Monday Morning Breakfast

...nuclear energy news you may have missed this weekend.

The United Arab Emirates will pursue a vigorous nuclear energy program to answer growing electricity demands and shortages of natural gas, so says a white paper released by the UAE government...Sri Lanka is moving toward nuclear energy too...Alberta, Canada is being wooed...Add French-owned Suez to the list of suitors looking to purchase British Energy...Researchers at the Pacific Northwest National Laboratory are looking at common ceramics and their potential impact on the development of new containment materials...The Kansas City Star reports on changing political attitudes toward nuclear energy...Last week it was time for Time to publish their green issue, this week it's The New York Times Magazine. Highlights include the cover story, Why Bother?, which "looks for a few reasons to go green." Michael Pollan's article is currently the third most-emailed story on nytimes.com. The issue also features a short piece on Pebble-Bed Reactor technology...Simona De Silvestro, the 19-year-old Swiss driver of the NEI-sponsored Newman Wachs Racing car, won the Atlantic Championship season opener in Long Beach, CA on Sunday. De Silvestro took the lead with 14 laps remaining en route to the win in her debut with NWR.

Comments

Activists' Claims Distort Facts about Advanced Reactor Design

Below is from our rapid response team . Yesterday, regional anti-nuclear organizations asked federal nuclear energy regulators to launch an investigation into what it claims are “newly identified flaws” in Westinghouse’s advanced reactor design, the AP1000. During a teleconference releasing a report on the subject, participants urged the Nuclear Regulatory Commission to suspend license reviews of proposed AP1000 reactors. In its news release, even the groups making these allegations provide conflicting information on its findings. In one instance, the groups cite “dozens of corrosion holes” at reactor vessels and in another says that eight holes have been documented. In all cases, there is another containment mechanism that would provide a barrier to radiation release. Below, we examine why these claims are unwarranted and why the AP1000 design certification process should continue as designated by the NRC. Myth: In the AP1000 reactor design, the gap between the shield bu...

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...

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...

NEI Nuclear Notes

Search This Blog