ATLANTA (AP) — A recent decision brings a power company in Georgia a step closer to getting government-subsidized loans to build a new nuclear power plant.
The Municipal Electric Authority of Georgia, or MEAG, can transfer its 23 percent ownership stake in two new reactors at Plant Vogtle to three wholly owned firms created to facilitate project lending, under a recent decision from the U.S. Nuclear Regulatory Commission.
MEAG is seeking more than $2 billion in low-interest loans from the U.S. government to cover part of its share of costs to build one of the country's first brand-new nuclear plants in a generation. The two other major co-owners, Southern Co. subsidiary Georgia Power and Oglethorpe Power, have already struck deals with the U.S. Department of Energy to get $6.5 billion in government-backed lending.
SIOUX FALLS, S.D. (AP) — A company proposing a uranium mine near Edgemont needs better studies to ensure that its operations won't hurt cultural and historic sites in the Black Hills, an attorney representing the Oglala Sioux Tribe said Tuesday.
Three administrative judges of the federal Atomic Safety and Licensing Board listened to telephone arguments on its April decision to put a temporary hold on the U.S. Nuclear Regulatory Commission operating license for Powertech Uranium Corp.
TALLAHASSEE, Fla. (AP) — Florida's largest power company received the go-ahead from state officials Tuesday to construct two nuclear reactors in South Florida, a project vehemently opposed by officials in several cities in Miami-Dade County.
Gov. Rick Scott and the three members of the Florida Cabinet voted Tuesday in favor of a plan that would allow Florida Power & Light to add nuclear generators to its existing Turkey Point facility near Homestead. The project would add approximately 2,200 megawatts of power, enough for about 750,000 homes.
The vote also gives the utility permission to erect nearly 90 miles of new power lines to carry electricity from the plant, including lines that will skirt the Everglades National Park.
Sens. Barbara Boxer, D-Calif., Ed Markey, D-Mass., and Bernie Sanders, I-Vt., have introduced legislation aimed at increasing safety and security at nuclear plants that are getting decommissioned, The Hill reports.
Kitty litter was used to absorb liquid in radioactive waste sent to the Waste Isolation Pilot Plant in New Mexico, and a scientist who used to work there told the Carlsbad Current-Argus that changing to an organic mixture could have triggered an explosion in a drum holding waste there.
TALLAHASSEE, Fla. (AP) — Florida Gov. Rick Scott and the three members of the Cabinet are being asked to approve two nuclear reactors for South Florida.
Scott and the state's three other elected officials on Tuesday will decide whether Florida Power & Light should be allowed to add two nuclear generators at its existing Turkey Point facility near Homestead. The project would add approximately 2,200 megawatts of power or enough for an estimated 750,000 homes.
VIENNA (AP) — A once-promising U.N. attempt to probe suspicions that Tehran worked on atomic arms is faltering — and with it, hopes that Iran and six world powers can meet their July target date for an overarching nuclear deal.
With efforts to draft the text of an agreement starting in Vienna on Wednesday, both sides say that meeting the informal July 20 deadline remains possible. The U.S. administration gives it a 50-50 chance, and Iranian Foreign minister Mohammad Javad Zarif recently said the talks are progressing at an "unexpectedly fast pace."
The United States, Russia, China, Britain, France and Germany want to reduce Iran's present nuclear weapons-making potential. Tehran has been engaging with them over the past six months in exchange for full sanctions relief, even though it insists it has no interest in such arms.
Oil gained early Monday after comments from OPEC Secretary General Abdullah al-Badri that prices could climb to $200 a barrel, but resumed its slide after he said there was an excess supply to the tune of 1.5 million barrels per day. West Texas Intermediate crude for March delivery dropped 44 cents to settle at $45.15 a barrel on the Nymex, while in London Brent lost 1.3 percent, falling 63 cents to $48.16, Bloomberg reports.
In a move that marks another hefty restructuring of master limited partnerships, Energy Transfer Partners says it’s acquiring Regency Energy Partners, a sister firm operating under parent Energy Transfer Equity LP, for more than $11 billion, FuelFix reports.
The Oklahoma Supreme Court will decide how lawsuits related to earthquakes should be handled, agreeing to take on an appeal from Sandra Lada, who says she was injured in 2011 in a quake she blames on two oil companies operating disposal wells, the Tulsa World reports.
Following a move by two utilities to drop their contracts to buy power from Cape Wind, grid operator ISO New England last week suspended the project’s participation in New England’s wholesale electricity markets, and the company has stopped paying to lease land in Rhode Island that would have been a staging area to build the $2.5 billion offshore wind farm, The Boston Globe reports.
The Environmental Protection Agency’s list of 5,500 entrants in the National Building Competition last year -– battling each other to see who can save the most energy –- is a far cry from the 14 who took part when EPA started the contest in 2010, E&E reports.