Skip to main content

Wednesday Update

From NEI’s Japan micro-site:

TEPCO to Desalinate Used Fuel Pools

Plant Status

  • Tokyo Electric Power Co. plans to begin desalinating water in the used fuel storage pools at the Fukushima Daiichi nuclear energy facility by the end of this week. TEPCO said it will start with the pool at the fourth unit because it contains the most used fuel. The new desalination equipment will arrive on five trucks and use special membranes and electricity. Salt was introduced into the facilities immediately after the March 11 accident, when workers used seawater to provide emergency cooling. Desalination will reduce the likelihood of salt-induced corrosion of stainless steel pipes and the pool walls.

Media Highlights

  • The Wall Street Journal reported today that the cleanup of radioactive water at the Fukushima Daiichi plant is behind schedule because of recurring problems with the decontamination equipment. TEPCO began testing a new decontamination system Tuesday. “Strengthening the capability of the water treatment is the most important task facing us,” said Goshi Hosono, the minister in charge of recovery efforts at the facility.
  • The Japanese government has approved restart of the Tomari 3 nuclear energy facility, according to a report by Reuters. It is the first commercial reactor to gain restart approval since the March 11 accident. However, the facility was operating at a low power level for testing prior to the accident, and its restart is not expected to ease Japan’s energy shortage.
An article in Tuesday’s Wall Street Journal highlighted the difficulty in assessing the risk from low levels of radioactivity. “While high levels of radiation are unequivocally dangerous, the science regarding health effects of the kind of lower-level contamination that has spread far from the plant is surprisingly hazy. … The effects of slight increases [in radiation exposure] are difficult to measure,” the Journal reports.

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...