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During the six-hour meeting shareholders shouting at managers over their handling of the Fukushima nuclear plant disaster and the company’s subsequent slide to near bankruptcy.

One attendee suggested the board “jump into the reactors and die,” before being forced by security guards to sit down. Another said the board would have been forced to perform ritual disembowelment had they lived in an era when such actions were deemed necessary to preserve honour.

The Fukushima disaster has erased close to 90 percent of the value of TEPCO stock, once considered a safe investment. In May, the company reported an annual loss of 10.4 billion euros

TEPCO’s biggest shareholders – including Japanese financial institutions – rejected the call to close all its nuclear plants which generate nearly a third of the company’s electricity.

“We lost today to the big investors, but our message was heard,” said Masafumi Asada, a 70-year-old from Fukushima, who introduced the anti-nuclear proposal on behalf of a group of 402 shareholders.

"We cannot associate low levels of Strontium-90 in fish in the Connecticut River with Vermont Yankee-related radioactive materials without other supporting evidence," the report said. MORE ANALYSIS NEEDED The Health Department asked for additional analysis on the fish obtained on June 9, 2010 that contained the strontium-90 and also on other fish samples. These analyses will take weeks to complete, the Health Department said, noting it is working to obtain additional fish for testing much farther upstream in the Connecticut River. The Connecticut River divides Vermont and New Hampshire before running through Massachusetts and Connecticut. Vermont Yankee is located in Vernon, Vermont, near the border between Vermont, New Hampshire and Massachusetts about 110 miles northwest of Boston.

Strontium-90 and other human made radioactive materials come from the fairly constant release of very low quantities from medical and industrial users of radioactive materials, and from infrequent releases such as above-ground nuclear weapons testing in the 1950s, and the nuclear reactor accidents at Chernobyl in 1986 and Fukushima in 2011. Radioactive materials are nothing new for Vermont Yankee. In January 2010, Entergy said it discovered a radioactive tritium leak at the plant. The company stopped that leak in March 2010 but not before the state Senate, which was then led by now Governor Shumlin, voted to block the state from allowing the plant to run beyond March 2012.

“In these shale gas plays no well is really economic right now,” the geologist said in a previous e-mail to the same official on March 16. “They are all losing a little money or only making a little bit of money.”

Around the same time the geologist sent the e-mail, Mr. McClendon, Chesapeake’s chief executive, told investors, “It’s time to get bullish on natural gas.”

Aubrey McClendon, whose name is not terribly familiar to people outside of the energy industry, has an enormous financial interest in encouraging customers to become addicted to natural gas so that they will keep buying even if the price shoots up – like it did in the period from 2000-2008. During that time McClendon and his company rode a wave that resulted in growing a company from tiny to huge based on debt-financed investments in leases and drilling rigs designed to produce gas in the midcontinent region of the US. A high portion of the company’s wells were stimulated with hydraulic fracturing.

When the price of natural gas collapsed in 2008, mostly as a result of the contraction in demand caused by the financial crisis and resulting economic recession/depression, McClendon nearly lost control of his company. He had to sell “substantially all” of shares at a dramatically lowered price in order to pay off creditors and meet margin calls.

No U.S. chief executive officer has bought more of his own company’s stock in recent years than McClendon, even as the shares reached all-time highs. His appetite for Chesapeake stock made him “a darling of Wall Street,” Tulsa money manager Jake Dollarhide said. But his purchases were made on margin, meaning he used borrowed money. As the value of the stock fell, McClendon was forced to raise cash to meet margin calls. Recent losses — Chesapeake shares have plummeted 60 percent in the past three weeks — left him unable to fulfill those requirements.Read more: http://newsok.com/market-slide-wipes-out-ceos-chesapeake-holdings/article/3310107#ixzz1QSst9NnL

McClendon responded vigorously to the NY Times’s suggestion that the gas revolution was more mirage than miracle in a lengthy letter to Chesapeake Energy employees that was published on the company’s public Facebook page. (Note: The timing of this letter with regard to the NY Times article is telling. The article appeared in the Sunday edition of the Times on June 26, 2011. The letter to employees included a time stamp indicating that it was released at 8:37 pm on the same day while the Facebook page indicates that it was posted to the world by 11:27 pm. In other words – there is no rest for the weary in the Internet era.)

