UK Going to Run Out of Juice, Are We Next?

 
rouxzy
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Post by rouxzy » Fri. Sep. 19, 2008 4:49 pm

Actually, there are quite a few applications in for more nukes, and some have already been given the okay to build. As far as how long a nuke stays on line is not really dictated on replacing pipes even though the integrity of the plant plays into being allowed to keep your license. The real stumbling block to extending the life of a nuke is storage of spent fuel. Many plants are now using dry storage facilties on site to make more room inside their plants to store fuel, therefore extending the life of the plant. When reading or hearing information about any type of power plant pay close attention as to who stated the info. Everybody has their own agenda and want public opinion to shift their way.
Tom

 
upstate
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Post by upstate » Fri. Sep. 19, 2008 11:17 pm

I hear Constellation just sold to the french for about 1/5th of its value from a year ago, on thursday.


 
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Yanche
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Post by Yanche » Sat. Sep. 20, 2008 12:24 am

The French backed out. Constellation Energy was sold to one of Waren Buffett's companies, MidAmerican Energy Holding for $4.7 Billion in cash. Selling price was $26.50 a share. The shareholders got screwed, including the Electric de France, the largest shareholder of nearly 10%. It bought 8.1 million shares on Aug. 28, paying $68.49, so it lost more than $340 million in three weeks. Constellation stock was $107 a share in January. The CEO's golden parachute is $18 million cash severance, $29.6 million enhanced pension, $48,000 health benefits. The stock dropped to a low of $13 on Tuesday, so some look at it as a good deal. The company would have likely gone bankrupt.

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