Publications: Nuclear Energy & Radwaste Monitor

Earnings rose at BWX Technologies, Lynchburg, Va., in the fourth quarter, and 2024 as a whole, which the company chalked up partly to Department of Energy contracts and rising interest in commercial nuclear power. Net earnings for the fourth quarter ended Dec. 31 were $71.1 million, or $ 0.77 a share up from $ 66.3 […]

Duke Energy management has doubled down on plans to invest in small modular reactors, and intends to submit an early permit application this year to use one of its North Carolina sites for the nuclear technology.  Duke’s pursuit of small modular reactors (SMRs) includes seeking Department of Energy backing to help defray some of the […]

Holtec and Hyundai Engineering & Construction Tuesday announced another step in their plans to develop new small modular reactors at the currently-closed Palisade nuclear plant site in Covert, Mich. Holtec and the South Korea-based construction company said in a Tuesday press release they are making headway in their effort to develop small modular reactors (SMRs) […]

The stakes will be high when the U.S. Supreme Court hears arguments soon on whether the Nuclear Regulatory Commission (NRC) has authority to license private fuel storage facilities proposed in Texas and New Mexico, according to an analysis by the Bulletin of the Atomic Scientists. “A ruling favoring the NRC would help the nuclear waste […]

Earnings rose at Fluor, Irving, Texas, in the fourth quarter as well as for the full year ended Dec. 31, 2024, which the company attributed Tuesday to projects ranging from data centers to Department of Energy nuclear cleanup. The numbers were also affected by the “equity method” of accounting for Fluor’s investment and “de-consolidation” from […]

Earnings rose at Parsons, Chantilly, Va., in the fourth quarter and the full year of 2024, the company reported early Wednesday. Net earnings for the fourth quarter ended Dec. 31 were $54 million or $ $0.49 a share, up from $49 million, or $ $0.39a share, in the year-ago quarter. Quarterly revenue was $1.7 billion […]

The Energy Communities Alliance Wednesday urged the Senate Energy and Natural Resources Committee to advance the nomination of longtime Department of Energy hand Theodore (Ted) Garrish to lead the agency’s Office of Nuclear Energy. “ECA has worked with Mr. Garrish for over 30 years,” said the Energy Communities Alliance (ECA), which represents local governments where […]

Texas-based Fluor announced early Tuesday it is promoting chief operating officer Jim Breuer to chief executive officer while the current CEO and board chair David Constable will become executive chair effective May 1. Fluor, a publicly-traded company, which has a large footprint in nuclear power as well as government contracts with the Department of Energy […]

Jeffrey Baran, a former member of the Nuclear Regulatory Commission who more recently worked at the Department of Energy, has taken a deferred resignation offer from the Office of Personnel Management and is leaving the federal government. Baran joined DOE last September as deputy assistant secretary for waste and materials management at the Office of […]

Ohio-based American Electric Power (AEP) is seeking Department of Energy financial support to explore small modular reactor (SMR) projects in Indiana and Virginia. AEP hopes to secure DOE grant money for early site permits through the Nuclear Regulatory Commission (NRC) in Spencer County, Ind., as well as Campbell County, Va., the company said in a […]

Various citizen groups and some local landowners this week urged a Nuclear Regulatory Commission (NRC) panel to reject a request from Holtec to revive the Palisades nuclear plant in Michigan. “Holtec’s proposal to resurrect Palisades on the basis of incomplete and outdated documentation—along with an unsupported request for exemptions—does not satisfy the standards,” according to […]

The U.S. government is appealing a Court of Federal Claims ruling that it should pay a combined $145 million to the operators of a trio of retired nuclear power plants in New England for the Department of Energy’s failure to remove spent fuel from the reactors. Lawyers with the U.S. attorney general’s office filed a […]

Tennessee Gov. Bill Lee (R) proposed plans this week for his state to spend $50 million to support the Tennessee Valley Authority (TVA) Clinch River small modular reactor project Lee’s proposal during Monday’s State of the State address comes about a month after a TVA-led coalition submitted an $800 million grant proposal to the Department […]

