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Florida nuclear project slowing down

Progress: Expects Slower Schedule For Florida Nuclear Project – WSJ.comNEW YORK (Dow Jones) 19 Jan 2010 -Progress Energy Inc. (PGN) said it expects to slow down the schedule of a nuclear power plant it is planning in Florida, following a recent decision by state regulators not to increase electricity rates.Executives from the company said they are looking to slow down and spread out spending on a dual-reactor nuclear power plant in northern Florida’s Levy County. Continue reading →

January 20, 2010 Posted by | business and costs, USA | , , , | Leave a comment

France’s nuclear industry: AREVA and EDF locked in dispute

Bitter row throws French nuclear industry into turmoil Times Online January 18, 2010 Adam Sage, Paris

The French nuclear industry is in turmoil as uranium supplies have dried up and the treatment of spent fuel has been blocked amid an increasingly bitter row between the heads of its two main state operators.

EDF, the electricity group that runs 58 reactors in France, said that Areva, the nuclear energy group, had stopped uranium deliveries on January 4 and was refusing to take away spent fuel for reprocessing.

”The transport of combustibles isn’t working at the moment,” Anne Lauvergeon, the chairwoman of Areva, said. Continue reading →

January 19, 2010 Posted by | business and costs, climate change, France | , , , , , | Leave a comment

Future uncertain for USA’s nuclear industry

US govt says loans for nuclear plants complicated REUTERS Jan 15, 2010  Loan guarantees may be enough for only 2 new reactors
* Chu says reactors can store spent fuel on site 50 years

* Utilities should not complain about waste storage costs

By Tom Doggett

WASHINGTON, Jan 15 (Reuters) – U.S. Energy Secretary Steven Chu said on Friday that the process for approving federal loan guarantees for new nuclear power plants has become “complicated,” Continue reading →

January 17, 2010 Posted by | business and costs, USA | , , , | Leave a comment

Uranium company in dire financial straits

World`s least wanted uranium stock –  Moneyweb Barry Sergeant|13 January 2010 “………….To date, First Uranium……. uranium production is yet to see the light of day. Stock exchange regulators in a number of jurisdictions have been on the retreat for the past few years, in the wake of some of the biggest, babbling, investment scandals yet to besiege mankind. So far, First Uranium has apparently managed to say off the radar screen, but promises in its Toronto prospectus have turned out to be a shoddy disgrace…………… Continue reading →

January 14, 2010 Posted by | 2 WORLD, business and costs | , , | Leave a comment

South Korea aims to be the big nuclear supplier

South Korea Targets $400 Billion Nuclear Plant Orders January 13, 2010,
Business Week By Shinhye Kang

Jan. 13 (Bloomberg) — South Korea, which won its first overseas order to build a nuclear power plant in December, aims to secure $400 billion of contracts by 2030…………..State-run Korea Electric Power Corp. led a group that beat Areva SA, the world’s biggest nuclear power plant builder, and General Electric Co. in winning an order from the United Arab Emirates, the first awarded by a Gulf Arab nation. France, the U.S., Canada, Japan and Russia are currently the biggest exporters of atomic generators.

South Korea Targets $400 Billion Nuclear Plant Orders (Update2) – BusinessWeek

January 14, 2010 Posted by | business and costs, South Korea | , , | Leave a comment

Cost blowout in refurbishing Canadian nuclear plant

N.B. premier threatens to sue Ottawa over nuclear power plant refurbishment Google News By Kevin Bissett (CP)  11 Jan 2010 FREDERICTON — New Brunswick Premier Shawn Graham has delivered an ultimatum to the federal government – cover the cost overruns on the refurbishment of the Point Lepreau nuclear power plant or his government will sue Atomic Energy of Canada Limited. Continue reading →

January 11, 2010 Posted by | business and costs, Canada | , , | Leave a comment

Prohibitive costs of new nuclear reactors

no nuclear reactors started in the last ten years were up and running and two of the plants currently under construction in France and Finland were experiencing problems.  Over 3,000 problems have been found at the Finnish construction site causing delays and huge cost overruns.

