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    Watch the latest business video at video.foxbusiness.com Several weeks ago, Vermont Senate President Peter Shumlin called a vote of the Vermont Senate on whether or not to give the Public Service Commission permission to issue a certificate of public good for the continued operation of Vermont Yankee Nuclear Power Station. One of the premises underlying…

  • FP&L – Constellation deal cancelled

    The planned merger of Constellation Energy Group into FP&L has been cancelled at the request of the Constellation board of directors due “continued uncertainty over regulatory and judicial matters in Maryland.” Last month, for similar reasons, a planned merger between Exelon and Public Service Enterprise Group of Newark, NJ was also cancelled. It appears that…

  • Avoiding Hurdles By "Going Small"; More Reasons for Smaller Nuclear Power Projects

    On the second day of the Nuclear Construction Summit, I listened to a series of speakers including independent project consultants, financial services providers, lawyers, ratings agencies, and bankers. In nearly every presentation, I heard or saw evidence supporting the idea that very large, expensive, complex projects can be risky without a lot of attention to…

  • Updated – Progress Energy's new nuclear power plans

    Nuclear Engineering International published a story on 2 November 2005 about Progress Energy’s announced plans to apply for two new nuclear power stations. Each station would include two reactors. Progress Energy has not announced its choice of reactor designs, but has indicated that it will limit its choice to one of the three evolutionary designs…

  • Water consumption used as a weapon against coal plants

    Duke Energy has a plan to increase the capacity of its Cliffside facility located in Rutherford County, NC. The Myers Park Baptist Church in Charlotte recently hosted a public meeting to discuss the expansion plans. According to Drought fires up foes of coal plant: Duke Energy’s plans to expand criticized in view of climate change…

  • NGO's do not like Europe's energy research plans

    A number of non-governmental organizations (NGO’s) have begun registering their disapproval of a European energy research program that they claim unfairly treats nuclear energy separately and provides an unjustifiably larger budget for that research when compared to all other energy sources. According to an article titled NGOs attack EU nuclear research funding Friends of the…