Skip to main content

Nuclear Energy Industry Transitions

Image
By Janice
President Bush announced his intention to nominate Philip Moeller and Jon Wellinghoff to be members of the Federal Energy Regulatory Commission. Each would serve the remainder of five-year terms, expiring in 2010 and 2008, respectively. Moeller is executive director of the Washington office of Alliant Energy Corp. Wellinghoff is a partner at Beckley Singleton.

The Institute of Nuclear Power Operations (INPO) elected Lewis Hay III as chairman of its board of directors. Hay is chairman and CEO of FPL Group Inc. INPO also elected David Ratcliffe as the board’s vice chairman. Ratcliffe is chairman, president and CEO of Southern Co. INPO re-elected the other members of its board for 2006.

Kirk Schnoebelen has been elected president of Urenco Inc., effective immediately. He succeeds Charles Pryor, who continues to serve as non-executive director and president and CEO of Urenco Investments Inc.

UniStar Nuclear, the joint venture between Constellation Energy and AREVA Inc., has announced the members of its advisory board. Membership includes:
• Richard Meserve, Ph.D., president of the Carnegie Institution and former chairman of the Nuclear Regulatory Commission.
• General John Gordon (U.S. Air Force, Ret.), former assistant to the president and homeland security adviser under president George W. Bush. He also was the deputy national security adviser for counter terrorism and the national director for counter terrorism. Gordon was undersecretary of energy and the first administrator of the National Nuclear Security Administration.
• James Asselstine, a managing director of Lehman Brothers and former NRC commissioner.
• Kyle McSlarrow, president and CEO of the National Cable and Telecommunications Association and former deputy secretary of energy. He also served on President George W. Bush's Management Council and as the American co-chair of the U.S.-Russia Energy Working Group.
• Neil Todreas, Ph.D., a professor of nuclear science and engineering and mechanical engineering at the Massachusetts Institute of Technology.

AREVA has appointed Jean-Pol Poncelet adviser to the chairman of the executive board. He also is vice president of new energies policy in the international affairs and marketing department.

The United Kingdom’s Nuclear Decommissioning Authority has appointed Mark Leggett its new commercial director, effective March 13. Previously, Leggett was managing director of Aker Kvaerner’s Engineering Services business.

Technorati tags: , , , , , ,

Comments

Post a Comment

Popular posts from this blog

Wednesday Update

By
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...
Post a Comment
Read more

Fluor Invests in NuScale

By
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...
1 comment
Read more

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

By
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...
Post a Comment
Read more