Global Energy News Roundup: August 3

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

Japan’s AEC Aims to Reduce Plutonium Stockpile

Japan’s government commission on nuclear energy announced in a statement earlier this week that Japan will work on reducing the country’s stockpile of plutonium. Japan currently has about 47.1 tons of excess plutonium stored at home and abroad. The country’s Atomic Energy Commission revised its guidelines on plutonium use for the first time in 15 years, and recommended that the stockpile be reduced. According to the article “Commission chief Yoshiaki Oka said Japan must avoid being seen as stockpiling plutonium, amid global efforts toward nuclear nonproliferation. He stressed the need to specify how plutonium is used.”

Source: NHK World Japan


Westinghouse Emerges From Chapter 11 Bankruptcy

In March 2017, Westinghouse filed for Chapter 11 bankruptcy protection with US courts so that the company could undergo strategic restructuring. The filing affected only the company’s US operations, including projects to construct four AP1000 reactors at the Vogtle site in Georgia, and VC Summer in South Carolina.  In January 2018, Toshiba announced that it had sold all of its Westinghouse-related asset shares to Brookfield Business Partners for about $4.6 billion. In April, Toshiba completed the sale of its US Toshiba Nuclear Energy Holdings Inc. to Brookfield and this week, Toshiba announced that it had completed the sale of its shareholding in Toshiba Nuclear Energy Holdings (UK) Limited. With this most recent sale, Westinghouse has now emerged from Chapter 11 bankruptcy. In a statement, Westinghouse President and CEO said that “the close of this transaction marks an exciting milestone for Westinghouse as we have successfully emerged from Chapter 11, and continue to navigate a significant transformation that positions us for long-term sustainable success…With the support of Brookfield, Westinghouse will continue to build on its legacy of leading the nuclear industry. Our focus is on strengthening the business, capitalizing on our global footprint and excelling in client service and innovation.”

Source: World Nuclear News


US Energy Secretary Tours New York Nuclear Power Plant

US Secretary of Energy Rick Perry toured one of central New York’s Oswego’s nuclear plants this week. He was joined by Congressman John Katko at the James Fitzpatrick Nuclear Power Plant. Secretary Perry was touting the importance of nuclear energy for the reliance of the US electrical grid and stated that “I can tell you what the value to this country is from the standpoint of knowing that’s it’s got a reliable electrical grid that’s protected against attacks and it’s diverse enough to withstand an attack over here because we can fill in with this nuclear plant.” The Fitzpatrick Nuclear Power Plant was set to close before Exelon Generation stepped in and provided the funding necessary to keep the plant open until 2034. Secretary Perry also said that he would like to see the fight to keep nuclear power plants open occur across the country.

Source: Spectrum News