On the same day a federal district judge in Massachusetts lifted his earlier restraining  order against the Donald Trump administration’s deferred retirement program for government workers, the Office of Personnel Management closed out the program. “The Deferred Resignation Program is now closed,” according to a notice Wednesday on the Office of Personnel Management (OPM) website. […]

Revenue rose at Centrus, Bethesda, Md., in the fourth quarter, which the uranium broker and enrichment technology developer attributed to the low-enriched uranium segment and higher uranium prices, even though net income was down. For the full year, Centrus experienced a rise in revenue at $442 million compared to $320.2 million in the prior year, […]

The day after being sworn in as secretary of energy, self-described nerd Chris Wright said updating the U.S. nuclear arsenal, increasing civilian nuclear power and cleaning up Manhattan Project sites are among his priorities at the Department of Energy. It is vital to “modernize America’s nuclear stockpile,” Wright told DOE staffers during a Wednesday introductory […]

President Donald Trump has nominated a veteran federal executive Theodore (Ted) Garrish to be the Department of Energy’s assistant secretary for nuclear energy. Garrish has been assistant secretary for nuclear power previously, and has generally been a fixture around DOE and the nuclear energy circuit for more than three decades, according to his bio. His […]

Centrus Energy signed a long-term agreement to supply Korea’s nuclear reactor fleet with low-enriched uranium from the American Centrifuge Plant in Piketon, Ohio, the company announced Wednesday. Amir Vexler, president and CEO of Centrus, met with Whang Jooho, president and CEO of Korea Hydro & Nuclear Power, to sign the contract, according to a LinkedIn […]

The Nuclear Regulatory Commission (NRC) has found no big environmental harm should result from Holtec International’s proposed restart of the 800-megawatt Palisades nuclear power plant in Covert, Mich. Between now and March 3, the NRC is taking public comment on its draft environmental assessment and finding of no significant impact, according to a Federal Register […]

Alex Fitzsimmons, who previously held executive jobs at the Department of Energy and the private sector has been appointed DOE chief of staff under Secretary of Energy Chris Wright. Fitzsimmons announced his chief of staff job last week on his LinkedIn page and introduced Wright Wednesday morning when the energy secretary gave his first address […]

Texas A&M University announced Tuesday it would offer land to four advanced nuclear reactor companies to build small modular reactors. According to a press release by the university, reactor manufacturers have been looking for a piece of land large enough to build clusters of reactors to generate a power supply “needed for artificial intelligence endeavors, […]

The Senate voted 59-to-38 Monday evening to confirm Chris Wright as the 17th secretary of energy. Wright is CEO and founder of Liberty Energy, a publicly-traded company that provides services and technology to the oil and natural gas industry. Wright’s confirmation was expected given he was not considered one of the more controversial picks so […]

A Nuclear Regulatory Commission (NRC) panel will hear oral arguments Feb. 12 on the potential restart of the  Holtec Palisades nuclear power plant in Michigan. The Atomic Safety and Licensing Board Panel proceedings in Rockville, Md., will be open to the public. Information on how to listen to the oral arguments can be found here. […]

The Donald Trump administration is replacing most members of the Nuclear Waste Technical Review Board, sources told Exchange Monitor late last week. Two sources within the Department of Energy weapons complex told the Monitor the White House asked for the resignation of nearly all members of the 11-member board charged with independent scientific peer reviews […]

Florida-based NextEra Energy said during its fourth quarter earnings report Friday it is shooting for a 2028 restart of its Duane Arnold nuclear power plant in Iowa. “Recently, the company filed notice with the Nuclear Regulatory Commission to request a licensing change—an important first step in establishing the regulatory pathway to restore the facility’s operating […]

The federal government, Texas and landowners are among those filing briefs in a Supreme Court battle on if the Nuclear Regulatory Commission exceeded its authority when it licensed a private company to store 5,000 metric tons of spent nuclear fuel in the Permian Basin. On March 5, the U.S. Supreme Court will hear oral arguments […]