Publications: ExchangeMonitor Morning Briefing

BWX Technologies is scheduled to report its third-quarter earnings before the market opens Tuesday, with the quarterly conference call with Wall Street analysts scheduled for 8:30 a.m. Last time out, the Lynchburg, Va.-based government contractor posted $471 million in revenue for the second quarter, which was 7.4% above than the $439 million for the same […]

Former Consolidated Nuclear Security manager Linda Bauer will as of Friday be the new deputy director of the U.S. Department of Energy’s Lawrence Livermore National Laboratory in California. Among her responsibilities, Bauer will backstop lab Director William Goldstein, acting as the director of the $2-billion-a-year nuclear weapons laboratory in his absence, if necessary. Bauer will […]

US Ecology collected over $13 million in insurance recoveries in the first nine months of the year due to the fatal November 2018 explosion at its Grand View, Idaho, waste treatment and disposal facility. That included $9.7 million in property insurance recoveries and $4.1 million in business interruption insurance, the Boise-based environmental services company said […]

A panel of the Wyoming Legislature is recommending that lawmakers consider new legislation that would advance tentative plans for a spent nuclear fuel storage facility in the state. The recommendations are included in a report submitted for next week’s meeting of the Legislature’s Joint Minerals, Business, and Economic Development Committee. Specifically, according to the committee’s […]

Engineering, construction, and procurement giant Fluor continues to experience rough waters a month after announcing plans to sell its government services branch, which includes its U.S. Department of Energy contracts. For its third quarter ended Sept. 30, Fluor reported a net loss from continuing operations of $782 million, or $5.57 per diluted share, compared to […]

Two regulatory agencies in California stress the U.S. Department of Energy must receive state approval before it can legally tear down 18 buildings within Area IV of the Santa Susana Field Laboratory cleanup site in Ventura County. The Energy Department last month issued a record of decision formalizing its intention to demolish the remaining structures […]

A backup defense authorization bill unveiled this week by Senate Armed Services Committee Chairman James Inhofe (R-Okla.) would authorize 2020 Department of Energy defense-nuclear spending and explicitly authorize starts for several new programs. Inhofe lifted the lid on the so-called “skinny” fiscal 2020 National Defense Authorization Act (NDAA) late Tuesday. The measure drops many of […]

The U.S. Defense Nuclear Facilities Safety Board (DNFSB) wants information from the Energy Department by mid-November on potentially flammable radioactive waste storage drums at sites other than the Idaho National Laboratory. To date, DOE has only partly provided the federal nuclear health-and-safety watchdog with requested information regarding its review of an April 2018 incident in […]

The Massachusetts Attorney General’s Office has asked a federal appeals court to order a stay on the already-completed transfer of the U.S. Nuclear Regulatory Commission licenses for the retired Pilgrim Nuclear Power Station. Monday’s action, plus two related measures by the federal regulator, should be frozen while the U.S. Court of Appeals for the District […]

Leidos on Tuesday reported strong increases in its top and bottom lines in the third quarter, driven by growth across its operating segments and receipt of a payment going back to the 2004 Olympics in Greece. The company also reported record bookings and backlog, tallying $5.2 billion in orders that were nearly double sales that drove […]

Edison International on Tuesday reported lower third-quarter 2019 income for itself and subsidiary Southern California Edison, taking hits from increased costs for fighting wildfires linked to its power lines. Company-wide net income came in at $471 million, $1.36 per share, dropping from $513 million, $1.57 per share, in the same quarter of 2018. However, adjusted […]

The U.S. Government Accountability Office said Tuesday the Department of Energy should provide better documentation of how it manages the payments in lieu of taxes (PILT) program for communities around nuclear facilities. The Energy Department handed out $23 million in PILT revenue to communities near a dozen nuclear laboratory and cleanup sites in fiscal 2017. […]

The top foreign affairs Democrats in Congress asked the State Department for a briefing from the State Department about efforts to extend — or not extend — the New START arms control treaty that limits U.S. and Russian nuclear weapons. House Foreign Affairs Chair Rep. Eliot Engel (D-N.Y.) and Senate Foreign Relations Committee Ranking Member […]

