Skip to main content

Monday Update

From NEI’s Japan micro-site:

TEPCO Successfully Tests Cover for Fukushima Daiichi Reactor 1

October 31, 2011

Plant Status

  • Tokyo Electric Power Co. reports that pilot tests of the ventilation system associated with the cover it has installed over Fukushima Daiichi reactor 1 showed the system successfully filtered more than 90 percent of the radioactive cesium released from the reactor. TEPCO is considering installing similar covers for reactors 3 and 4, both of which were damaged by hydrogen explosions following the March 11 accident.

Industry/Regulatory/Political Issues

  • Japan’s environment ministry said it will store radioactive soil and waste for at least three years within Fukushima prefecture before it is moved out of the area for final disposal. The ministry said it hopes to build the temporary storage facilities by 2014.

Media Highlights

  • The Daily Yomiuri reports on the results of Kansai Electric’s first-stage stress test on its Ohi reactor 3 and on the uncertainties surrounding the timing for the restart of Japan’s shutdown reactors. The computer-based test found that the reactor could withstand ground motion from an earthquake nearly double the strength of the plant’s design and a tsunami four times stronger than the plant’s safety standards.
  • Newspaper reports say that both India and Vietnam continue to negotiate with Japan on importing Japanese nuclear reactor technology.

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...