FirstEnergy says it is getting out of the nuclear power business within the next three years. The company’s power plant subsidiaries FirstEnergy Solutions and the FirstEnergy Nuclear Operating Co. late Wednesday informed the Nuclear Regulatory Commission and regional grid manager PJM Interconnection that it will close its nuclear power plants within three years. The companies plan to close the Davis-Besse nuclear power plant near Toledo in 2020, and both the Perry nuclear plant in Lake County as well as the two-reactor Beaver Valley nuclear plant near Pittsburgh in 2021. The companies announced the decision well after the close of business, but made no mention of filing for bankruptcy. Closing the nuclear plants years from today does nothing to alleviate the heavy debt FirstEnergy Solutions has amassed — more than $2.8 billion to creditors and another $1.7 billion to the parent company FirstEnergy Corp.
Cleveland.com 28th March 2018 read more »
The Department of Energy has officially given the go-ahead to construct the last three buildings that will make up Y-12 National Security Complex’s long-awaited Uranium Processing Facility. The $6.5 billion project will be the largest construction project the state has ever seen and the National Nuclear Security Administration (NNSA) expects the project to create more than 2,000 jobs during peak construction.
Know News 27th March 2018 read more »