Global Energy News Roundup: April 28


The Forum on Energy weekly news roundup brings together a mix of global energy stories from around the web. It is published every Thursday morning on Forum on Energy and is available on Twitter via @forumonenergy

2578068674_32bdab60baKyushu Electric Returns to Profit After Nuclear Restart
Kyushu Electric Power Co. returned to profit last fiscal year, largely attributed to the restart of its two Sendai nuclear reactors. This underscores the benefits that nuclear generation has on utilities facing challenges ranging from heightened competition to a decrease in overall energy consumption nationally. Net income was ¥73.5 billion ($678 million) this past fiscal year, skyrocketing from a net loss of ¥114 billion the previous year.
Source: Bloomberg

Tepco to Pay Evacuee Damages
The Tokyo District Court ordered Tepco to pay ¥31 million (approx. $280,000) in damages to the families of two elderly men who died after being evacuated from a hospital in the wake of the Fukushima accident. The final amount is just under half of what was demanded by the plaintiffs, as the judge determined that factors other than the nuclear accident also contributed to the deaths.
Source: The Asahi Shimbun

France to Shut Down Oldest Nuclear Plant
French President Hollande has promised to formally initiate the shutdown of the Fessenheim nuclear power plant, which has been running since 1978. This decision comes on the grounds of environmental and safety concerns, particularly given its location on the borders with Germany and Switzerland.
Source: RT

Japan to Raise Nuclear Safety Per IAEA Review
Japanese regulators said they will revise laws, double inspection staff, and send some inspectors to the US for training to address deficiencies identified by the IAEA in a report submitted to the government. This was the first IAEA review conducted since the Japanese nuclear authority was established in 2012.
Source: AP

German Utilities Quoted Price for Nuclear Shutdown
German power firms shares were up after the government-appointed commission asked the utilities to pay €23.3 billion ($26.4 billion), which was lower than many projections had anticipated. This money is mainly slated to fund storage of nuclear fuel, and the utilities have rejected the proposal on the grounds that the €17.2 billion already set aside for storage should be sufficient. The recommendations will serve as the basis for talks between the government and utilities, though it is expected the government will adopt the commission’s proposals.
Source: Reuters

Banner photo courtesy of Gretchen Mahan. Licensed under Creative Commons, some rights reserved.