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2018-03-26 07:35:00

U.S. NUCLEAR: $1.2 BLN

U.S. NUCLEAR: $1.2 BLN

WNN - Both houses of the US Congress have approved an omnibus appropriations bill including USD1.2 billion for nuclear energy. The bill will see the suspension of sales by the Department of Energy (DOE) of surplus uranium to pay for decommissioning work at the former Portsmouth uranium enrichment plant.

Senators today approved the Consolidated Appropriations Act 2018, which appropriates some $1.3 trillion of US treasury funds and covers the period to 30 September, by 65 votes to 32. The House of Representatives yesterday approved the act by 256 votes to 167. The bill, which the White House yesterday described as "a win for the American people", can now go to President Donald Trump for signature.

The USD1.2 billion for nuclear energy approved by Congress is significantly more than the USD703 million in the president's fiscal 2018 budget request for the Department of Energy. However, requests for appropriations by both the DOE and the US Nuclear Regulatory Commission (NRC) to restart licensing activities for the Yucca Mountain nuclear waste repository and establish an interim storage programme for used nuclear fuel are not included in the final version.

The NRC receives an appropriation of USD909 million. This includes USD10 million "for activities related to the development of regulatory infrastructure for advanced nuclear technologies".

The DOE in February submitted a budget request for fiscal 2019, which begins on 1 October, totalling USD30.6 billion. This includes USD757 million for the Office of Nuclear Energy and USD120 million to restart its application process for Yucca Mountain. The NRC itself put forward a request fiscal 2019 that includes nearly $50 million for work related to the proposed repository.

Barter suspended

The budget appropriates USD840 million "for Department of Energy expenses necessary in carrying out uranium enrichment facility decontamination and decommissioning, remedial actions." This includes the clean-up of the former Portsmouth gaseous diffusion uranium plant in Piketon, Ohio, which has over recent years received funding from the sale of DOE-held inventories of uranium in a process known as "bartering". DOE had been transferring 2100 tU per year of excess uranium not needed for national security in exchange for services at Portsmouth and also for the downblending of high-enriched uranium.

US uranium producers have expressed growing concern about the effects of DOE inventory transfers on the uranium market. In March 2017, the DOE asked for public comment on the effects of transfers of its excess uranium inventory on the country's uranium mining, conversion and enrichment industries. The DOE's request was issued the day after the US Government Accountability Office raised issues related to excess uranium transfers over the previous decade.

The inclusion of funds for the Portsmouth decommissioning in the budget means the barter is now suspended until the end of the current bill, on 30 September. Ahead of the congressional votes, US Energy Secretary Rick Perry on 20 March told the Senate Natural Resources Committee that in his opinion the uranium bartering process was poorly designed. "Personally, I'd like to see it stopped completely," he said. "Our efforts should be focused on letting the uranium marketplace work as it should while continuing without disruption the important work that is taking place at the Portsmouth site," he added.

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Earlier:

 Nuclear
2018, March, 11, 11:25:00

U.S. NUCLEAR UP

WNN - Nuclear Energy Institute president and CEO Maria Korsnick said the bill's passage in the Senate was a "welcome and timely reminder" of the bipartisan support for innovative technologies in the US Congress. "Its provisions, once enacted into law, will go a long way to ensure the United States remains at the forefront of civilian nuclear capability," she said.

 

 Nuclear
2018, February, 27, 13:30:00

THE LOWEST U.S. URANIUM

EIA - U.S. uranium concentrate production totaled 2.44 million pounds in 2017, down 16% from 2016 and the lowest annual total since 2.28 million pounds of uranium concentrate was produced in 2004. Domestic concentrate production peaked at 43.7 million pounds in 1980 but has remained lower than 5 million pounds annually since 1997.

 

 Nuclear
2018, February, 14, 09:45:00

U.S. NUCLEAR WILL UP

WNN - The USA has extended production tax credits for advanced nuclear power plants under a budget bill signed into law by President Donald Trump. The nuclear production tax credit is seen as an essential component for the completion of US plants already under construction and for first-of-a-kind small modular reactor (SMR) construction.

 

 Nuclear
2018, February, 5, 07:20:00

U.S. NUCLEAR RESILENCE

DOE recently released a report that dives into the emerging technology of advanced small modular reactors (SMRs) and their ability to flexibly provide carbon-free power in response to outages caused by severe weather and physical threats to the grid.

 

 Nuclear
2018, January, 24, 11:35:00

U.S. NUCLEAR WATERSHED

WNN - US must maintain a strong domestic sector by keeping its reactors operating but must also demonstrate it can build new plants, while paving the way for advanced reactors

 

 Nuclear
2018, January, 22, 08:25:00

U.S. NUCLEAR POWER - 2017

WNA - The USA is the world's largest producer of nuclear power, accounting for more than 30% of worldwide nuclear generation of electricity. The country's 99 nuclear reactors produced 805 billion kWh in 2016, almost 20% of total electrical output.

 

Nuclear
2018, January, 22, 08:05:00

U.S. - RUSSIA'S NUCLEAR

PLATTS - "The domestic uranium mining industry needs US government assistance to survive the foreign onslaught -- particularly from Russia and Kazakhstan -- that has undermined the US uranium industry while new players -- particularly China -- will soon make the situation worse," Energy Fuels and Ur-Energy said in a petition they jointly filed with the department.

 

 

Tags: USA, NUCLEAR, POWER

Chronicle:

U.S. NUCLEAR: $1.2 BLN
2018, July, 16, 10:35:00

CHINA'S INVESTMENT FOR NIGERIA: $14+3 BLN

AN - China National Offshore Oil Corp. (CNOOC) is willing to invest $3 billion in its existing oil and gas operation in Nigeria, the Nigerian National Petroleum Corporation (NNPC) said on Sunday following a meeting with the Chinese in Abuja.

U.S. NUCLEAR: $1.2 BLN
2018, July, 16, 10:30:00

LIBYA'S OIL DOWN 160 TBD

REUTERS - Production at Libya’s giant Sharara oil field was expected to fall by at least 160,000 barrels per day (bpd) on Saturday after two staff were abducted in an attack by an unknown group, the National Oil Corporation (NOC) said.

U.S. NUCLEAR: $1.2 BLN
2018, July, 16, 10:25:00

BAHRAIN'S GDP UP 3.2%

IMF - Output grew by 3.8 percent in 2017, underpinned by a resilient non-hydrocarbon sector, with robust implementation of GCC-funded projects as well as strong activity in the financial, hospitality, and education sectors. The banking system remains stable with large capital buffers. Growth is projected to decelerate over the medium term.

U.S. NUCLEAR: $1.2 BLN
2018, July, 16, 10:20:00

NIGERIA'S GDP UP 2%

IMF - Higher oil prices and short-term portfolio inflows have provided relief from external and fiscal pressures but the recovery remains challenging. Inflation declined to its lowest level in more than two years. Real GDP expanded by 2 percent in the first quarter of 2018 compared to the first quarter of last year. However, activity in the non-oil non-agricultural sector remains weak as lower purchasing power weighs on consumer demand and as credit risk continues to limit bank lending.

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