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Crews have taken the first bites out of the old uranium mill-tailings pile in Moab, Utah, beginning a yearslong process of transferring it far from the Colorado River. Abut 630,000 tons will have been moved from Moab to the disposal cell near Crescent Junction by year's end, said Wendee Ryan of the U.S. Department of Energy. The Energy Department and its contractor, Energy Solutions Corp., began moving the tailings pile this year. Moab residents and downstream water providers lobbied for years to have the 16-million-ton pile of mill tailings moved from its spot along the north bank of the Colorado River to a cell up against the Bookcliff Mountains at Crescent Junction that is deemed less likely to contaminate the river. The pile is being moved by train from Moab to the disposal cell 30 miles north.

Crews have taken the first bites out of the old uranium mill-tailings pile in Moab, Utah, beginning a yearslong process of transferring it far from the Colorado River. Abut 630,000 tons will have been moved from Moab to the disposal cell near Crescent Junction by year's end, said Wendee Ryan of the U.S. Department of Energy. The Energy Department and its contractor, Energy Solutions Corp., began moving the tailings pile this year. Moab residents and downstream water providers lobbied for years to have the 16-million-ton pile of mill tailings moved from its spot along the north bank of the Colorado River to a cell up against the Bookcliff Mountains at Crescent Junction that is deemed less likely to contaminate the river. The pile is being moved by train from Moab to the disposal cell 30 miles north.

Nuclear Power Industry is Perfect Illustration of Why Taxpayers Are Saying "No More Bailouts!" - Billions for Plant Vogtle Reactors Impossible to Justify in Terms of Rising Financial Risks, Reduced Demand for Power, Cheaper Renewables and Huge Potential of Energy Efficiency ATLANTA, Dec. 30 /PRNewswire-USNewswire/ -- First it was insurance companies, then it was banks and that was followed by auto companies. Now, the federal government is putting U.S. taxpayers and utility customers at new risk under a controversial U.S. Department of Energy (DOE) loan guarantee program that is slated to award $18.5 billion, with Atlanta-based Southern Company predicted to be first on the list for program funds to build two new nuclear reactors at Plant Vogtle in Waynesboro, Georgia. Ironically, the DOE's "top choice" for the nuclear reactor loan guarantees, which are backed by U.S. taxpayers in the event of defaults, is the very same Plant Vogtle that helped to kill the previous nuclear power boom in the United States in the 1970s and 1980s. Huge cost overruns at the original Plant Vogtle - which escalated from $660 million for four reactors to a whopping $8.87 billion for two - likely played a role in putting the brakes on nuclear expansion plans pursued decades ago in the United States.

Nuclear Power Industry is Perfect Illustration of Why Taxpayers Are Saying "No More Bailouts!" - Billions for Plant Vogtle Reactors Impossible to Justify in Terms of Rising Financial Risks, Reduced Demand for Power, Cheaper Renewables and Huge Potential of Energy Efficiency ATLANTA, Dec. 30 /PRNewswire-USNewswire/ -- First it was insurance companies, then it was banks and that was followed by auto companies. Now, the federal government is putting U.S. taxpayers and utility customers at new risk under a controversial U.S. Department of Energy (DOE) loan guarantee program that is slated to award $18.5 billion, with Atlanta-based Southern Company predicted to be first on the list for program funds to build two new nuclear reactors at Plant Vogtle in Waynesboro, Georgia. Ironically, the DOE's "top choice" for the nuclear reactor loan guarantees, which are backed by U.S. taxpayers in the event of defaults, is the very same Plant Vogtle that helped to kill the previous nuclear power boom in the United States in the 1970s and 1980s. Huge cost overruns at the original Plant Vogtle - which escalated from $660 million for four reactors to a whopping $8.87 billion for two - likely played a role in putting the brakes on nuclear expansion plans pursued decades ago in the United States.

Clearly, Sen. Bob Bennett has been in office for a very long time. Consider these contributions to his 2010 re-election campaign from corporate and individual special interests (selected from www.opensecrets.org): oil and gas, $116,650; waste management (nuclear), $51,900; securities and investments, $233,850; commercial banks, $130,725; finance/credit companies, $61,900; insurance, $182,700; food processing and sales, $28,900; defense aerospace, $39,000; defense electronics, $16,000; health services/HMOs, $17,750; pharmaceuticals/health products, $104,044; telecommunication services and equipment, $815,250; lawyers/law firms, $110,900; lobbyists, $157,186; automotive, $16,997; chemical and related manufacturing, $11,200. Given all this special-interest support, it seems Bennett does not serve his constituents.

