Skip to main content

Monday Update

From NEI’s Safety First web site:

Fukushima Town to Test Waste Reduction System

November 28, 2011

Industry/Regulatory/Political

  • The town of Hirono in Fukushima prefecture plans to test a system that would reduce the volume of radioactive debris requiring disposal by up to a factor of 300. The equipment would heat-treat the materials in an oxygen-free environment and use a ceramic powder to absorb radioactive materials.

Plant Status

  • Tokyo Electric Power Co. is planning to address any buildup of hydrogen inside the pressure vessels of Fukushima Daiichi reactors 1 through 3 by directly injecting nitrogen into the vessel. Nitrogen injection is expected to begin early December. Meanwhile, in order to increase the amount of steam in the vessels and decrease the relative buildup of hydrogen, TEPCO is reducing the flow rate of cooling water injection into the reactors. The temperatures within all three reactors are well below the boiling temperature, TEPCO reports.


Media Highlights

  • A pair of articles in the Japanese media analyzes the export market for Japanese nuclear components. Yomiuri Shimbun reports on Toshiba’s U.S. orders for turbine equipment for the nuclear energy facilities being built at the Vogtle site in Georgia and the V.C. Summer site in South Carolina. The Japan Atomic Industrial Forum notes that Japan Steel Works has forecast more than $640 million in orders from China and France for large forged components for nuclear power plants.
  • An article in The New York Times discusses how the post-Fukushima environment is changing national discussions on used nuclear fuel management.
  • Mainichi Daily News reports on the difficulty that Japan’s power industry is having in meeting its carbon dioxide reduction targets now that electricity production at nuclear energy facilities has dropped since the Fukushima accident. Kyodo News points out that Kansai Electric Power Co. is planning to restart an oil-fired plant that had been mothballed for 10 years.

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...