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Uranerz Signs Long-Term Contract For Uranium - Nuclear Power Industry News - 0 views

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    Second contract signed by Uranerz for the sale of uranium to a U.S. utility Uranerz Energy Corporation has announced that it has entered into an agreement for the sale of uranium to one of the United States' largest nuclear operators, with plants located in several states. This is the second contract signed by Uranerz for the sale of uranium to a U.S. utility; the Company announced its first such contract in July 2009. This agreement is a long-term contract with deliveries over a five year period and pricing which contains market referenced prices, with combined spot and long term indicators, to set the final sales price. The agreement's pricing structure contains floor prices to provide Uranerz with downside protection and ceiling prices which protect the buyer from unlimited upside price risk. Uranerz continues to pursue additional uranium off-take sales opportunities to develop a portfolio that reflects a balance between market-related and fixed price contracts thus providing appropriate security to market price fluctuations, production cost fluctuations and pricing diversification.
Energy Net

Erwin Record - Sale of NFS awaits OK by commission - 0 views

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    The sale of Nuclear Fuel Services to a Virginia-based company could be finalized before the new year, said Tony Treadway, spokesman for the Erwin firm said Monday. NFS' sale to Lynchburg, Va.-based Babcock & Wilcox Co., a subsidiary of McDermott International Inc., and its affiliate Nuclear Operations Group, was announced in August. The sale of the 50-year-old industrial institution should be closed by Dec. 31 or Jan. 1, Treadway said, adding that he could not provide further details about what changes will be made at the company.
Energy Net

Hitachi reviews nuclear power partnership with GE | Reuters - 0 views

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    * Hitachi looks at ways to boost global sales * May recast nuclear power JV ownership structure * Foreign sales not going as hoped -Nikkei * Europe woes delay some contracts -FT quoting president * GE says have been no discussions on changing venture Hitachi Ltd, Japan's largest electronics maker, said on Tuesday that it is reviewing the structure of its nuclear power partnership with General Electric Co, as it seeks to win more deals globally. A Hitachi spokesman did not rule out the possibility of Hitachi and GE changing their investments in their joint ventures as part of an overhaul of Hitachi's global sales network, but said nothing concrete had been discussed or decided."
Energy Net

Britain's nuclear caretaker privatised in Babcock sale | Business | guardian.co.uk - 0 views

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    * £50m sale 'good value for taxpayers', says Mandelson * Opposition warns against further decommissioning levies Dounreay nuclear power station. It was shut in 1993 but its safety and decommissioning will now fall into the hands of private firm Babcock. Photograph: Murdo MacLeod The body responsible for decommissioning and cleaning up Britain's fleet of nuclear power stations was sold today in the latest privatisation of part of the UK's nuclear industry. UKAEA, the commercial arm of the United Kingdom Atomic Energy Authority, has been bought by Babcock International Group for £50m. Business secretary Lord Mandelson claimed the deal "generates good value for taxpayers", but opposition politicians have previously voiced concerns over the sale.
Energy Net

Constellation appeals decision on PSC investigating EDF nuke deal - 0 views

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    Constellation Energy Group said Tuesday that it has appealed a Baltimore judge's decision to dismiss the company's request for review of a plan by the Public Service Commission to investigate the proposed sale of half the company's nuclear operations. The PSC said in June that it has jurisdiction to review the sale plan to French firm EDF because it would give EDF major control over Baltimore Gas and Electric, Constellation Energy's regulated utility. The PSC is considering whether the proposed $4.5-billion transaction is in the public interest. Baltimore Circuit Court Judge Stuart Berger on July 2 said the court lacked the jurisdiction to hear the appeal of the PSC decision because the commission's decision to review the sale was not a final decision and therefore not subject to review. The company filed the appeal Monday to the Maryland Court of Special Appeals. "We are taking this step to preserve our legal rights in the future," spokesman Robert Gould said.
Energy Net

AFP: Govt to sell stake in nuclear firm - 0 views

  • The government said on Thursday it hoped to sell a stake in its nuclear agency to try to grow Atomic Energy of Canada Limited and boost its reactor sales, amid growing interest around the world in nuclear power.Natural Resources Minister Lisa Raitt told a news conference AECL could not thrive in its current form as it is too small, with a mere 10 percent of installed reactor capacity in the world currently.As well, it would have to be restructured to make it more attractive to potential investors, she said.An 18-month review of AECL's operations called for a separation of its research division and its reactor business.The reactor sales arm could then seek an alliance or partnership, or be divested, it concluded.
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    The government said on Thursday it hoped to sell a stake in its nuclear agency to try to grow Atomic Energy of Canada Limited and boost its reactor sales, amid growing interest around the world in nuclear power. Natural Resources Minister Lisa Raitt told a news conference AECL could not thrive in its current form as it is too small, with a mere 10 percent of installed reactor capacity in the world currently. As well, it would have to be restructured to make it more attractive to potential investors, she said. An 18-month review of AECL's operations called for a separation of its research division and its reactor business. The reactor sales arm could then seek an alliance or partnership, or be divested, it concluded.
Energy Net

