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FEATURED UNLOCKED ARTICLE OF THE WEEK
Ex-Holtec CFO returns volley in lawsuit over allegedly dodgy investor pitch to Hyundai
In a court filing this week, Holtec International’s ex-finance chief said he neither disclosed corporate secrets nor violated a nondisclosure agreement by publicly suing his former employer. Kevin O’Rourke sued Holtec, Jupiter, Fla., June 1 in the Superior Court of New Jersey in Camden County, alleging the company overvalued itself in an effort to get an investment from Hyundai Engineering and Construction Co. of Seoul, South Korea. The suit dropped about a month after Holtec, which in its reply to the suit painted O’Rourke as an “erratic and hostile” employee who sometimes refused to do his job, announced that it had signed “portentous agreements” for Hyundai to financially back the company’s planned fleet…
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Weapons Complex Morning Briefing
“Long-desired” progress toward moving stranded Los Alamos waste out of commercial facility
ARLINGTON, VA. — This winter the Department of Energy and Waste Control Specialists should start moving remaining containers of transuranic waste, stuck at the company’s Texas facility for nine years, to a new above-ground storage facility to prep the material…
Weapons Complex Monitor
Cleanup boss White ponders telework but not retirement
ARLINGTON, VA. — While many senior people are contemplating retirement at the Department of Energy’s $8-billion Office of Environmental Management, William “Ike” White apparently is not among them. “No. I do not have a retirement date circled on my calendar…
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RadWaste Monitor
Holtec announces power purchase agreement for Palisades; plant still needs DOE loan
Two electric cooperatives would purchase electricity generated by the Palisades Nuclear Generating Station in Michigan if the plant restarts, plant owner Holtec International said this week in a statement. If Palisades restarts, something Holtec has said could happen in August…
Nuclear Security & Deterrence Monitor
Safe waste disposal vital to future pit production, NNSA exec says
ARLINGTON, VA —Planned plutonium pit production for nuclear defense purposes at two Department of Energy sites depends on the ability to dispose of resulting transuranic waste, a National Nuclear Security Administration executive said here Wednesday. “A single bad waste drum…
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