Skip to main content

Nuclear Energy Industry Transitions

Image
By Janice
PG&E Corp. has elected Hyun Park senior vice president and general counsel. Park succeeds Bruce Worthington.

Jack Davis will join Detroit Edison as senior vice president and chief nuclear officer early next year. Davis, currently site vice president at Dominion Energy’s North Anna Power Station, will succeed Doug Gipson, who will retire from executive vice president and chief nuclear officer.

Consumers Energy is restructuring its executive team, the first step in reorganizing the utility. The following changes are effective Dec. 1.
• James Coddington, now vice president of fossil operations, will become vice president of generation operations.
• Robert Fenech, now senior vice president of nuclear, fossil and hydro operations, will assume a transition leadership role, pending his retirement in June 2007.
• Jack Hanson, now site business manager for the Cambpell Generating Complex, will become vice president of generation engineering and services.
• Frank Johnson, now senior vice president of electric transmission and distribution, will become senior vice president of energy operations.
• James Pomaranski, now executive manager of Title 1 projects, will become vice president of generation construction.
• Paul Preketes, now senior vice president of gas operations, will become senior vice president of energy delivery.
• Ronn Rasmussen, now executive director of rates and business support, will become vice president of rates and regulation.

Tim Barfield Jr. resigned as president of The Shaw Group Inc. Nov. 17 to pursue other interests. He had been with Shaw since 1994 and had served as president and chief operating officer since 2003. J.M. Bernhard Jr., chairman and CEO of Shaw, will assume Barfield’s responsibilities as president.

The Nuclear Regulatory Commission has named Ricardo Fernandes the new resident inspector at the Millstone nuclear power plant in Waterford, Conn. He previously worked in the NRC’s Office of Nuclear Security and Incident Response.

Michael Rescoe will resign as chief financial officer and executive vice president of financial services for the Tennessee Valley Authority. Rescoe, who joined TVA in 2003, will become chief financial officer at Travelport Ltd. John Hoskins, TVA’s senior vice president and treasurer, will serve as interim chief financial officer.

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