Skip to main content

Nuclear Energy Industry Transitions

John Swailes is the new vice president and plant manager at Louisiana Energy Services’ (LES) National Enrichment Facility outside Eunice, N.M. LES will begin construction on the uranium enrichment facility in the fall if it receives an operating license from the Nuclear Regulatory Commission, which it expects to do this spring.

Arthur Lembo is the new president of SGT LLC, a joint venture between Washington Group International and AREVA’s Framatome ANP to provide services for large compenent replacement projects at nuclear power plants. Lembo formerly was Washington Group’s vice president of power maintenance and modification services.

The Nuclear Regulatory Commission has appointed Otto Maynard to its Advisory Committee on Reactor Safeguards. Maynard currently is a consultant to the nuclear and aviation sectors and also is a member of the Safety Review and Audit Board for Cooper Nuclear Station.

The NRC also has named George Malone the new senior resident inspector at the Hope Creek nuclear power plant in Hancocks Bridge, N.J. Replacing him as resident inspector at the Salem nuclear power plant, also in Hancocks Bridge, is Harry Balian. In addition, the NRC named Ted Wingfield the new resident inspector at Hope Creek. Ryan Treadway is the new resident inspector at Oyster Creek in Lacey Township, N.J.

Bill Fehrman will resign as president and CEO of Nebraska Public Power District (NPPD) to become senior vice president of MidAmerican Energy Holdings Co., effective April 1, 2006. Fehrman had been with NPPD since 1981 and served as CEO since 2003.

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...