Jean-Bernard Levy, CEO of Electricite de France, said the company will defend its business plans as the government makes a decision by the end of 2018 on whether it supports closing as many as 17 reactors by 2025. "I am convinced that the French state will look to reconcile the various interests concerning the electricity system, regulation, the changes in the energy industry and its own interests as a stakeholder of EDF," Levy said.
The Georgia Public Service Commission will vote today to decide whether Georgia Power's revised estimate of $12.17 billion in total costs and new construction schedule for the Plant Vogtle nuclear power plant are reasonable, a necessary bar to meet under state law. Under the new schedule, Units 3 and 4 will be completed in November 2021 and November 2022, respectively.
Santee Cooper President and CEO Lonnie Carter warned that SCANA shouldn't sell at a discount the required parts to complete the expansion of the V.C. Summer nuclear plant, which are on site, to pay off debts now because it will have to buy them at full price if it chooses to complete the project when market conditions improve. "I caution us not to walk away from this investment," Carter said.
Yukiya Amano has been appointed to serve an additional term as director-general of the International Atomic Energy Agency, keeping him in the position until 2021. He became director-general in 2009.
As part of its plans to diversify its energy mix, Saudi Arabia said it is still performing feasibility studies on the best locations and best practices technically and economically for constructing the country's first nuclear power plants. Saudi Arabia already has cooperation agreements in place with South Korea and China.
With the completion of commissioning tests, Unit 4 of China National Nuclear's Fuqing nuclear power plant in China is now considered to be in commercial operation, the company said. The plant will ultimately have six reactors, all of which are expected to be in operation by 2021.
Every 1,000 megawatts of nuclear energy production capacity provides 200,000 job-years for workers, taking into account constructing, operating and decommissioning the reactor, as well as the workers in the supply chain, according to a new study by the OECD Nuclear Energy Agency and the International Atomic Energy Agency. The authors of the report, Measuring Employment Generated by the Nuclear Power Sector, combined top-down and bottom-up methods.
Retiring a nuclear power plant costs thousands of jobs and takes away a source of carbon-free electricity, writes David Gannon. Pennsylvania lawmakers need to value the economic and environmental impact of nuclear energy and develop an energy policy that supports the industry, he writes.
Westinghouse Electric Co.'s decision to file for Chapter 11 bankruptcy protection was "strategic," and the company will come out of it "leaner, stronger and more competitive," President and CEO Jose Gutierrez said. Westinghouse is developing a transformation plan that involves returning to its core business of engineering and procurement and leaving the construction business.
The UK government said it has been holding meetings with companies that submitted proposals to develop small modular reactors. Ministers will make a policy decision after another round of talks with the companies, which include Rolls-Royce, NuScale and Westinghouse Electric Co.