Nuclear Energy Industry Transitions

John Kane retired last week as NEI’s senior vice president of governmental affairs. Alex Flint has replaced Kane, who had been with NEI since 1997. Flint previously was staff director for the U.S. Senate Committee on Energy and Natural Resources. Jim Davis also retired from NEI last week. Davis, director of operations, had been with NEI since 1996.

Jay Thayer, site vice president at Entergy Nuclear’s Vermont Yankee plant, has been named operations vice president liaison. In this new position, Thayer will represent Entergy to NEI. Ted Sullivan will replace Thayer at Vermont Yankee, effective May 1. He currently is site vice president at the Fitzpatrick nuclear plant in New York.

Exelon Nuclear has announced several changes to its senior leadership team:
• Bryan Hanson, vice president of operations support, has been promoted to work on a special project that focuses on trends related to programmatic barriers to Exelon Nuclear’s successful fleetwide performance.
• Dave Hoots has been promoted from Byron plant manager to site vice president.
• Bob Hovey, senior vice president of operations support, will be responsible for Exelon’s nuclear oversight organization.
• Stephen Kuczynski has been promoted from Byron site vice president to senior vice president of operations support.
• Jim Meister has been promoted from vice president of nuclear services to vice president of operations support.
• Amir Shahkarami has been promoted from vice president of engineering to senior vice president of engineering and technical services.
• Marseyne Snow has been promoted from director of work control to Byron plant manager.

The Nuclear Regulatory Commission has appointed Brian Sheron director of the Office of Nuclear Regulatory Research, effective May 1. He succeeds Carl Papariello, who is retiring. Sheron has been with the NRC since 1976, most recently as associate director for engineering and safety systems.

Ronaldo Szilard has been named director of nuclear science and engineering under nuclear programs at Idaho National Laboratory. Szilard joins the laboratory from Global Nuclear Fuel and GE Nuclear Energy.

The Tennessee Valley Authority (TVA) has named Preston Swafford senior vice president of nuclear support, effective May 1. Swafford joins TVA Nuclear from Exelon Energy Delivery Technical Services, where he was senior vice president.

Electricité de France has announced several changes to its management team. The executive committee now comprises:
• Jean-Pierre Benque, senior executive vice president, customers
• Daniel Camus, chief financial officer
• Utz Claassen, chief executive officer, EnBW
• Bernard Dupraz, senior executive vice president, generation
• Michel Francony, senior executive vice president, regulated operations in France
• Pierre Gadonneix, chairman and chief executive officer
• Dominique LaGarde, senior executive vice president, strategy and coordination
• Yann Laroche, chief human resources and communications officer
• Bruno Lescouer, senior executive vice president, international industrial and public affairs
• Jean-Louis Mathias, chief operating officer, integration and deregulated operations in France
• Umberto Quadrino, chief executive officer, Edison
• Vincent de Rivaz, chief executive officer, EDF Energy
• Gérard Wolf, senior executive vice president, international operations

Santiago San Antonio has been named the next director-general of Foratom and secretary-general of the European Nuclear Society, effective July 1. He will succeed Peter Haug, who is retiring. San Antonio currently is the secretary-general of the Spanish Nuclear Industry Forum.

Technorati tags: Nuclear Energy, Nuclear Power, Environment, Energy, Politics, Technology, Economics

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...

NEI Nuclear Notes

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