The scary side of nuclear power revealed, Green.Blorge

January 6, 2010
by Susan Wilson

After thirty years, the nuclear power industry is making a come back.  What caused the hiatus and why does the thought of new nuclear reactors frighten so many people?  Well, there’s Vogtle’s cost overruns and the nightmares from Chernobyl and Three Mile Island. Continue reading →

January 8, 2010 Posted by | business and costs, USA | , , , | Leave a comment

Escalating costs of closing down old nuclear plants

Entergy Units Short of Money to Close Nuke Plants  2  Entergy units short of having enough money to eventually close nuclear plants

abc BEWS/Money By ALAN SAYRE AP Business Writer
NEW ORLEANS January 6, 2010 (AP)
Two Louisiana power utilities owned by Entergy Corp. are short $235.5 million for the projected costs of eventually closing two nuclear generating plants — and the power provider wants slight increases in customer rates to close the gap. Continue reading →

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

Nuclear power – the most expensive electricity

Meltdown, USA: Nuclear Drive Trumps Safety Risks and High Cost 06 January 2010 by: Art Levine, t r u t h o u t | News Analysis“………most critically, nuclear power-generated electricity is so much more expensive for consumers and businesses to use than renewables and conservation combined. Continue reading →

January 7, 2010 Posted by | 2 WORLD, business and costs | , , , , , | Leave a comment

Tax-payer must be liable for nuclear accidents

But why haven’t Russia or France demanded that such a law be passed in India? “In the US the equipment manufacturers are in the private sector whereas in other countries they are either government owned or act like one,” Kakodkar replied.

Nuclear liability limit needed to enter global trade: Kakodkar Little About, Chennai, Jan 5 : A law to limit the liability of nuclear equipment makers in case of accident is a basic need to enter global nuclear trade, the ex-head of the Atomic Energy Commission (AEC) has said, Continue reading →

January 6, 2010 Posted by | business and costs, India | , , , , , | Leave a comment

Still no new nuclear reactors in USA, while costs balloon

banks are now declaring that they consider such projects too risky to finance without large public subsidies.

Waiting for the Nuclear Renaissance Energy Wise  Bill Sweet   January 04, 2010 The spotlight is on San Antonio, where a consortium led by Toshiba is set to build two new advanced boiling water reactors. Though the project is one of the most advanced in the United States in terms of approvals and planning, the Texas city is holding off on a $400 million bond issuance to support it because of sharply higher projected costs, and the city-owned utility CPS Energy may back out. Continue reading →

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

What nuclear renaissance? – Tax-payers at risk

What about  a nuclear future?  GREEN>BLORGE by Susan Wilson January 4, 2010 The nuclear energy sector will be receiving $18.5 billion in loan guarantees to build new nuclear reactors. Building new nuclear power plants ended about 30 years ago when cost overruns caused a myriad of unfinished plants to be abandoned. Will the subsidies jumpstart a nuclear renaissance or will it simply disappear into a black hole? Continue reading →

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

Chinese company wants nuclear powered ships

Chinese Shipping Company Mulls a Nuclear-Powered Fleet New York Times December 31, 2009, By JAMES KANTER “…..
In a speech reported earlier this month by Lloyd’s List, the London-based maritime newspaper, the chief executive of the Chinese shipping giant Cosco, Wei Jiafu, said his company was co-operating with Chinese nuclear companies to study the idea.

According to Lloyd’s, Mr. Wei had called on international industry organizations like Intertanko and the International Chamber of Shipping to support the safe (?) use of nuclear energy to power ships.

Chinese Shipping Company Mulls a Nuclear-Powered Fleet – Green Inc. Blog – NYTimes.com

December 31, 2009 Posted by | business and costs, China | , , | Leave a comment

Despite building delays in Finland, AREVA seeks EPR nuclear contract in California

Areva eyes California’s Central Valley for nuclear reactors San Francisco Business Times – by Steven E.F. Brown December 29, 2009

French nuclear power giant  AREVA is talking to a group of investors about putting one or two atomic power plants in California’s Central Valley.

Paris-based Areva said Tuesday it’s signed a letter of intent with Fresno Nuclear Eneegy Group LLC, which it calls “a group of investors,” about early work necessary to bring the company’s advanced EPR technology to California…………

Areva has been working on the EPR project in Finland for four years, a third reactor on an island at Olkiluoto, on the country’s southwestern coast. That 1,600 megawatt project was set to start generating power this year, but has been delayed.

December 30, 2009 Posted by | business and costs, USA | , , , , , , , | 1 Comment

Some anxiety in the French nuclear industry

French nuclear sector re-thinks strategy after UAE setback Sydney Morning Herald December 30, 2009 The French nuclear power sector is to re-focus its strategy, notably in Britain and the United States, after losing out to a South Korean consortium on a $US20.4 billion ($A22.99 billion) project in the United Arab Emirates……….. Continue reading →

December 30, 2009 Posted by | business and costs, France | , , , , , , | Leave a comment

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