Corporate rss

SCE&G opts to fix Summer price

27 May 2016

South Carolina Electric & Gas Company (SCE&G) has chosen a fixed price option for the completion of the VC Summer 2 and 3 AP1000 units under a 2015 amendment to the engineering, procurement and construction contract for the plant.

Managing financing risks for new nuclear

23 May 2016

Developers of new nuclear power plants can draw on the experience of other large-scale infrastructure projects to help identify and reduce financing risks, a senior corporate banker told delegates at a recent conference.

EDF ratings downgraded, UK arm clarifies Hinkley cost

13 May 2016

Moody's Investors Service has downgraded to A2 from A1 the issuer and senior unsecured ratings of Électricité de France, outlook negative. The rationale for the negative outlook includes "the incremental risks associated with the Hinkley Point C nuclear power station project in the UK, should it go ahead," Moody's said yesterday.

Illinois rallies as nuclear plants fail in capacity auction

26 May 2016

Illinois_rallly_(Nuclear_Powers_IL)-48Exelon's Quad Cities and Three Mile Island nuclear power plants failed to clear in the PJM regional capacity auction for the 2019-2020 planning year, meaning those units will not be able to receive capacity revenue for that period. Meanwhile, over 1500 people rallied in Illinois to support the passage of legislation that would protect nuclear plants from early closure.

Toshiba terminates obsolete agreements with CB&I

16 May 2016

Toshiba and CB&I have agreed to terminate a number of agreements originally signed between Shaw Group and Toshiba related to construction of two Advanced Boiling Water Reactors (ABWRs) at the South Texas Project (STP). Since the agreements were signed in 2010, Shaw was acquired by CB&I, which later sold the reactor construction business to Westinghouse, itself a Toshiba company.

Closure recommended for Nebraska nuclear plant

13 May 2016

Fort Calhoun at night 48Senior management at Omaha Public Power District have recommended that the Fort Calhoun nuclear power plant in Nebraska should close at the end of 2016 for economic reasons.