A federal judge did not recognize the Department of Energy’s legal obligation to pay millions of dollars in plutonium-related fines to South Carolina, or properly vet the state’s claim that the agency has the money to pay up, according to newly filed court papers. In appealing the ruling of the 2016 lawsuit in the Court […]

Prospects for a permanent 2020 Department of Energy budget dimmed a little on Tuesday in the face of the continued political battle over President Donald Trump’s proposed southern border wall. Senate Minority Leader Chuck Schumer (D-N.Y.) said Democrats would block a package of appropriations bills that includes the budgets for DOE and the Pentagon because it […]

U.S. Rep. Katie Hill (D-Calif.), who represents the congressional district that includes the Santa Susana Field Laboratory cleanup site, resigned from Congress Sunday days after the House Ethics Committee launched an investigation into whether she violated congressional rules. The panel announced plans Oct. 23 to investigate allegations that Hill engaged in a sexual relationship with […]

The International Atomic Energy Agency (IAEA) on Tuesday effectively selected an Argentine diplomat as its new director general. Rafael Mariano Grossi received a majority vote in closed balloting by the Board of Governors for the U.N. nuclear watchdog – 24 of 35 members, according to an IAEA press release. Grossi would receive formal appointment from […]

The planned release of a draft record of decision (ROD) for a new 2.2-million-cubic yard landfill for the Oak Ridge Site in Tennessee has been delayed again, with the new target release date set for Dec. 19, a U.S. Energy Department spokesperson said Monday by email. The document had most recently been scheduled to drop […]

WASHINGTON — The U.S. Department of Energy is still pursuing a potentially illegal policy of curtailing Defense Nuclear Facilities Safety Board (DNFSB) oversight of certain nuclear-weapon sites, a board member said during a meeting Monday. The Defense Nuclear Facilities Safety Board held the meeting to quiz DOE and National Nuclear Security Administration (NNSA) officials about […]

U.S. Rep. Greg Walden (R-Ore.), a longtime supporter of cleaning up the U.S. Energy Department’s Hanford Site in Washington state, said Monday he would not run for re-election in 2020. “So, I will not seek re-election to the U.S. House of Representatives, nor election to any other office, but instead I will close the public […]

Less than a month after being awarded $1.5 million from a federal jury for discrimination during a rehiring process, a former employee of the Savannah River Site’s liquid waste contractor is seeking an additional $1 million in compensation. That amount represents the pay she would have received from the time she was terminated in 2013 […]

A top U.S. Navy official said the service is unlikely to reach above 310 ships at current funding levels, let alone the congressionally-mandated goal of 355 ships. “Will we get to 355 ships? I think with today’s fiscal situation and where the Navy’s topline is right now – we can keep around 305 to 310 […]

The Sierra Club is seeking permission to file a late argument against licensing by the U.S. Nuclear Regulatory Commission of a temporary spent nuclear fuel storage facility in New Mexico. The environmental organization said its Oct. 23 motion is based on previously unavailable information contained in a new report from the federal Nuclear Waste Technical […]

Texas-based Fluor will discuss its quarterly financial performance Thursday for the first time since announcing its plans last month to divest its government contracting business. It’s also the engineering and construction company’s first quarterly review since another Energy Department contractor, AECOM, said earlier this month it has agreed to sell its government contracting branch to […]

Bruce Stanski, the Fluor finance chief who stepped down in June as the company prepared to shed its government services business, is still consulting with the foundering construction giant as it seeks to right the ship, according to a regulatory filing. Stanski left the company in June but late last week signed an agreement to […]

Raytheon on Thursday reported strong third quarter financial results driven by higher sales across its defense segments and improved operating performance and the company increased its outlook for the top and bottom lines this year. Net income soared 34% to $860 million, $3.08 earnings per share (EPS), from $644 million ($2.25 EPS) a year ago, topping […]