What does Toshiba’s financial meltdown mean for new nuclear reactor projects in U.S.?

This is first in a series of blogs about Toshiba’s financial meltdown and the implications this is having on new nuclear power plant projects. Today’s blog serves as an overview.

Coverage of the still-unfolding financial meltdown of Japanese tech-mogul Toshiba has been growing since late December when the massive financial losses were first divulged. Toshiba’s much anticipated earnings report call yesterday, which was expected to shed light on the situation, was delayed with permission from Japanese regulators until March 14. Toshiba still reported extremely bad news, much larger losses than earlier predicted and the selling-off of key Toshiba assets.

Do You Hear That? It’s The Fat Lady Singing; Nuclear Revival Ends Almost Before It Starts

Dennis Wamsted’s post, “Do You Hear That? It’s The Fat Lady Singing; Nuclear Revival Ends Almost Before It Starts,” originally ran in his blog, Wamsted on Energy: News and views for thinking professionals, on February 10, 2017. Find the original post here and more about Mr. Wamsted here. Published below with permission. Five years ago almost to [...]

Fool’s Gold? Nuclear Power and Climate Change

Below is a guest blog post with permission to re-post from Gregory Jaczko, former U.S. Nuclear Regulatory Commission (NRC) Chairman and Commissioner, originally published in the Huffington Post’s “The Blog” on December 14, 2015, which can be found here. Back in 2012, then-Chairman Jaczko was the only NRC Commissioner who voted against issuing the combined operating [...]

Opposition to FPL’s Proposed Turkey Point Nuclear Reactors Grows

In celebration of National Hispanic Heritage Month, SACE will be posting a series of blogs highlighting issues that impact Latino communities throughout the Southeast. This is the first blog in that series, and please stay tuned for more entries throughout the month. To view this blog in Spanish, click here. Over the last several months, much [...]

New nuclear reactor designs and concepts are expensive, challenging – New GAO report

The U.S. Government Accountability Office (GAO) released a new technology assessment report yesterday, “Nuclear Reactors: Status and challenges in development and deployment of new commercial concepts.” But the results of the study were anything but new. The GAO’s findings confirmed that new nuclear reactor technologies, such as small modular reactors (SMRs), and other new reactor [...]

What have we learned in the four years since the Fukushima nuclear disaster in Japan?

Today marks the fourth anniversary of the devastating Great Japan East Earthquake and subsequent tsunami that killed many thousands of people, with thousands still missing, and triggered a triple-meltdown at the Fukushima Dai-ichi nuclear plant. A reported 250,000 people still remain displaced, with the Fukushima prefecture officially stating that over 118,000 Fukushima people are still [...]

What do all nuclear reactors under construction in the U.S. have in common?

Hint: this isn’t a hard question to answer if you look back at the nuclear power industry’s track record. And the answer is? Drum roll please… All five nuclear reactors presently under construction in the U.S. are… delayed and over budget. That’s 100%! Every single one… SCANA now joins other utilities including Tennessee Valley Authority and [...]

Clemson Wind Turbine Testing Facility Opens in North Charleston

Yesterday was the grand opening of the Clemson University Wind Turbine Drivetrain Testing Facility, the biggest and most advanced test center of its kind in the world. SACE was a sponsor of the event had the pleasure of sending a small team to attend. The facility will test advanced wind turbines by simulating field conditions [...]

So-called nuclear renaissance relapses, recovery seems unlikely

Despite much fanfare about the so-called nuclear “renaissance” over the past several years, not much has actually materialized. In fact, the last couple of weeks have proven particularly challenging to the renaissance myth, as several decisions were made to cancel proposed new reactor projects and shut down existing reactors. Let’s take a look at how [...]

Duke Energy leads Southeastern utilities in avoiding taxes

According to a new study from Citizens for Tax Justice, Duke Energy led five other Southeastern utilities in avoiding federal corporate income taxes. Compared to the statutory 35% corporate tax rate, Southeastern utilities paid about 10.5% of pre-tax profits in federal taxes during the 2008-10 time period. Duke’s effective tax rate of -3.9% (that is, [...]