Seven utilities last week warned a U.S. Bankruptcy Court judge they believe nuclear energy icon Westinghouse Electric won’t be able to continue operating with “just” an $800 million bankruptcy loan.
The European Commission signed this week the first-ever project for nuclear safety cooperation with Iran, following the nuclear agreement signed in July 2015 between the country and the six Western countries, Kallanish Energy reports.
Bankrupt nuclear energy icon Westinghouse Electric has told South Carolina Electric & Gas (SCE&G) the additional cost of completing its two AP1000 reactors at the VC Summer complex is roughly $1.5 billion.
Exelon Generation, said last week it’s partnering with the Japan Atomic Power Co. (JAPC) in joint venture JExel Nuclear to leverage Exelon’s expertise in operations and safety using Japanese reactor technologies.
The share of U.S. total utility-scale electricity generation from natural gas is projected to fall from an average of 34% in 2016, to 32% in both 2017 and 2018, a result of higher expected natural gas prices, the Energy Information Administration hypothesizes.
Toshiba, whose U.S. nuclear unit, Westinghouse Electric, has filed for bankruptcy protection, reported unaudited earnings Tuesday, projecting a 1.01 trillion yen ($9.2 billion) loss for the fiscal year that ended March 31.