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

Nuclear lobby looking to “modernising” old reactors, as AREVA’s new ones failing

SPIEGEL ONLINE By Dinah Deckstein, Frank Dohmen and Cordula Meyer Translated from the German by Christopher Sultan. 16 Oct 09

Modernization instead of new construction. Is the new strategy to launch a renaissance through the back door? At first, the chaos surrounding the Olkiluoto reactor reveals that the industry is by no means ready to build new power plants cheaply and safely in the Western world. Utilities, with their massive financial risks, can no longer support such mammoth projects — unless the government steps in. Continue reading →

October 16, 2009 Posted by | 2 WORLD, business and costs | , , , , , , | Leave a comment

“New generation” nuclear renaissance is just not happening

Problems Plague Launch of ‘Safer’ Next-Generation Reactors

SPIEGEL ONLINE By Dinah Deckstein, Frank Dohmen and Cordula Meyer Translated from the German by Christopher Sultan. 15 Oct 09

The executives of electric utilities worldwide are dreaming of a renaissance in nuclear power. But problems with a new, state-of-the-art reactor in Finland suggest that this is unlikely to happen. The industry’s alternative strategy is to modernize older plants to drastically extend reactor lifetimes. Continue reading →

October 16, 2009 Posted by | business and costs, Finland | , , , , , , | Leave a comment

Funding and planning problems hit Italy’s nuclear industry

Italy may have big nuclear ambitions, but funding and plannning problems have not been resolved  Utilty Week by: Simon Jones | 02 October 2009 Enel has set up a joint venture with EDF to deliver the first four of at least ten nuclear reactors in Italy, as promised by president Berlusconi. But where to site the reactors – and how to pay for them – has yet to be established.. Continue reading →

October 13, 2009 Posted by | 1, business and costs, Italy | , , , | Leave a comment

Financial risk in Entergy’s nuclear plan

Greenpeace says beware of Enexus The Brattleboro Reformer By BOB AUDETTE 13 Oct 09 BRATTLEBORO — Despite the Department of Public Service’s assertion that recent concessions made by Entergy will benefit Vermont ratepayers, the company’s plan to spin off Vermont Yankee nuclear power plant into a new subsidiary is bad news for the Green Mountain State. Continue reading →

October 13, 2009 Posted by | 1, business and costs, USA | , , , | Leave a comment

France to promote Bulgaria’s nuclear power

Sarkozy Offers Help for Bulgaria’s Nuclear Plant Belene Energy Novinite.com Sofia News Agency  October 12, 2009

French President Nicolas Sarkozy has vowed cooperation for the construction of Bulgaria’s planned second nuclear power plant on the Danube, which has hit funding problems. Continue reading →

October 13, 2009 Posted by | 1, business and costs, EUROPE | , , , , | Leave a comment

Connecticut nuclear reactor shut due to electrical problem

Oct 7, 2009 9 NEW YORK, Oct 7 (Reuters) – Dominion Resources Inc (D.N) shut the 882-megawatt Unit 2 at the Millstone nuclear power plant in Connecticut due to an electrical problem in the switchyard, a spokesman for the company said Wednesday……… Electricity traders guessed the unit would return in about a month. http://www.reuters.com/article/rbssIndustryMaterialsUtilitiesNews/idUSN0747032220091007

October 11, 2009 Posted by | business and costs, USA | , , | Leave a comment

Nuclear industry causing a “tsunami” of debt

The many financial failure tsunamis of nuclear power Ace Hoffmann October 7th, 2009 “…………………Seismologists, geologists, and other experts say our coastal nuclear reactors are NOT properly protected (and can’t be) against reasonably foreseeable — even expected — tsunamis…………

Real tsunamis aside, a financial crisis is often called a tsunami as well. Continue reading →

October 10, 2009 Posted by | 1, 2 WORLD, business and costs | , , , , , | Leave a comment

$25 million penalty resulting from shutdown of nuclear plants

Florida Utlity Company to Pay $25 Million for Blackout New York Times By MATTHEW L. WALD

Published: October 8, 2009

WASHINGTON — A Florida utility has agreed to pay a record $25 million penalty for causing a blackout that left nearly a million customers in the dark in February 2008. Continue reading →

October 9, 2009 Posted by | business and costs, USA | , | Leave a comment

Energy efficiency and renewables beat nuclear on costs

Nuclear Power – Climate Fix or Folly –Treehugger, Rebecca Cole, Rocky Mountain Institute 7 Oct 09

“………….Lovins points out nuclear drawbacks and a better path forward.
Lovins, who for years has argued that nuclear power is an “uncompetitive, unneeded and obsolete” way to reduce the country’s dependence on fossil fuels, again reiterated that efficiency, distributed generation and renewable energy is a better path. Continue reading →

October 8, 2009 Posted by | 2 WORLD, business and costs, climate change | , , , | Leave a comment

Dubious future of “nuclear renaissance”

WNA report – what is the future of fuel? NUCLEAR ENGINEERING 29 September 2009

” ……………….there remains a worry that the so-called nuclear renaissance, much discussed both within and outside the industry in recent years, is threatened by a huge variety Continue reading →

September 30, 2009 Posted by | 1, 2 WORLD, business and costs | , , , , , | Leave a comment

Costs of radioactive waste licensing

Spending debates affect nuclear agency’s operations in Arizona NEI SmartBrief | 09/28/2009 State agencies in Arizona are facing financial problems as Gov. Jan Brewer and lawmakers struggle in the aftermath of her veto of budget-related legislation. Continue reading →

September 30, 2009 Posted by | 1, business and costs, USA | , , , , , , , | Leave a comment

Nuclear power seeks govt funds, despite unsolved problems

Nuclear power revisited: The elephant in the roomThere’s still nowhere to put that toxic waste Star Tribune By BILL GRANT : September 26, 2009 Recently announced effort seeks to end a ban on the construction of new nuclear power plants within Minnesota Continue reading →

September 28, 2009 Posted by | 1, business and costs, USA | , , , , , , , | Leave a comment

Doubts, as uranium price keeps falling

graph-downwardFNArena News -By Andrew Nelson September 22 2009
Week by week the uranium spot price ticks a little lower, this week it’s down a noteworthy US$2.00 to $42.50 reports uranium market consultant TradeTech…… Continue reading →

September 23, 2009 Posted by | 2 WORLD, business and costs | , , , | Leave a comment

France’s failing atomic energy industry

Tom Friedman’s Idiocy Atomique
COUNTER PUNCH By HARVEY WASSERMAN 23 Sept 09 France’s atomic power industry is a failed radioactive flame. Its 58 reactors are unpopular, unsafe, uneconomical, dirty, direct agents of global warming, weapons proliferators and major generators of atomic waste for which there is no management solution. Continue reading →

September 23, 2009 Posted by | 1, business and costs, France | , , , , , , , | Leave a comment

Egypt’s Nuclear program doubts, especially cost

21 Sep 2009Egypt’s Nuclear Imbroglio

Egypt is struggling to get its nuclear energy program off the ground, three years after officially announcing the revival of its moribund civil reactor program, Dr Dominic Moran writes for ISN Security Watch.

ISN By Dominic Moran in Tel Aviv for ISN Security Watch 21 Sep 2009

The revived Egyptian civil nuclear program could be heading into choppy waters, Continue reading →

September 22, 2009 Posted by | 1, business and costs, MIDDLE EAST | , , | Leave a comment

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