McClendon’s letter blamed the NY Times article on environmental activists that proclaim a desire to supply all of the US energy needs from wind and solar energy. It also issued a call to action for Chesapeake Energy employees:

We hope that every Chesapeake employee can be part of our public education outreach. At more than 11,000 strong, we are an army of “factivists” – people who have knowledge of the facts and the personal knowledge and ability to spread them. You can do this by talking to your families, friends and others in your spheres of influence (schools, churches, civic organizations, etc) about the kind of company you work for and the integrity of what we do every day for our shareholders, our communities, our states, our nation, our economy and our environment. You don’t have to be an expert to stand up and tell folks that Chesapeake is committed to doing what’s right – and that commitment is expressed every day by you and your colleagues across the company.

You can also get involved by joining Chesapeake Fed PAC, our political action committee. Our opponents are extremely well funded and organized. We need to make sure our voice is heard in Washington, DC and with elected officials who are making decisions that affect our industry, our company and our ability to operate in the many states in which shale gas and oil have been discovered.

After describing how Chesapeake has 125 active drilling rigs and how it has developed a “swat team” with more than 100 employees that works with environmental groups to produce legislation designed to slow the development of new coal fired power plants and to hasten the closure of existing coal plants, Tom Price said the following:

“It’s been said before, but the demand side of the equation is extremely important right now. I mean this really is a zero sum game. I think that there are a number of very progressive utilities out there that recognize the challenges that they are facing with regard to climate change, but the Transport Rule, Clean Air Act and various others.”

I remain convinced that there is a market battle going on between natural gas and nuclear energy.

Most nuclear blogs have a “blog roll”which list other publishers of information on the nuclear energy field.  Areva has done this on its North American blog. Areva handles the issue of avoiding any appearance of endorsement by noting that the list with more than two dozen entries is one of “blogs we read.” Areva also has several years of experience reaching out to the nuclear blogger community with monthly conference calls. The blog of the Nuclear Energy Institute, NEI Nuclear Notes,  lists a wide range of nuclear blogs including this one as well as the blogs published by independent analysts.

Duke’s Web site is a completely modern effort set up like a blog, with new entries on a frequent basis. On the right column, the site has a list of other places to get nuclear energy information, including the American Nuclear Society (ANS), the Nuclear Energy Institute (NEI), and the Nuclear Regulatory Commission (NRC).

The Nuclear Information Center announces right at the top that “In this online space, you will find educational information on the nuclear industry and the nuclear stations operated by Duke Energy. We will feature insights into radiation, new nuclear, emergency planning and more . . . allowing readers to get an inside view of the industry.” That’s a big step for a nuclear utility. The reason is that like many publicly traded electric utilities, it generates electricity from several fuel sources, including coal, natural gas, solar, wind, and nuclear. Because these utilities have huge customer rate bases and supply chains, they are inherently conservative about the information they publish on their Web sites. Also, there are significant legal and financial reasons why a utility might or might not put information out there for public consumption. Press releases receive scrutiny from the general counsel and chief financial officer for very important reasons having to do with regulatory oversight and shareholder value.

Who reads nuclear energy blogs? So, who is reading nuclear blogs? On the ANS Social Media listserv, I asked this question recently and got some interesting results for the month of May 2011. Here’s a sample of the replies: Michele Kearny, at the Nuclear Wire, a news service, reports for the month of May 18,812 page views. Michele’s blog is a fast-moving series of news links that keeps readers coming back for updates. Will Davis, at Atomic Power Review, who has been publishing high quality, in-depth technical updates about Fukushima, reports 31,613 page views for the same month. Rod Adams, who recently updated the template at his blog at Atomic Insights, reported his numbers in terms of absolute visitors. He cites Google Analytics as reporting 10,583 unique visitors for May. Rod emphasizes commentary and analysis across a wide range of nuclear subjects. At my blog Idaho Samizdat, I can report 6,945 visitors and 24,938 page views for May 2011. The blog covers economic and political news about nuclear energy and nonproliferation issues. At ANS Nuclear Cafe, this blog uses WordPress to track readers, reporting 24,476 page views for the same four-week period as the other blogs. During the height of the Fukushima crisis on a single day, March 14, 2011, the blog attained over 55,000 page views as people poured on to the Internet in search of information about the situation in Japan.