Clearly, Sen. Bob Bennett has been in office for a very long time. Consider these contributions to his 2010 re-election campaign from corporate and individual special interests (selected from www.opensecrets.org): oil and gas, $116,650; waste management (nuclear), $51,900; securities and investments, $233,850; commercial banks, $130,725; finance/credit companies, $61,900; insurance, $182,700; food processing and sales, $28,900; defense aerospace, $39,000; defense electronics, $16,000; health services/HMOs, $17,750; pharmaceuticals/health products, $104,044; telecommunication services and equipment, $815,250; lawyers/law firms, $110,900; lobbyists, $157,186; automotive, $16,997; chemical and related manufacturing, $11,200. Given all this special-interest support, it seems Bennett does not serve his constituents.

EnergySolutions, Inc. (NYSE: ES) announced today that $22.9 million of American Recovery and Reinvestment Act funding has been allocated to the Moab UMTRA project. The total amount of American Recovery and Reinvestment Act funding for the Moab project is $108 million. The funding is being used to accelerate removal of uranium mill tailings away from the banks of the Colorado River. Thus far 160 jobs have been created this year as a result of Recovery Act funding. "We are thrilled that the U.S. Department of Energy (DOE) has allocated sufficient funding to the Moab project to accelerate the cleanup of the site. This is great news for the community and for all who use the Colorado River and Lake Powell," said Steve Creamer, CEO and Chairman of EnergySolutions. The Recovery Act funding is being used to excavate, transport and dispose of additional mill tailings from the Moab site to the Nuclear Regulatory Commission-approved disposal cell at Crescent Junction. This additional work began in June and will continue through September 2011. Additionally, this additional funding supports increasing the size of the disposal cell as well as crushing, transporting, and placing final rock cover on the disposal cell. This portion of the work began in August and continues through September 2011. Sixteen million tons of uranium mill tailings will eventually be relocated 30 miles north of Moab to a location designated by the DOE.

EnergySolutions, Inc. (NYSE: ES) announced today that $22.9 million of American Recovery and Reinvestment Act funding has been allocated to the Moab UMTRA project. The total amount of American Recovery and Reinvestment Act funding for the Moab project is $108 million. The funding is being used to accelerate removal of uranium mill tailings away from the banks of the Colorado River. Thus far 160 jobs have been created this year as a result of Recovery Act funding. "We are thrilled that the U.S. Department of Energy (DOE) has allocated sufficient funding to the Moab project to accelerate the cleanup of the site. This is great news for the community and for all who use the Colorado River and Lake Powell," said Steve Creamer, CEO and Chairman of EnergySolutions. The Recovery Act funding is being used to excavate, transport and dispose of additional mill tailings from the Moab site to the Nuclear Regulatory Commission-approved disposal cell at Crescent Junction. This additional work began in June and will continue through September 2011. Additionally, this additional funding supports increasing the size of the disposal cell as well as crushing, transporting, and placing final rock cover on the disposal cell. This portion of the work began in August and continues through September 2011. Sixteen million tons of uranium mill tailings will eventually be relocated 30 miles north of Moab to a location designated by the DOE.

Uranium will rise above $50 a pound in coming weeks because of reduced production at BHP Billiton Ltd.'s Olympic Dam mine in Australia, Macquarie Bank Ltd. said. Prices have added 9.8 percent over the past two weeks on concern about reduced supply following an accident at Olympic Dam, the world's fourth-largest producing uranium mine. Uranium oxide concentrate for immediate delivery traded at $47.75 a pound on Oct. 19, Roswell, Georgia-based UxC said in a weekly report. "Uranium will go up into the low $50s over the next month," Max Layton, an analyst at Macquarie in London, said by phone today.

Uranium will rise above $50 a pound in coming weeks because of reduced production at BHP Billiton Ltd.'s Olympic Dam mine in Australia, Macquarie Bank Ltd. said. Prices have added 9.8 percent over the past two weeks on concern about reduced supply following an accident at Olympic Dam, the world's fourth-largest producing uranium mine. Uranium oxide concentrate for immediate delivery traded at $47.75 a pound on Oct. 19, Roswell, Georgia-based UxC said in a weekly report. "Uranium will go up into the low $50s over the next month," Max Layton, an analyst at Macquarie in London, said by phone today.