FR: DOE: Disposition of excess DU FONSI - 0 views

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    Finding of No Significant Impact: Disposition of DOE Excess Depleted Uranium, Natural Uranium, and Low-Enriched Uranium AGENCY: Department of Energy. ACTION: Finding of No Significant Impact. ----------------------------------------------------------------------- SUMMARY: The U.S. Department of Energy (DOE, the Department) has completed an Environmental Assessment (EA) for the Disposition of DOE Excess Depleted Uranium (DU), Natural Uranium (NU), and Low-Enriched Uranium (LEU) (DOE/EA-1607). Based on the analysis in the EA, the Department has determined that the proposed action, DOE dispositioning its excess uranium inventory using one or a combination of two methods--(1) enrichment to either NU or LEU product and subsequent storage or sale of the resultant NU or LEU product (Enrichment Alternative), and (2) direct sale to appropriately licensed entities (Direct Sale Alternative)--does not constitute a major Federal action significantly affecting the quality of the human environment within the context of the National Environmental Policy Act of 1969 (NEPA). Therefore, the preparation of an Environmental Impact Statement (EIS) is not required and the Department is issuing this Finding of No Significant Impact (FONSI).
Energy Net

AFP: French nuclear giant sells unit - 0 views

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    French nuclear giant Areva has decided to sell its power transmission and distribution network to French firms Alstom and Schneider Electric, rejecting Japanese and US bids. The sale estimated at 4.09 billion euros (6.13 billion dollars) was announced after a meeting of Areva's supervisory board late on Monday. Alstom and Schneider Electric were favourites to take over the Transmission and Distribution unit despite union concerns that the sale would lead to job losses. President Nicolas Sarkozy has made developing France's cutting-edge nuclear industry a priority and has been keen to keep it in French hands. Areva is 92 percent owned by the French state.
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    French nuclear giant Areva has decided to sell its power transmission and distribution network to French firms Alstom and Schneider Electric, rejecting Japanese and US bids. The sale estimated at 4.09 billion euros (6.13 billion dollars) was announced after a meeting of Areva's supervisory board late on Monday. Alstom and Schneider Electric were favourites to take over the Transmission and Distribution unit despite union concerns that the sale would lead to job losses. President Nicolas Sarkozy has made developing France's cutting-edge nuclear industry a priority and has been keen to keep it in French hands. Areva is 92 percent owned by the French state.
Energy Net

AECL sale could be 'death knell' for CANDU reactors - 0 views

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    The federal government is preparing to unveil recommendations on how to restructure Atomic Energy of Canada Limited, and several foreign and domestic players in the nuclear industry are positioning themselves to make a bid for AECL's assets. But industry insiders and experts say the sale of the Crown corporation's reactor business could spell the beginning of the end for AECL's storied CANDU technology, long considered the cornerstone of Canada's nuclear industry.
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    The federal government is preparing to unveil recommendations on how to restructure Atomic Energy of Canada Limited, and several foreign and domestic players in the nuclear industry are positioning themselves to make a bid for AECL's assets. But industry insiders and experts say the sale of the Crown corporation's reactor business could spell the beginning of the end for AECL's storied CANDU technology, long considered the cornerstone of Canada's nuclear industry.
Energy Net

Utah not for Sale! No Nuclear Waste Imports! : Indybay - 0 views

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    Utah has experienced a legacy of being targeted for nuclear waste dumping. Now, EnergySolutions, the largest commercial nuclear waste dump in the country, is offering a large cash sum to the state of Utah. In exchange they want lawmakers to open the door to importing nuclear waste from foreign countries...and our Legislators are considering this indecent proposal! Fight back and join us for the "Utah is NOT for Sale!" Rally on 2/25!! This is from HEAL UTAH, a group concerned about Utah's unusally high levels of radioactivity from nuclear waste storage and disposal. While this may be too far away a journey for most people from CA, it may help CA activists to be aware of ongoing nuclear issues and protests taking place in Utah.. Utah is Not for Sale Rally and Lobby Day
Energy Net

TVA curtails plans for reactors at Alabama plant | tennessean.com | The Tennessean - 0 views

