Illinois Gov. Bruce Rauner visited Exelon's Clinton nuclear power plant to note the first anniversary of the Future Energy Jobs Act, under which Exelon received $235 million in support to continue operating the Clinton and Quad Cities nuclear power plants. "This is one of the great economic engines for the entire state of Illinois," Rauner said.
Toshiba has paid the full amount of its guarantee obligation to the owners of the Plant Vogtle nuclear power plant expansion project in Georgia, headed by Georgia Power. The payment of $3.225 billion includes $1.47 billion for Georgia Power.
Entergy next week makes its final payment into the site-restoration fund for its retired Vermont Yankee nuclear power plant, pushing the fund past $30 million. The money will cover the costs of nonradiological cleanup.
Regulators in Wisconsin approved Xcel Energy's request to increase its electricity and natural gas revenue. The additional revenue would be dedicated, in part, to the cost of upgrades to its Prairie Island nuclear power plant.
Short-termism is often the result of corporations cutting research and development and distributing it from the center to business units, which have less financial incentive to invest beyond the near-term, writes Anne Marie Knott. "When R&D is directed by divisions, the company fails to invest in the early stage technologies that open up new opportunity," she argues.
Lisa Conway, owner of Pioneer Warehouse & Distribution, believes transparency, humility and compassion have helped her take over from her father at a young age. "[T]here are always going to be struggles, there are going to be pitfalls, but pick yourself up and keep going," she says.
South Korea's energy ministry said the country will decrease its dependence on nuclear energy and coal over the next 15 years, although the two sources will still provide 60% of electricity in 2030. South Korea also plans to build two nuclear reactors by 2022.