There are numerous reasons why Toshiba, formerly an enormous and successful Japanese electronics manufacturer, is struggling to survive. One of the lessons available to be learned – once again – is caveat emptor (buyer beware). After a series of purchases and deals that gradually took Toshiba a long way from its core competencies, the company […]
Business of atomic energy
Toshiba Announces $6.3 B Writedown On A $229 M Construction Company Acquisition
Toshiba’s chairman, Shigenori Shiga, has accepted the responsibility for his company’s financial challenges and operating losses and resigned his position as chairman and as a board member. He remains an executive with the company. After some early confusion related to a discussion about its financial statements with its auditors, Toshiba has announced that it will […]
Toshiba Likely To Exit Nuclear Plant Construction Business
Note: There is an important information update at the end of this post. Westinghouse is “unlikely to carry out actual construction work for the future nuclear power plant projects to eliminate risk.” Satoshi Tsunakawa, President and CEO of Toshiba, the Japanese company that owns Westinghouse and its CB&I Stone Webster subsidiary, made that statement during […]
U. S. should strengthen and export its atomic energy capabilities
Donald Trump has once again caused a huge stir with the issuance of a 140 character statement of purpose. Here is the tweet heard around the world: The United States must greatly strengthen and expand its nuclear capability until such time as the world comes to its senses regarding nukes — Donald J. Trump (@realDonaldTrump) […]
Maria Korsnick brings fresh thinking to nuclear energy leadership
Maria Korsnick has a passion for nuclear energy and a well- informed view of the challenges and opportunities the U.S. nuclear industry faces. That was my impression after recently attending her first press conference as NEI’s new president and CEO. “If we hope to maximize nuclear energy’s immense potential globally, the United States must take […]
NuScale Getting Ready For Design Certification Submission
NuScale remains on track to submit a high quality design certification application to the Nuclear Regulatory Commission by the end of 2016. That statement might surprise people who follow small modular reactor developments closely enough to be aware that the company received a status report earlier this week from the NRC that gave a grade […]
Natural gas burners file suit challenging fairness of New York Zero Emission Credts
A coalition of electric power producers that operate natural gas-burning generation plants have filed suit in the U.S. District Court Southern District of New York. They are challenging the New York State Department of Public Service’s (NYSDPS) recently enacted Zero Emission Credit. Competition wasn’t designed with customers in mind The lawsuit filing document Indicates that […]
Another nuclear plant will close for good on Monday
The Ft. Calhoun Station (FCS) is scheduled to shut down for good on Monday, October 24. The number of operating nuclear power reactors in the US will have been in the three digits again for a just one week. That event will be a tragic shame for the surrounding community, for a gradually growing portion […]
Stockpile of 20% enriched uranium will enable advanced reactor deployment
This is a call to action. The Department of Energy is soliciting comments on its excess uranium management plan. The deadline for comments, initially announced as August 18, 2016, has been extended until September 19. That is just 4 days away. Here is a quote from the Federal Register request for information: The U.S. Department […]
Why are nuclear plants losing money at an astonishing rate?
Joe Romm recently wrote a piece for Climate Progress titled Nuclear Power Is Losing Money At An Astonishing Rate. In that post Romm exaggerates the amount of support that the New York Zero Emissions Credit (ZEC) will provide, absolves the massive build out of industrial scale wind and solar from any responsibility for contributing to […]
New York’s environment progressed one step forward
The US environment and electrical supply system measurably improved yesterday. That is something worth celebrating. The New York State Department of Public Service (NYSDPS) took a small, but significant step forward yesterday. By a vote of three yeses and one concur, the commissioners decided to implement a clean energy standard that includes zero emission credits […]
Nuclear plant construction in U.K. will gain momentum from Brexit vote
British voters have spoken; they want to leave the EU by a margin of 52% to 48%. The split should provide a boost for the UK’s nuclear energy program. It should also improve the UK’s energy resiliency and improve the effectiveness of its effort to reduce CO2 emissions. As an island nation, the UK doesn’t […]
