Dozens of US nuclear power plants at risk due to climate change: Moody’s. Dozens of US nuclear power plants, comprising nearly half the country’s operational nuclear generating capacity, “will face growing credit risks” in the next 10 to 20 years due to flooding, hurricanes, heat stress and other predicted impacts of climate change, Moody’s Investors Service said in a report Aug. 18.
S&P Global 18t Aug 2020 read more »
South Carolina’s state-owned utility has reached a settlement with the now bankrupt company hired to build two nuclear plants that were never completed to sell leftover equipment and supplies, three years after construction was halted. The agreement between Santee Cooper and Westinghouse Electric Co. will have the companies evenly split the money made off selling major nuclear equipment that hasn’t been installed, according to the settlement announced Monday. Santee Cooper will get 90% of the proceeds of all equipment that has been installed, and two-thirds of the profits from selling other equipment specific to nuclear projects, the agreement said. Santee Cooper keeps all the remaining equipment, while the deal says Westinghouse will market and sell the equipment for up to five years.
Daily Mail 31st Aug 2020 read more »