Illinois Gov. Bruce Rauner visited Exelon's Clinton nuclear power plant to note the first anniversary of the Future Energy Jobs Act, under which Exelon received $235 million in support to continue operating the Clinton and Quad Cities nuclear power plants. "This is one of the great economic engines for the entire state of Illinois," Rauner said.
Toshiba has paid the full amount of its guarantee obligation to the owners of the Plant Vogtle nuclear power plant expansion project in Georgia, headed by Georgia Power. The payment of $3.225 billion includes $1.47 billion for Georgia Power.
Entergy next week makes its final payment into the site-restoration fund for its retired Vermont Yankee nuclear power plant, pushing the fund past $30 million. The money will cover the costs of nonradiological cleanup.
Regulators in Wisconsin approved Xcel Energy's request to increase its electricity and natural gas revenue. The additional revenue would be dedicated, in part, to the cost of upgrades to its Prairie Island nuclear power plant.
Russia and Saudi Arabia signed a roadmap detailing necessary steps for enacting a nuclear energy cooperation program, Rosatom said.
South Korea's energy ministry said the country will decrease its dependence on nuclear energy and coal over the next 15 years, although the two sources will still provide 60% of electricity in 2030. South Korea also plans to build two nuclear reactors by 2022.
If two reactors at Entergy's Indian Point nuclear power plant in New York close in 2020 and 2021 as planned, New York is expected to still have reliable electricity during the 2018 to 2023 time period, according to a report from the New York Independent System Operator. New gas plants are scheduled to begin operation during the next few years.
The program to develop and license small modular reactors will become more expensive than the 2017 allocation of $5 million from Congress, Nuclear Regulatory Commission Chairwoman Kristine Svinicki said. Costs beyond that would have to be covered by fees, making it more costly to licensees and applicants.
Unit 2 at Dominion Energy's North Anna nuclear power plant in Virginia restarted operations Tuesday after a small water leak caused a shutdown Sunday. Operators put the reactor in hot shutdown, keeping the temperature and pressure at operating levels to allow it to come back online more quickly.
Leaders are failing worldwide, with one survey showing CEO trust is lower than ever, says Sebastian Salicru. He stresses business leaders must realize social and economic unrest is the new normal and adapt their businesses accordingly.
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