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PostPosted: May 18, 2017 11:05 pm 
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Indian cabinet approves plans to build 10 nuclear reactors

Very wise. They are cost effective Indian PHWR,s.


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PostPosted: May 24, 2017 3:30 pm 
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May 24, 2017—Westinghouse Electric Co. interim President and Chief Executive Officer José Gutiérrez said the company is "very stable" and expressed confidence that it will emerge from Chapter 11 bankruptcy "quickly, better, stronger and more competitive." Westinghouse is working with its customers to find a solution to complete the Vogtle and V.C. Summer reactors, Gutierrez said at the Nuclear Energy Assembly this morning in Scottsdale, Arizona. He added that the problems that led to the Chapter 11 filing have nothing to do with the AP1000 technology and that the reactors being built in China are proceeding well.

Troubled by significant cost overruns on construction of the Vogtle and Summer reactors, Westinghouse filed for bankruptcy protection on March 29 to protect its core businesses and give the company time to restructure for continuing operation. The nuclear industry’s annual meeting, which drew some 700 participants, marked the first time that Westinghouse has spoken about the filing in a large gathering, Gutierrez said.

Construction of these reactors has never gone as smoothly as Westinghouse had hoped, he said, and was further complicated by post-Fukushima requirements imposed by the U.S. Nuclear Regulatory Commission after it had approved the AP1000 design. He said the company is working with its customers—Southern Nuclear and SCANA Corp.—to devise a solution to enable completion of the reactors. He did not elaborate.

Gutierrez said Westinghouse’s core businesses remain strong. In fact, since filing for bankruptcy, the company has been awarded several fuel and services contracts. “That’s a demonstration of confidence” in Westinghouse, he said. The company also has delivered fuel to 21 reactors in the past three months without compromising any outage schedules.

Westinghouse remains committed to its reactor design business as well and will pursue future sales, he said. However, the project model will be closer to that used in China than the Vogtle and Summer projects in which Westinghouse took on the unfamiliar role of constructor.

Echoing remarks by NEI President and CEO Maria Korsnick on Tuesday, Gutierrez emphasized the importance of nuclear energy to meet the world’s growing need for electricity and said it is important that the United States regain its leadership position in nuclear energy technology.

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PostPosted: May 25, 2017 10:47 am 
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Toshiba may seek buyers for Westinghouse starting this fall

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Tokyo-based Toshiba has “signalled pretty clearly to the market” that it wants to divest a majority stake in Westinghouse, Marano said in an interview at the Nuclear Energy Assembly in Scottsdale, Arizona, on Tuesday. Toshiba put Westinghouse into bankruptcy in the US on 29 March and has since warned it may not be able to continue as a going concern because of the losses from the business.

Toshiba president Satoshi Tsunakawa has said the company may sell the unit which has been hit with billions of dollars in losses from cost overruns on nuclear projects. Possible bidders may come from China or South Korea, which are developing their own reactors for export, according to analysts and academics. Private equity firms are also among potential suitors. Apollo Global Management LLC won a bidding war to lend Westinghouse $800 million to fund operations as it tries to reorganize.


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PostPosted: May 28, 2017 1:02 am 
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Business enterprises are always running into profit or loss. However the US NRC brings out the worst failing of public institutions as a result of power unmatched by responsibility. It is the death knell of nuclear enterprises connected to it. The nuclear progress has moved to Eurasian land moss, less west Europe and Japan.


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PostPosted: Jun 04, 2017 8:55 am 
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Plant Vogtle deadline arrives with no deal

Once-secret records reveal pattern of costly mistakes at troubled nuclear project


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PostPosted: Jun 05, 2017 11:53 am 
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Changing anything once a project has started is expensive. Even seemingly small issues can cascade into huge ones.

Oh, you cannot source a 1/8th watt resistor? A 1/4 watt resistor won't fit on the board. You want me to "make it fit"? Sure, I'll just take this layout, toss it in the bin, and start over.