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    TVA is scaling back plans for new reactors at its Bellefonte Nuclear Plant in northeast Alabama as it moves forward with building a natural-gas-powered generator adjacent to a coal-fired steam plant near Rogersville, Tenn. Advertisement The Bellefonte plant, picked three years ago as a possible site for America's next reactor and once eyed for up to four reactors, is now being studied for a single reactor to be built within the next decade. TVA announced Friday that falling power sales and rising cleanup costs at the Kingston ash spill have changed plans for the nuclear plant in Hollywood, Ala. "As the valley grows, TVA intends to meet the demand for power with a combination of conservation, energy efficiency, renewable energy sources and additional base load generation," TVA Senior Vice President Ashok Bhatnagar said.
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    TVA is scaling back plans for new reactors at its Bellefonte Nuclear Plant in northeast Alabama as it moves forward with building a natural-gas-powered generator adjacent to a coal-fired steam plant near Rogersville, Tenn. Advertisement The Bellefonte plant, picked three years ago as a possible site for America's next reactor and once eyed for up to four reactors, is now being studied for a single reactor to be built within the next decade. TVA announced Friday that falling power sales and rising cleanup costs at the Kingston ash spill have changed plans for the nuclear plant in Hollywood, Ala. "As the valley grows, TVA intends to meet the demand for power with a combination of conservation, energy efficiency, renewable energy sources and additional base load generation," TVA Senior Vice President Ashok Bhatnagar said.
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    TVA is scaling back plans for new reactors at its Bellefonte Nuclear Plant in northeast Alabama as it moves forward with building a natural-gas-powered generator adjacent to a coal-fired steam plant near Rogersville, Tenn. Advertisement The Bellefonte plant, picked three years ago as a possible site for America's next reactor and once eyed for up to four reactors, is now being studied for a single reactor to be built within the next decade. TVA announced Friday that falling power sales and rising cleanup costs at the Kingston ash spill have changed plans for the nuclear plant in Hollywood, Ala. "As the valley grows, TVA intends to meet the demand for power with a combination of conservation, energy efficiency, renewable energy sources and additional base load generation," TVA Senior Vice President Ashok Bhatnagar said.
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    TVA is scaling back plans for new reactors at its Bellefonte Nuclear Plant in northeast Alabama as it moves forward with building a natural-gas-powered generator adjacent to a coal-fired steam plant near Rogersville, Tenn. Advertisement The Bellefonte plant, picked three years ago as a possible site for America's next reactor and once eyed for up to four reactors, is now being studied for a single reactor to be built within the next decade. TVA announced Friday that falling power sales and rising cleanup costs at the Kingston ash spill have changed plans for the nuclear plant in Hollywood, Ala. "As the valley grows, TVA intends to meet the demand for power with a combination of conservation, energy efficiency, renewable energy sources and additional base load generation," TVA Senior Vice President Ashok Bhatnagar said.
Energy Net

Public Citizen - Chesapeake Safe Energy Coalition Applauds PSC's Decision to Regulate N... - 0 views

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    Coalition Urges Scrutiny of French Company's Corporate Practices and Transparency BALTIMORE - The Chesapeake Safe Energy Coalition applauds the Maryland Public Service Commission's (PSC) decision today to assert its jurisdiction over the nuclear sales transaction between Electricite de France (EdF) and Constellation Energy. The coalition delivered 650 petition signatures to the PSC on Friday urging the commission to examine the effects of the deal on Constellation subsidiary Baltimore Gas and Electric (BG&E) and Maryland ratepayers and consider the corporate track record of EdF before approving the deal. "The commission needs to make sure this sale will not negatively impact consumers in the long term or short term," said Johanna Neumann, state director for Maryland PIRG. "A laissez-faire approach by the last Public Service Commission allowed Constellation Energy to rake Maryland consumers over the coals time and again. We urge this commission to be an effective watchdog for the public by aggressively investigating this transaction."
Energy Net

UK atomic agency sale expected by October, Dounreay bid planned - 0 views

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    The UK Atomic Energy Authority expects the sale of its commercial arm to be completed by the end of September, chief executive officer Norman Harrison said. Harrison also told delegates at a decommissioning conference July 1 that the UKAEA, a state-owned company that pioneers the development of nuclear energy within the UK, plans to bid for decommissioning work at the Dounreay nuclear plant in Scotland once the government tender is launched later this year. UKAEA Ltd, a wholly-owned subsidiary that provides nuclear decommissioning, waste management and site environmental remediation services, was put up for sale in late March after the government said the business could operate independently and concentrate on growing its operations overseas.
Energy Net

