FirstEnergy Solutions Files Certification Letter with NRC Affirming Plans to Deactivate Three Nuclear Generating Plants

AKRON, Ohio, April 25, 2018 /PRNewswire/ — FirstEnergy Solutions (FES), a competitive generation subsidiary of FirstEnergy Corp. (NYSE: FE), today announced that it has filed a Certification Letter with the U.S. Nuclear Regulatory Commission (NRC) formally notifying the Commission of its decision to permanently deactivate its nuclear power plants – two in Ohio and a third …

Uranium Carry Trade Retains Competitive Edge With Nuclear Utilities

Andrea Jennetta , Contributor Financial carry trade uranium deals still offer the cheapest supply source for nuclear utilities in 2019-2022. Paladin CEO Alexander Molyneux said last week that such contracts “remain the most competitive source of supply” for uranium fuel buyers, despite indications from the U.S. Federal Reserve that interest rates will rise four times this year for …

German power plant lobby sees tighter nuclear power supply by 2023

FRANKFURT (Reuters) – German power companies see a potential gap between conventional electricity supply and demand by the early 2020s, urging policymakers to help investors plan better by rewarding conventional capacity and speeding power grid expansion. “Existing overcapacity will not just disappear completely within a few years. What’s more worrying is that we will run …

Russia Puts Planned Retaliation for U.S. Sanctions on Slow Track

Russia slowed moves on a sweeping proposal for anti-American economic retaliation unveiled by lawmakers last week, even as the U.S. plans another round of sanctions over the Kremlin’s backing of the Syrian government. “We will organize meetings with the business community, with companies,” Vyacheslav Volodin, speaker of the lower house of parliament, told reporters Monday, announcing the …