Taken together, the four blogs that reported monthly page views represent 100,000 visits to online information pages on nuclear energy or an effective rate of well over 1 million page views per year. These are real numbers and the data are just for a small sample of the more than two dozen blogs on nuclear energy that update at least once a week. Another interesting set of statistics is who reads North American blogs overseas? It turns out that the international readership is concentrated in a small group of countries. They include, in alphabetical order for the same sample of blogs, the following countries: Australia Canada France Germany India Japan United Kingdom

Idaho National Laboratory, Areva, and recruiter CoolHandNuke.

5,000 people interact on LinkedIn, moderated by nuclear industry consultant Ed Kee. It is called “Nuclear Power Next Generation” and is one of dozens of such groups related to nuclear energy on the professional networking site.

Nuclear energy is not so widely represented on Facebook as on LinkedIn, despite its enormous popularity, and isn’t conducive to the kinds of technical dialogs that populate other nuclear social media sites. While the Facebook format is attractive to lifestyle information such as dating and the promotion of entertainment, sports, and consumer packaged goods, it doesn’t seem to work as well for business and engineering topics. It turns out Facebook is a good way to offer a “soft sell” for recruitment purposes to drive traffic to nuclear energy organization recruitment pages. It can answer the questions of what’s it like to work for an organization and the attractive amenities of life in the employer’s home town. Videos and photos can help deliver these messages.

On the other hand, Twitter, even with its limits of 140 characters, is enormously useful for the nuclear energy field. Twitter users who follow the output of nuclear bloggers number in the tens of thousands, and many nuclear energy organizations, including the major utilities such as Entergy, have invested in a Twitter account to have a presence on the service. The American Nuclear Society “tweets” under @ans_org and posts updates daily on the situation at Fukushima

Web sites maintained by NEI and the World Nuclear Organization had to make fast upgrades to their computer servers to handle millions of inquires from the media and the public and on a global scale. Getting out the facts of the situation to respond to these inquiries was facilitated by this online presence at an unprecedented scale. Even so, newspapers often had anti-nuclear groups on speed dial early in the crisis and their voices reached an unsettled public with messages of fear, uncertainty, and doubt. In response, ANS used technical experts on its social media listserv to information media engagements, which reached millions of views on network television and major newspapers like the New York Times and Washington Post.

This useful mix of free form communication on the listserv and excellent outreach by Clark Communications, working for ANS, made a difference in getting the facts about Fukushima to an understandably anxious public. Margaret Harding, a consulting nuclear engineer with deep experience with boiling water reactor fuels, was one of the people tapped by ANS to be a spokesperson for the society. She wrote to me in a personal e-mail that social media made a difference for her in many ways.

In summary, she said that it would have been impossible for her to fulfill this role without many hands helping her from various quarters at ANS. She pointed out that the ANS Social Media listserv group “provided invaluable background information . . that helped me keep up-to-date and ready for the question from the next reporter.” In fact, she said, she might not have even started down this road if the listserv hadn’t already proven itself as a source of information and expertise.

Another take on the news media’s shift into anti-nuclear skepticism following Fukushima comes from Andrea Jennetta, publisher of Fuel Cycle Week.  Writing in the March 17 issue, she said that this time the “bunker mentality” that has characterized communications in prior years by the nuclear industry gave way to something new. “But instead of rolling over, the nuclear community for once is mobilizing and fighting back. I am impressed at the efforts of various pronuclear activists, bloggers, advocates and professional organizations.