renewable energy investment going to China, not USA

Senate Inaction Cedes U.S. Energy Race to China: Bloomberg,   By Eric Pooley – Jul 30, 2010 “….. On July 27, when Majority Leader Harry Reid unveiled the “Clean Energy Jobs and Oil Company Accountability Act,” the two most powerful clean energy provisions were missing: a cap on carbon emissions from the electric power sector and a national Renewable Electricity Standard (RES), which would require utilities to generate at least 15 percent of their electricity from renewable sources by 2021….. Continue reading →

July 30, 2010 Posted by | business and costs, USA | , , , , , , , | Leave a comment

Nuclear ‘renaissance’ could end in a welcome nuclear abortion

Even with government support, the Maryland project could be shelved….For investors, the collapse of both projects could come as welcome news because of the high costs, myriad of uncertainties and lengthy development schedule.

Constellation To Reduce Spending On Nuclear Project , WSJ.com, By Mark Peters, Dow Jones Newswire28 July 2010, Constellation Energy Group Inc. (CEG) will reduce spending on a new reactor planned for a nuclear-power plant in Maryland as its bid for a federal loan guarantee for the multibillion-dollar project drags on. Continue reading →

July 29, 2010 Posted by | business and costs, USA | , , , , , , , , , , | Leave a comment

Delays threaten viability of UK nuclear power plans

Small Delays For UK Nuclear Could Have Wider Impact – WSJ.com. By Selina Williams, JULY 28, 2010, LONDON (Dow Jones)–Even small delays to licensing, planning and design approvals for new nuclear power stations in the U.K. could lead to much broader complications …, the head of U.K. utility Centrica PLC (CNA.LN) said Wednesday……… Before new nuclear can go ahead, government and industry have to agree on a carbon price floor to stimulate investment, complete reform of the electricity market, resolve planning issues and approvals, license the new reactor technology and agree a funding plan for decommissioning……

July 29, 2010 Posted by | business and costs, UK | , , | Leave a comment

Grave financial risks in nuclear power

The last generation of nuclear plants left taxpayers on the hook for more than $300 billion in bailouts and rate hikes following ‘mishaps.’ All signs indicate that the new class of reactors will be just as problematic.

Solar Is A Bargain Deal Compared To Nuclear, Change.org,  by Ben Buchwalter July 28, 2010 Proponents of nuclear energy rely on three key reasons our country should develop new nuclear reactors rather than invest in cleaner solar power. One: They claim nuclear is cheaper than alternatives. Two: They say it is more efficient. Three: They say it relies on existing technology. Continue reading →

July 29, 2010 Posted by | business and costs, USA | , , , , , , , , , | Leave a comment

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