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Recent Posts
- Plant leaking radioactive water into Lake Michigan
- Another radioactive animal story: Contaminated goldfish at Ohio nuke
- New problem at Fukushima: Groundwater leaking into contaminated plant and how to dispose of it
- And another victory: Duke suspends plans for two new reactors at South Carolina plant
- NRC blocks expansion of Texas nuke over ownership issue
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Category Archives: Finance
“We can’t make the numbers work,” says chief nuclear officer for Exelon; Will rising construction costs and cheaper alternatives doom the Nuclear Renaissance?
An in-depth article in this morning’s Tampa Bay Times lays out the case against building new nuclear power plants: Building a nuclear plant is not the cheapest way to keep the lights on. Not with such low natural gas prices. Not … Continue reading
Problems with insurance company may force permanent closure of Crystal River nuke
The Tampa Bay Times reported today: Progress Energy already plans to stick its customers with a $670 million bill for the botched upgrade to the Crystal River nuclear plant. Now those customers have reason to fear that Progress will try … Continue reading
Posted in Concrete, Crystal River, Finance, Plant shutdowns
Tagged Crystal River, Florida, nuclear power, United States
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Canadian nuke evacuated after heavy water spill
CTV News reported this afternoon: Officials at New Brunswick Power have pegged a damaged pump diaphragm as the culprit of a recent radioactive heavy water spill at the Point Lepreau nuclear power plant. Staff were evacuated from the plant in … Continue reading
Posted in Canada, Coolant leak, Finance, Plant shutdowns, Radiation leak, Reactor problems
Tagged Canada, coolant leak, nuclear power, Point Lepreau
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Dredging wetlands to build a nuclear power plant? Maryland says, “Why not?”
The Baltimore Sun carried this item earlier in the week: The state Board of Public Works gave its unanimous approval Wednesday to a wetlands dredging permit for a company that hopes to build a third nuclear reactor at the Calvert … Continue reading
Posted in Calvert Cliffs, Expansion, Finance, Uncategorized
Tagged Calvert Cliffs, expansion, Maryland, nuclear power, United States
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New report: U.S. ‘nuclear renaissance’ unlikely after Fukushima
(Is it just me, or is there something about this picture of one of the containment buildings at Fukushima that’s just a little reminiscent of Norman Bates’ mother’s house in Psycho?) The Los Angeles Times just reported: A new study … Continue reading
TEPCO stock falls to lowest level since 1974; Company claims right to raise rates to compensate for losses
Bloomberg Businessweek reported today: Tokyo Electric Power Co. shares fell to the lowest in at least 37 years after Trade and Industry Minister Yukio Edano said the company should consider being nationalized. The stock fell 12 percent to close at … Continue reading
Posted in Finance, Fukushima, Japan, TEPCO
Tagged fukushima, Japan, nuclear power, TEPCO
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Japan to acquire two-thirds of TEPCO, amounting to “de-facto nationalization”
The Japan Times just reported: The government of Japan is planning to acquire two thirds of Tokyo Electric Power Co. (TEPCO) in a de-facto nationalization. Sources were quoted as saying the Japanese government will put in about $13 billion into … Continue reading
TEPCO selling assets to fund compensation efforts
Bloomberg Businessweek reported earlier today: Tokyo Electric Power Co. will raise 186.3 billion yen ($2.4 billion) selling its stake in KDDI Corp., its biggest disposal since saying it plans to offload assets to pay compensation for the Fukushima disaster. The … Continue reading
Posted in Earthquake, Finance, GE Mark I reactor, Japan, Plant shutdowns, Radiation leak, Reactor problems
Tagged compensation, fukushima, Japan, nuclear power, TEPCO
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Japanese government approves $11.5 billion bailout for TEPCO
The Los Angeles Times just reported: In a sizable taxpayer bailout, Japan’s central government on Friday announced that it would give $11.5 billion in public funds to help the utility that runs the tsunami-stricken Fukushima Daiichi nuclear power plant. The … Continue reading
Posted in Finance, Fukushima, Japan, Plant shutdowns, Radiation leak, Uncategorized
Tagged bailout, fukushima, Japan, nuclear power, TEPCO
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