Showing posts from September, 2016

GE confirms merger value

Nuclear slowly recovering as UK goes ahead with Hinkley Point

General Electric got confirmation of its 2015 French merger Thursday when the government of British Prime Minister Theresa May approved the controversial $23.8 billion (18.17 billion pounds)Hinkley Point C  project, after putting it on hold in July.
GE told Reuters it will receive $1.9 billion for a contract to supply steam turbines, generators and other equipment to the project, the United Kingdom's first new nuclear power plant in decades.
The project, being built by French state-controlled utility company EDF, includes an $8 billion investment from Chinese state-backed firm China General Nuclear Power Corporation.
The power station is to be built on a headland overlooking the Bristol Channel in southwest England and will include two French-designed reactors.

It's Not News....

Two of 11 Duke Nuclear Reactors offline, Brunswick & Harris off earthquake list
Two Duke Energy nuclear reactors were shut down this month (November 2015), reducing the capacity of the second largest U.S. nuclear fleet 16.7% for five days.
Apparently North and South Carolina news operations – newspapers, radio, TV and online – agree with the utility that this was not news.
On November 12, the 938 megawatt Brunswick Nuclear Plant Unit One returned to service after a five day shutdown to repair a leaking recirculating pump seal and the 848 MW Oconee Nuclear Station Unit Two ended a 26 day refueling outage.
This was two of the 11 reactors that provided 52% of the electricity Duke produced in the Carolinas during the first nine months of the year; but the utility didn’t believe it was news, so there was no news release. 
Most of the news releases about Duke’s six Carolina nuclear power plants are notices to local media about quarterly siren tests. Of the 174 news releases posted on the ut…
More Heat, Less Nuclear PowerWith summer heat topping 20 15’s records, there was less electricity available from the U.S. nuclear fleet during June, July and August as 2016 nuclear power plant outages soared 51% from a year ago. That’s an average of 4.3 gigawatts (GW), according to the U.S. Energy Information Administration. Summer outages were at their highest in June, reaching 9.9 GW, or about 10% of total U.S. nuclear capacity, on June 17 and averaging 6.2 GW for the month. Outages dropped to an average of 4.4 GW in July and 2.4 GW in August when the Carolinas contributed to the to the total with the automatic shutdown of the Robinson Nuclear plant due to a turbine trip. Last year, nuclear outages reached the lowest level since 2007, with outages totaling just 0.1 GW – 100 megawatts (MW) – during four days in August 2015. The low level of outages helped the nation’s electric utilities meet the demand created by 2015’s record heat. The reactors provided no help this year as each of the…