You want this embedded network device to support jumbo ethernet frames now? You realize that the chip we have is nearly maxed out it's memory and power allowed, don't you? Sure, I'll just find a new part, increase the memory, recompile the code, re-run the simulation, and maybe, just MAYBE we'll be lucky that power consumption is still in spec.

My question is who ordered the changes? If it is because of government changes after the fact then that's just another example on why we need reform in how nuclear power is licensed and regulated. If this is because of poor planning on the designers of the reactor then they deserve to lose out on this.

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Disclaimer: I am an engineer but not a nuclear engineer, mechanical engineer, chemical engineer, or industrial engineer. My education included electrical, computer, and software engineering.


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PostPosted: Jun 10, 2017 9:33 am 
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Toshiba to Cough Up $3.68 Billion to Finish Troubled U.S. Nuclear Plant

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Under the agreement, Toshiba agreed to pay Southern $3.68 billion to help cover the costs of completing two reactors at the long-delayed nuclear plant, while Southern agreed not to ask for more


Georgia Power enters new agreements for Vogtle nuclear expansion


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PostPosted: Jun 12, 2017 12:00 pm 
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With $8.6 billion spent, fate of South Carolina nuclear reactors still unknown


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PostPosted: Jun 26, 2017 3:01 pm 
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'Claims traders' play the margins in Westinghouse's bankruptcy case

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These traders typically calculate the amount of money a creditor is likely to recover in a bankruptcy case. They then offer a smaller sum to "buy" the creditor's claim against a debtor. The selling point is that the creditor gets paid right away, albeit at a discounted rate. The claims trader waits out the case in the hopes of making a profit on the investment once the court approves a plan to pay claims.

According to the state's Office of Regulatory Staff, a trader has estimated that unsecured claims in the Westinghouse case — meaning the creditors have no liens on the company's assets — are likely to wind up with 32 cents on the dollar. Mechanic's liens and so-called reclamation claims — those made on goods purchased on credit by an insolvent debtor within 20 days of a bankruptcy filing — are likely to receive 80 cents on the dollar.


I don't know, this might backfire against them, when a bankruptcy judge realizes he isn't actually paying off people who have legitimate claims, but is actually paying off a bunch of traders who have tried to "game" his response.


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PostPosted: Jun 30, 2017 12:56 am 
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Toshiba tried to act as a big claim trader and and burnt not only their fingers but whole limbs in the process. Highly disliked word 'outsourcing' is suitable at this stage. Russia and China are the current low-cost reactor builders and could buy out and execute the contracts. I wonder if Korea could execute many more contracts after their UAE outing.


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PostPosted: Jul 03, 2017 9:52 pm 
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PSC: Vogtle work farther behind, but improving

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Thursday’s hearing was part of the PSC’s semi-annual examination of Georgia Power’s spending and progress toward building two new nuclear reactors at Plant Vogtle, near Augusta. The company is seeking the utility regulator’s approval of $222 million spent during the second half of 2016.

But much of the hearing was spent looking at the Plant Vogtle expansion’s problems leading up to Westinghouse Electric’s bankruptcy filing in late March. Westinghouse cited losses at Vogtle and a similar project in South Carolina for its Chapter 11 reorganization.

That bankruptcy has thrown the Vogtle project’s viability into question. Southern Company and its largest subsidiary, Georgia Power, are expected to complete an analysis in August of future options, including continuing construction, converting the expansion to natural gas plants or shutting it down.

At Thursday’s hearing, a dozen members of the public exhorted the PSC’s five-member board to pull the plug.


Ga. utilities prepare to take over embattled nuclear project in possible model for S.C. reactors

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Under the Georgia arrangement, Westinghouse’s parent company, Tokyo-based Toshiba, would start making monthly payments this fall to fulfill its promise to guarantee the nuclear reactors’ completion. Westinghouse would stay on as a contractor for the project, which is using technology it developed.

In return, Georgia Power and a handful of other utilities in the Peach State would bear the risk of moving forward with the project, and Westinghouse wouldn't be liable if the reactors aren't finished.


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