Nuclear

Pressures on competitive power markets have fueled substantial declines in plant valuations over the past five years, with coal plants taking the brunt of the damage. That’s the conclusion of a new report from financial services firm Fitch Ratings released on Wednesday. The report, which calculated the net present value of plants across the country […]

Republicans in the House and the Senate introduced a new bill on Wednesday that would place new restrictions on the power of the Nuclear Regulatory Commission (NRC). The Nuclear Regulatory Commission Reorganization Plan Codification and Complements Act (NRC Reorganization Act) would guide the NRC’s policy and rulemaking actions and “clarify” the role and scope of […]

Members of the House Energy and Commerce Subcommittee on Environment and the Economy on Tuesday pushed top officials from the Nuclear Regulatory Commission (NRC) and the Department of Energy (DOE) to act immediately to restart the Yucca Mountain repository licensing process. Only two witnesses testified at the hearing on how the Obama administration intends to […]

In response to a pivotal federal court decision in August, the Nuclear Regulatory Commission (NRC) last week said it will seek comments on how to restart the licensing process for the Yucca Mountain permanent nuclear waste repository in Nevada. The request will help the NRC “ensure the most efficient and productive use of the approximately […]

Norwegian company Thor Energy began a five-year-long irradiation test of thorium fuel at the Institute for Energy Technology’s research reactor in Halden, Norway, marking the most recent investigation into

On Sept. 25, 2012, the U.S. Nuclear Regulatory Commission (NRC) issued a construction and operating license (COL) to General Electric-Hitachi Global Laser Enrichment LLC (GLE) for its uranium enrichment plant

The Department of Energy (DOE) has fully allocated funds to support Babcock & Wilcox’s (B&W’s) initial project period for its mPower small modular reactor (SMR) technology. The North Carolina–based company was the only winner selected in November 2012 of the DOE’s competitively bid SMR Licensing Technical Support Program, an initiative designed to boost the accelerated […]

Two federally sponsored reports submitted to the Eastern Interconnection States’ Planning Council (EISPC) suggest that the rapid expansion of natural gas could force the closure of between 35 GW and 60 GW of U.S. coal power capacity over the next five years and weaken market forces that now bolster existing nuclear plants. An Energy Department–funded […]

The embattled Vermont Yankee Nuclear Power Station in Vernon, Vt., will be permanently shuttered in the fourth quarter of 2014 after its current fuel cycle, plant owner Entergy Corp. announced on Tuesday. The decision to close the 41-year-old boiling water reactor was based on a number of financial factors, including sustained low natural gas prices […]

Entergy Corp. can continue operating Unit 2 at its two-reactor Indian Point nuclear power plant in Buchanan, N.Y., until the Nuclear Regulatory Commission (NRC) decides whether to renew the unit’s operating license—even after it expires on Sept. 28. The federal regulator notified Entergy on Monday that it is “clear” the NRC will not issue a […]