The Vermont Public Service Board should not have given the OK for the storage of spent nuclear fuel produced by Vermont Yankee on the banks of the Connecticut River, according to a report that was discussed Monday in the Statehouse in Montpelier. Testimony that was given during hearings conducted by the PSB were "affected by insufficient data to have reached a conclusion of acceptability of the site and granting of a permit," stated William Steinhurst, who holds a Ph.D. in geology. Steinhurst presented the report on behalf of Synapse Energy Economics, which hired Prof. Michael Wilson of SUNY-Fredonia to evaluate the geological characteristics of the plant's spent fuel storage site. The Public Service Board issued a certificate of public good in 2006 allowing Entergy, which owns and operates Yankee, to store nuclear waste in dry casks on a concrete pad just to the north of the plant's reactor building.

The Vermont Public Service Board should not have given the OK for the storage of spent nuclear fuel produced by Vermont Yankee on the banks of the Connecticut River, according to a report that was discussed Monday in the Statehouse in Montpelier. Testimony that was given during hearings conducted by the PSB were "affected by insufficient data to have reached a conclusion of acceptability of the site and granting of a permit," stated William Steinhurst, who holds a Ph.D. in geology. Steinhurst presented the report on behalf of Synapse Energy Economics, which hired Prof. Michael Wilson of SUNY-Fredonia to evaluate the geological characteristics of the plant's spent fuel storage site. The Public Service Board issued a certificate of public good in 2006 allowing Entergy, which owns and operates Yankee, to store nuclear waste in dry casks on a concrete pad just to the north of the plant's reactor building.

"Gerald Boyd, the U.S. Department of Energy's Oak Ridge manager, said several of the environmental cleanup projects funded with Recovery Act money are coming in under budget, and Boyd said DOE hopes (plans) to spend those savings on other projects. Oak Ridge officials apparently are expecting other stimulus money may become available as well. "We have some proposals in Washington that we would like to do - a few additional projects," Boyd said. "They're all EM (environmental management) projects.""

"Energy Secretary Chris Huhne has denied allegations that his "prejudices" against nuclear energy contributed to the cancellation of the £80 million loan to Sheffield Forgemasters to build power plant components. Labour leadership contender Ed Miliband said the coalition's decision was based on the "short-sightedness" of a Tory party which was against state intervention and Mr Huhne's opposition to nuclear. But at Commons question time Mr Huhne said the decision was made because the loan was "simply unaffordable". Shadow energy secretary Mr Miliband said the "commercial loan" to Forgemasters would have resulted in at least £110 million returning to the Exchequer. Mr Huhne told him: "The loan to Sheffield Forgemasters was not a commercial loan. If it was a commercial loan it would have been arranged through the banks and not by the Government."

"Michael Mariotte, Executive Director for the Nuclear Information and Resource Service (NIRS) said today the estimated $140 billion in total for nuclear subsidies in Kerry-Lieberman American Power Act are wrong. The Union of Concerned Scientists released a report July 1, 2010 documenting that the legislation could be worth a total of $140 billion to the nuclear industry. Taxpayers to fund through the Federal Financing bank The NIRS further reported to its members that the House Appropriations Committee may take up a $36 billion increase in nuclear reactor loans for an increase in the construction of new reactors. This is money the NIRS says "would go to some of the wealthiest companies in the world like Electricite de France, Areva, NRG Energy, Toshiba, General Electric, and the like.""

"Colorado Governor Bill Ritter stood by the banks of the Arkansas River near a neighborhood contaminated by a uranium mill today and signed legislation that will force uranium mills to clean up existing messes before launching new projects. "This just gives us a better hold on the milling process," Ritter said before signing the bill, a bipartisan measure sponsored by Rep. Buffie McFadyen, and Sens. Ken Kester and Bob Bacon. Greenwood Village based Cotter Corp. operates the mill that became a Superfund cleanup site in 1984. During the statehouse battle over the law, Cotter vice president John Hamrick said the legislation would kill Cotter's proposed project to refurbish the mill and haul 12.5 million tons of uranium ore from New Mexico for processing. Hamrick on Tuesday declined to comment on the status on any future project."

"Namibia's Chamber of Mines, which represents the mining industry in the southern African country, is concerned that power and water supply shortages and royalty tax legislation could hamper investment. Mike Leech, president of the industry body in one of the world's top uranium producers, said a royalty tax passed at the end of 2008 would "increase rather than reduce investor risk". "(The tax) is likely ... to make it harder for exploration companies to get projects past the credit committees of the banking institutions they will have to raise the money from," he said in an annual review the chamber published last week."

"A June update by the U.S. Department of Energy said that 1.5 million tons of uranium mill tailings have been removed from near the banks of the Colorado River and buried in a disposal site 30 miles away. Federal stimulus funding of $108 million has accelerated the cleanup, which will tackle an additional 1.2 million tons of tailings between now and September 2011."