AFP: EDF announces sale of British electricity grid - 0 views

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    French state electricity giant EDF said on Friday it had put on sale its electricity distribution network in Britain with the aim of raising more than 4.0 billion euros (5.8 billion dollars) to reduce debt. The EDF distribution network in Britain covers London and the southeast of the country, a region that accounts for 40 percent of British gross domestic product, EDF said. EDF provides power to 7.9 million homes in Britain, amounting to 28 percent of the country's electricity supply. The Sunday Times newspaper reported in August that several parties, including an Abu Dhabi investment fund, were interested in acquiring the network.
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    French state electricity giant EDF said on Friday it had put on sale its electricity distribution network in Britain with the aim of raising more than 4.0 billion euros (5.8 billion dollars) to reduce debt. The EDF distribution network in Britain covers London and the southeast of the country, a region that accounts for 40 percent of British gross domestic product, EDF said. EDF provides power to 7.9 million homes in Britain, amounting to 28 percent of the country's electricity supply. The Sunday Times newspaper reported in August that several parties, including an Abu Dhabi investment fund, were interested in acquiring the network.
Energy Net

Lowestoft Journal - Nuclear plant closure costing millions - 0 views

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    "PROBLEMS at the Sizewell B nuclear power plant could see the reactor remain closed until September - potentially costing tens of millions of pounds in lost electricity sales. Sizewell's owner EDF Energy has confirmed that the facility is not expected to be up and running until the third quarter of 2010. It means the power station, which has been shut since the end of March and employs more than 500 people, could be closed until September while engineers carry out repairs. Commentators suggest the power station could lose around £350,000 a day in electricity sales. Working on the basis that it will remain shut until September - about 180 days - it could see losses in the region of £63m. "
Energy Net

EnergySolutions buying Oak Ridge railroad | Frank Munger's Atomic City Underground | kn... - 0 views

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    EnergySolutions is purchasing a short-line railroad that traverses the former K-25 uranium-enrichment site (now Heritage Center) and joins the main Norfolk Southern rail system at Blair Station a few miles north of the site. The company and Heritage Railroad Corp., a subsidiary of the non-profit Community Reuse Organization of East Tennessee, confirmed the execution of an asset purchase agreement. Terms of the sale were not released. Lawrence Young, the president of CROET, said the sale should be closed within 90 days following a number of actions, including a review by the Tennessee Attorney General's Office (which looks at transactions from non-profit entities to for-profit companies).
Energy Net

AFP: Canada to sell stake in nuclear firm - 0 views

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    Canada said Thursday it hoped to sell a stake in its nuclear agency to try to grow Atomic Energy of Canada Limited and boost its reactor sales, amid growing interest around the world in nuclear power. Natural Resources Minister Lisa Raitt told a news conference AECL could not thrive in its current form as it is too small, with a mere 10 percent of installed reactor capacity in the world currently. As well, it would have to be restructured to make it more attractive to potential investors, she said. An 18-month review of AECL's operations called for a separation of its research division and its reactor business. The reactor sales arm could then seek an alliance or partnership, or be divested, it concluded.
Energy Net

Sale of nuclear clean-up authority attracts 13 bidders - Business News, Business - The ... - 0 views

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    The sale of the United Kingdom Atomic Energy Authority (UKAEA), the Government-owned nuclear clean-up business, has attracted 13 bids. A source close to the auction said that bids were submitted last month, with the shortlisted parties expected to be informed early next month. However, the bids are thought to be around the £30m-40m mark, when adviser Greenhill had hoped for closer to £50m. The bidders include: Amec, the Ftse-100 engineer; VT Group, the defence and support services company; Serco, the aviation-to-local government services giant; Finmeccanica, the Italian conglomerate; and Babcock International, the quoted defence-to-rail services outfit.
Energy Net

Ohio.com - Toxic dump for sale for $15,000 per acre - 0 views

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    U.S. EPA's severe limits on use of Uniontown site might put damper on chance of a transaction UNIONTOWN: A federal Superfund site, contaminated but slightly cleaner, is for sale. Any new owners will be severely limited in what they can do at the now-closed Industrial Excess Landfill off Cleveland Avenue Northwest.
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    U.S. EPA's severe limits on use of Uniontown site might put damper on chance of a transaction UNIONTOWN: A federal Superfund site, contaminated but slightly cleaner, is for sale. Any new owners will be severely limited in what they can do at the now-closed Industrial Excess Landfill off Cleveland Avenue Northwest.
Energy Net

Superfund Sellout - Salem-News.Com - 0 views

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    "Uniontown Industrial Excess Landfill Superfund site for sale (AKRON, Ohio) - Why is the Uniontown Industrial Excess Landfill Superfund site for sale, when there has never been a cleanup of the hundreds of thousands of tons of toxins, only the continued flushing into our groundwater? Residents aren't getting straight answers. They are only being told that a buyer would receive liability protections through a "covenant not to sue." Would this mean the new owner couldn't be sued if people got sick, or just that they couldn't be held liable for cleanup costs? Are the Lake Township trustees still considering buying the dump? Don't the taxpayers have the right to know if in fact this is still being planned before the public could be saddled with this toxic nightmare? Or, as seen elsewhere around the country, is a deep-pockets brownfields developer going to take over the IEL?"
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