Liberalized electricity markets fail to appreciate the value nuclear power provides as a reliable, clean and cost-effective fuel that helps keep the grid stable, Marvin Fertel of the Nuclear Energy Institute said today.

 

Lightbridge Corp has become the first US company to work with the Vietnam Agency for Radiation and Nuclear Safety following their signing of a memorandum of understanding to develop the administrative, legal and regulatory infrastructure required to support Vietnam’s nuclear power program.

South Carolina Electric & Gas hopes to reach agreement by the end of this year on a revised schedule and cost estimate for a project to build two AP1000 units at its Summer nuclear power plant in Fairfield County, South Carolina.

Public Service Enterprise Group is in the process of negotiating a land swap with the US Army Corp of Engineers to acquire land adjacent to its existing Salem and Hope Creek nuclear power plants along the Delaware River.

The US Environmental Protection Agency's 1977 radiation protection standards for nuclear power operations adequately protect public health and do not need to be updated, the Nuclear Energy Institute (NEI) has said.

UPDATED Converdyn says it will press on with a legal challenge against the Department of Energy after a federal judge this week denied a temporary injunction to stop the department's uranium barter program. Converdyn is the USA's sole uranium conversion company.

US nuclear power companies argue they will lose business to rivals from other countries, including Russia and China, if Congress decides against reauthorization of the Export-Import Bank.

The US Senate Committee on Foreign Relations has passed legislation approving a 123 agreement on nuclear cooperation with Vietnam.

The US Nuclear Regulatory Commission has issued its draft final rule and draft generic environmental impact statement on the continued storage of used fuel.

A new congressionally mandated report from the National Academy of Sciences has concluded that the "overarching" lesson learned from the 2011 Fukushima Daiichi nuclear accident is that nuclear plant licensees and their regulators “must actively seek out and act on” new information about hazards with the potential to affect the safety of nuclear plants.

Entergy has criticized a Department of Environmental Conservation proposal to require simultaneous annual outages at both of its Indian Point nuclear power units aimed at protecting fish in the Hudson River.

Lockheed Martin and China's State Nuclear Automation System Engineering Corporation have extended their cooperation in the development of reactor protection systems for Chinese nuclear power plants.