"t's not out of the question that the United States might not be around long enough to see the complete cleanup of its Cold War legacy in Washington State. Not far from the banks of the Columbia River resides the Hanford Nuclear Reservation, once the most important manufacturer of plutonium for America's nuclear arsenal. Today, the 560-square-mile decommissioned facility is teeming with plutonium, one of the most toxic substances on earth (minute particles of it can cause cancer), with a half-life of 24,000 years. The U.S. Department of Energy estimated back in the mid-1990s that Hanford had more than 111,000 kilograms of plutonium to dispose of. A former department official, Robert Alvarez, recently went over old Energy reports and determined that the original math was way off. It turns out that Hanford has three times more plutonium than was calculated in 1996."

Along with automobile makers and banks, a number of senators whose districts include U.S. Department of Energy (DOE) contaminated sites are asking for stimulus money to rejuvenate local economies with cleanup work and perhaps, freshly-cleaned land for industrial development. According to the DOE, spending more and completing cleanup would enable the government to decrease the "footprint" or overall size of each site, releasing more property for development. The letter asking for the funding was signed by Sens. Maria Cantwell, D-Wash.; Ron Wyden, D-Ore.; Sherrod Brown, D-Ohio; Jeff Bingaman, D-N.M.; Lindsey Graham, R-S.C.; Jim Risch, D-Idaho; and Tom Udall, D-N.M. Sen. Patty Murray, D.-Wash.; is supporting boosting cleanup spending nationally by $6 billion. Since the mid-1990's, the DOE has already spent more than $7.3 billion on environmental cleanup nationally each year.

Officials in Elmore County plan to meet in February to consider a proposal by developers to build a $4.5 billion nuclear power plant. Alternate Energy Holdings Inc. filed papers in August asking the county to rezone 1,400 acres of farm land and allow room for the 1,600 megawatt facility. County commissioners are scheduled to consider the proposal at a Feb. 11 meeting. The company initially pursued building a plant in Owyhee County, but in April shifted its focus to a site in Elmore County on north bank of the Snake River.

Bruce Power has temporarily withdrawn its application to prepare a site for a nuclear power plant near Peace River, and is now considering a second site. In a letter to the Canadian Nuclear Safety Commission, the nuclear power company says a new site was chosen partly because concerns were raised about an aquifer near the first location. The second site is on the west bank of the Peace River, about 30 kilometres north of the town. The original site is on the northeast shore of Lac Cardinal, about 30 kilometres west of the town. It was selected by Energy Alberta, which Bruce Power bought last March.

Colorado uranium mining operations are being shut, postponed or scrapped as stock and commodity prices plummet and financing dries up. In the past six weeks, two mines - Whirlwind and JBird - have temporarily shut. A project in San Miguel County has been scrapped, and the development of the Van-4 mine in Montrose County has been postponed. "There have been lower prices, but there hasn't been this precipitous a drop in the last 25 years," said Stuart Sanderson, president of the Colorado Mining Association. The ingredients for the market free-fall are a 40 percent drop in uranium prices this year, a sharp decline in mining stock prices and a lack of financing for projects. Behind those trends are hedge funds that had bought up uranium and banks no longer willing to lend money, mining industry executives said. "Industrywide, everyone is suffering," said Greg Barnes, an analyst with TD Newcastle Inc. in Toronto.

Energy firms will refuse to pass on all of the savings they make on cheaper wholesale gas and electricity to consumers, one of the UK's top energy bosses admitted this weekend. The warning, issued by Paul Golby, chief executive of Eon UK, came after a week in which the price of oil tumbled to just above $40 a barrel. As the government demands that the banks give borrowers the benefit of the latest cut in interest rates, energy companies are also coming under increasing pressure to cut customers' bills.

There are no plans to add a second nuclear reactor to the Clinton power plant anytime soon, Exelon Nuclear officials say, despite rumors to the contrary. Exelon Nuclear received an early site permit in March 2007 from the Nuclear Regulatory Commission. That allows the utility to "bank" the property adjacent to the Clinton plant for a potential new reactor for up to 20 years. "We have no immediate plans to build a nuclear plant at the site, but if over the course of the next 18 years we decide to do something, we have the process started," Exelon spokesman Bruce Paulson said.

The global credit crunch is threatening to clip the wings of the worldwide nuclear renaissance before it has even taken flight, raising serious questions about the UAE's nuclear aspirations. Even before the US subprime mortgage crisis rocked the world's financial institutions, banks perceived financing nuclear plants as a major risk due to soaring costs, Stephen Thomas, a professor of energy policy at Britain's University of Greenwich Business School, told an Abu Dhabi nuclear conference yesterday.