The Federal Energy Regulatory Committee voted down a proposal from the Department of Energy offering financial support for power plants that keep a 90-day supply of fuel stock on site (basically coal and nuclear plants). The FERC said the cost to consumers far outweighed any possible grid security benefit of the measure.
President Donald Trump announced today he won’t certify Iran’s compliance with the 2015 nuclear agreement. The decision had been flagged in advance by administration officials. The next move is up to Congress. It has 60 days to decide whether or not to reimpose sanctions on Iran that were lifted by the 2015 deal. Any decision […]
Westinghouse is one of the biggest names in nuclear energy around the world, and has been working on four new U.S. nuclear plants for years. Those South Carolina and Georgia-based projects have already run some $8 billion over budget. Now, Westinghouse has declared bankruptcy. This raises big questions about whether there’s a place for more […]
Westinghouse Electric Company, the nuclear energy firm based in Pittsburgh, filed for Chapter 11 bankruptcy Wednesday. Westinghouse is owned by the Japanese company Toshiba and has been running several years late and billions of dollars over budget in its construction on several nuclear reactors in the southern United States. Click the above audio player to […]
Toshiba, a fixture of Japan Inc. for more than a century, is in big trouble — to the tune of $6.3 billion. The company announced that whopping loss after the market closed in Tokyo today, and that may not be the worst yet. Some news reports say Toshiba might not survive in its current form. It is, […]