Corporate

Corporate
Exelon plants 'almost out of time', says CEO

Exelon plants 'almost out of time', says CEO

Exelon is not giving up on its Illinois plants, but will go ahead with the closure of Byron and Dresden later this year if the state does not - before the end of its current session - pass policy reforms to support their continued operation, CEO Chris Crane said this week.

Corporate 07 May 2021


Energoatom sees further market 'discrimination'

Energoatom sees further market 'discrimination'

Ukrainian nuclear power plant operator Energoatom has called on lawmakers to repeal a resolution recently passed by the Cabinet of Ministers of Ukraine and restore the previous Public Service Obligation mechanism in the country's electricity market until the end of June. Parliamentarians should "analyse in detail", the state-run company said, "who, how and in whose favour" Resolution 439 had been prepared, since it "harms" state-owned energy-generating companies.

Corporate 05 May 2021


Economic viability study a 'wakeup call' for US plants: NEI

Economic viability study a 'wakeup call' for US plants: NEI

Most of the nuclear plants in the PJM Interconnection wholesale electricity market - covering 13 US states and the District of Columbia - will not produce enough revenue to remain economically viable in the coming years, an independent economic evaluation has concluded.

Corporate 30 April 2021


Indian Point celebrates record run as closure approaches

Indian Point celebrates record run as closure approaches

Entergy Corporation's Indian Point unit 3 will be shut down tomorrow after nearly 60 years of nuclear power generation at the site in New York state. The closure will bring to an end a world record-breaking run for the pressurised water reactor.

Corporate 29 April 2021


Uranium investment company restructures to pursue US listing

Uranium investment company restructures to pursue US listing

Uranium investment company Uranium Participation Corporation has entered into a definitive agreement with Sprott Asset Management LP to convert UPC into the Sprott Physical Uranium Trust and pursue listing on US stock exchanges. Denison Mines Inc's Management Services Agreement with UPC will be terminated, with Denison set to receive a termination payment estimated at CAD5.3 million (USD4.3 million).

Corporate 29 April 2021


Ortalyk stake sale agreement signed

Ortalyk stake sale agreement signed

Kazatomprom has announced the signing of a sale and purchase agreement for the sale of a 49% share of Ortalyk LLP to a subsidiary of China General Nuclear Power Corporation, subject to conditions and governmental approvals.

Corporate 26 April 2021


Independent auditors recommend financial support for Illinois plants

Independent auditors recommend financial support for Illinois plants

An independent financial audit requested by the state of Illinois has found the Byron and Dresden nuclear power plants face "real risk" of becoming uneconomic in the near term. State support could help provide security for the plants to be part of a strategy for Illinois to transition to less carbon-emitting resources, the report finds.

Corporate 20 April 2021


UK's NDA launches new nuclear transport division

UK's NDA launches new nuclear transport division

A new specialist nuclear transport organisation has officially launched today in the UK. Nuclear Transport Solutions, part of the Nuclear Decommissioning Authority, operates Direct Rail Services and Pacific Nuclear Transport Limited, which provide rail and shipping services, respectively. The NDA is also in the process of integrating its radioactive waste management businesses.

Corporate 19 April 2021


Stakeholders reach consensus on Indian Point transfer

Stakeholders reach consensus on Indian Point transfer

A joint agreement has been reached between the State of New York, Entergy, Holtec and other stakeholders to provide for the transfer of the Indian Point nuclear power plant to Holtec for decommissioning and site remediation. It also resolves pending litigation concerning the post-shutdown transfer of plant licences when the final unit at the site shuts down later this month.

Corporate 16 April 2021


Kazatomprom put health before profit during pandemic, says Pirmatov

Kazatomprom put health before profit during pandemic, says Pirmatov

The pandemic has shown the resilience of the nuclear industry to act responsibly, both as a supplier of energy and as an employer, the head of the world's biggest uranium producer said today. In his address to delegates at the World Nuclear Fuel Cycle forum, Kazatomprom CEO Galymzhan Pirmatov said the wellbeing of the company's 20,000 employees was his first priority.

Corporate 14 April 2021