Biden DOE launches nuclear plant bailout plan

The Biden administration last week launched a $6 billion plan to keep uneconomic nuclear power plants operating as “the nation’s largest source of clean power.” The money comes from the bipartisan infrastructure bill that passed Congress early in the administration, under a provision titled the “Civilian Nuclear Credit Program.” Energy Secretary Jennifer Granholm said, “U.S. … More Biden DOE launches nuclear plant bailout plan

Will France spark a nuclear power renaissance?

Will France, the second largest nuclear power country after the US, spark a revival in atomic energy? President Emmanuel Macron, once a nuclear skeptic, announced last week that he is committing France to build six new generation of pressurized water nuclear power plants at existing sites, beginning in 2028, with the plants operational in 2035. … More Will France spark a nuclear power renaissance?

Federal audit finds serious FirstEnergy accounting problems

A Federal Energy Regulatory Commission financial audit has found Ohio-based FirstEnergy improperly accounted for many expense items, including its spending on the controversial and now cancelled legislation (HB6) to bail out two uneconomical nuclear power plants and a coal plant. As a result, the company will have to refund, by its calculation, at least $9.5 … More Federal audit finds serious FirstEnergy accounting problems

Guest commentary: Back away from fast reactors

By Henry Sokolski and Victor Gilinski A Jan. 26 agreement to cooperate on fast nuclear reactor technology between the Japanese Atomic Energy Agency and Mitsubishi Heavy Industries Ltd. with American TerraPower LLC raises worrisome international security issues. The agreement’s immediate goal is building a 350-megawatt nuclear plant, called Natrium, in the U.S. state of Wyoming, … More Guest commentary: Back away from fast reactors

DOJ drops charges against ex-Westinghouse CEO in return for testimony in VC Summer criminal cases

The U.S. Department of Justice is dropping criminal charges against former Westinghouse CEO Danny Roderick in return for becoming a witness in the criminal cases involving the failed V.C. Summer two-unit, 2,000-MW nuclear construction project. The project cratered in July 2017 after spending some $10 billion and constantly lying to state regulators about the progress … More DOJ drops charges against ex-Westinghouse CEO in return for testimony in VC Summer criminal cases

Finland’s Olkiluoto 3 nuke finally could be nearing the finish line

Nearly 20 years after construction began, Finland’s 1,600-MW Olkiluoto 3 nuclear power plant could be in limited service early next year. The plant, a French-designed advanced pressurized water reactor has seen a world of troubles throughout its lengthy construction period, plagued by design issues and construction delays by the French-German Areva-Siemens consortium. Construction began in … More Finland’s Olkiluoto 3 nuke finally could be nearing the finish line

Biden DOE pushing interim storage for nuke waste

The Biden administration, facing over half a century of US failure to deal with spent nuclear fuel, including the latest, 30-year debacle of the now-abandoned Yucca Mountain geologic repository in Nevada, has decided to revive a push for monitored, retrievable interim storage. US high-level nuclear waste totals some 86,000 tons of metal, and the inventory … More Biden DOE pushing interim storage for nuke waste

Group warns against exporting fast reactors

As the Biden administration pushes advanced nuclear reactors as a weapon against global warming, including export of US technology, the Washington-based Nonproliferation Policy Education Center (NPEC) is warning that the Department of Energy should eschew export of sodium-cooled, fast breeder reactors. In a Nov. 29 letter to Energy Secretary Jennifer Granholm, Henry Sokolski, NPEC executive … More Group warns against exporting fast reactors