Skip to main content

Senate to Consider Sproat Nomination

The Senate Energy and Natural Resources Committee will be considering the nomination of Ward Sproat to be Director, Office of Civilian Radioactive Waste Management at the Department of Energy. Also on the agenda is the nomination of Jeffrey D. Jarrett to be Assistant Secretary for Fossil Energy.

Click here for the live stream of the hearing beginning at 10:30 a.m. U.S. EST. One of my colleagues, Trish Conrad, is at the hearing and will providing a summary later in the day.

UPDATE: For some reason, the live stream doesn't seem to be working. We'll be back with a summary later.

AFTERNOON UPDATE: Thanks to Trish Conrad for this short summary:
The Senate Energy and Natural Resources Committee held a confirmation hearing earlier today for Edward F. Sproat, III. Sproat has been nominated to serve as the Director of the Office of Civilian Radioactive Waste Management at the Department of Energy. Among his other responsibilities, Sproat will oversee the design and license application of the Yucca Mountain Project.

Sproat made a personal statement to the committee then responded to brief questions from Senators Pete Domenici (R-NM), Jeff Bingaman (D-NM) and Richard Burr (R-NC).

In his comments, Sproat stated that nuclear must be a part of the country’s energy portfolio and that it can play an important role in limiting greenhouse gases. He also said that we need to develop a spent fuel repository for our national security.

Upon becoming Director, he said his key goals will be the design and license application for the repository, addressing the related transportation issues and following up on the federal government’s obligation regarding taking possession of used fuel from the country’s nuclear power plants.

He noted that reprocessing technologies may relieve some need for long-term disposal, but that a deep repository would still be needed.

Sproat shared that he will approach the job with six values in mind. They are safety, integrity, quality, accountability, teamwork and continuous improvement.

He has been asked by the committee to respond to a series of written questions. The Committee is expected to vote on the nomination shortly after receiving that document.

Technorati tags: , ,

Comments

Popular posts from this blog

Fluor Invests in NuScale

You know, it’s kind of sad that no one is willing to invest in nuclear energy anymore. Wait, what? NuScale Power celebrated the news of its company-saving $30 million investment from Fluor Corp. Thursday morning with a press conference in Washington, D.C. Fluor is a design, engineering and construction company involved with some 20 plants in the 70s and 80s, but it has not held interest in a nuclear energy company until now. Fluor, which has deep roots in the nuclear industry, is betting big on small-scale nuclear energy with its NuScale investment. "It's become a serious contender in the last decade or so," John Hopkins, [Fluor’s group president in charge of new ventures], said. And that brings us to NuScale, which had run into some dark days – maybe not as dark as, say, Solyndra, but dire enough : Earlier this year, the Securities Exchange Commission filed an action against NuScale's lead investor, The Michael Kenwood Group. The firm "misap...

Wednesday Update

From NEI’s Japan micro-site: NRC, Industry Concur on Many Post-Fukushima Actions Industry/Regulatory/Political Issues • There is a “great deal of alignment” between the U.S. Nuclear Regulatory Commission and the industry on initial steps to take at America’s nuclear energy facilities in response to the nuclear accident in Japan, Charles Pardee, the chief operating officer of Exelon Generation Co., said at an agency briefing today. The briefing gave stakeholders an opportunity to discuss staff recommendations for near-term actions the agency may take at U.S. facilities. PowerPoint slides from the meeting are on the NRC website. • The International Atomic Energy Agency board has approved a plan that calls for inspectors to evaluate reactor safety at nuclear energy facilities every three years. Governments may opt out of having their country’s facilities inspected. Also approved were plans to maintain a rapid response team of experts ready to assist facility operators recoverin...

Nuclear Utility Moves Up in Credit Ratings, Bank is "Comfortable with Nuclear Strategy"

Some positive signs that nuclear utilities can continue to receive positive ratings even while they finance new nuclear plants for the first time in decades: Wells Fargo upgrades SCANA to Outperform from Market Perform Wells analyst says, "YTD, SCG shares have underperformed the Regulated Electrics (total return +2% vs. +9%). Shares trade at 11.3X our 10E EPS, a modest discount to the peer group median of 11.8X. We view the valuation as attractive given a comparatively constructive regulatory environment and potential for above-average long-term EPS growth prospects ... Comfortable with Nuclear Strategy. SCG plans to participate in the development of two regulated nuclear units at a cost of $6.3B, raising legitimate concerns regarding financing and construction. We have carefully considered the risks and are comfortable with SCG’s strategy based on a highly constructive political & regulatory environment, manageable financing needs stretched out over 10 years, strong partners...