nuclear plants

Financially hemorrhaging in 2016 due to uneconomic power plants in its fleet, FirstEnergy Corp. said it may exit the competitive generation business by mid-2018, and shutter its nuclear plants in Ohio, even though it will back legislation to subsidize nuclear power. In a fourth quarter earnings call on February 22, officials from the Akron, Ohio–based […]

September 06, 2016 04:05 PM Eastern Daylight Time SYKESVILLE, Md.–(BUSINESS WIRE)–GSE Systems, Inc. (“GSE” or “the Company”) (NYSE MKT: GVP), the world leader in real-time high-fidelity simulation systems and training solutions to the power and process industries, today announced that it has been awarded contracts to provide mission-critical updates to multi-unit nuclear site simulator platforms […]

Despite the positive attributes of nuclear power—zero carbon emissions, reliable generation, low fuel costs, and a small footprint—the outlook for new nuclear in the United States is “bearish,” said Anthony Ianno, a Morgan Stanley managing director who follows the electricity business as an investment banker and dealmaker.

The Nuclear Regulatory Commission (NRC) has dropped a study begun in 2010 to determine cancer risks in populations near U.S. nuclear power facilities. Continuing the work was “impractical, given the significant amount of time and resources needed and the agency’s current budget constraints,” the regulatory body said. The study that was being conducted by the […]