Policy

In its latest report on the climate, released yesterday, the United Nations’ Intergovernmental Panel on Climate Change (IPCC) declares the need for immediate and deep emissions reductions across all sectors for the world to stand a realistic chance of limiting the increase in global warming to 1.5°C (2.7°F).

The Nuclear Innovation Alliance released a report on March 25 titled “ESG Frameworks and Advanced Nuclear Energy,” discussing how environmental, social, and governance (ESG) frameworks affect advanced nuclear energy technologies. The report, as described in an NIA press release, “includes potential actions the nuclear industry and financial community should consider to promote consistent analytical treatment of nuclear energy within ESG frameworks and efficient access to capital for nuclear investments.”

Need for consistent frameworks: Judi Greenwald, the NIA executive director, explained the need for consistent ESG frameworks, noting that “[n]uclear energy technologies are particularly affected by the inconsistent treatment of some frameworks regarding the ESG attributes of energy technologies. . . . As frameworks are standardized and embedded in policy, if their flaws are not addressed, advanced nuclear energy could be left at a disadvantage in terms of access to capital.”

The White House yesterday released its $5.8 trillion fiscal year 2023 budget proposal, just two weeks after President Biden signed into law H.R. 2471, the FY 2022 omnibus bill that funds the federal government through September 30.

Having made significant investments in nuclear energy over the past year and a half (including C$27.2 million announced just last week), the Canadian government bewildered nuclear advocates earlier this month with its Green Bond Framework.

Released on March 3, the framework specifically excludes nuclear energy, along with the transportation, exploration, and production of fossil fuels, arms manufacturing, gambling, the manufacture and production of tobacco products, and the manufacture and production of alcoholic beverages.

The Canadian government has announced an investment of C$27.2 million (about $21.6 million) in Westinghouse Electric Canada to support the development of the company’s eVinci microreactor technology.

François-Philippe Champagne, Canada’s minister of Innovation, Science, and Industry, made the announcement on March 17 during a visit to the company’s Burlington, Ontario, facility.

The election last week of Yoon Suk Yeol as president of South Korea has provided a big boost for that nation’s nuclear energy-related stocks. Yoon, of the conservative People Power Party, defeated Lee Jae-myung, of the incumbent liberal Democratic Party, on a pro-nuclear platform. As reported by marketwatch.com, Yoon has promised to “reinvigorate the nuclear-energy industry by reactivating suspended atomic power plants and resuming building new ones.”

The European Union could reduce imports of Russian natural gas by more than a third within a year through a combination of measures that would support energy security and affordability and would be consistent with the European Green Deal, according to a new report from the International Energy Agency.

“Nobody is under any illusions anymore,” said IEA executive director Fatih Birol on announcing the release of the report, A 10-Point Plan to Reduce the European Union’s Reliance on Russian Natural Gas. “Russia’s use of its natural gas resources as an economic and political weapon shows Europe needs to act quickly to be ready to face considerable uncertainty over Russian gas supplies next winter. . . . Europe needs to rapidly reduce the dominant role of Russia in its energy markets and ramp up the alternatives as quickly as possible.”

After offering a small shred of hope that it might be persuaded to keep its remaining power reactors in operation a bit longer to reduce its dependence on Russia for energy, Germany has opted to continue with its nuclear phaseout. The last three operating German reactors, Neckarwestheim-2, Isar-2, and Emsland, are slated for shutdown later this year.

After months of negotiations, the House passed a fiscal year 2022 omnibus spending package late Wednesday—the same day that congressional appropriators from both chambers unveiled the long-awaited measure.

Labeled H.R. 2471, the 2,741-page, $1.5 trillion package includes all 12 of the standard annual appropriations bills, providing $730 billion for nondefense programs, a $46 billion (6.7 percent) jump from FY 2021, and $782 billion for defense programs, a $42 billion (5.6 percent) boost. (The bill also includes $13.6 billion to address the ongoing crisis in Ukraine.)

The House also approved, by voice vote, a stopgap bill to extend government funding to March 15 to give the Senate time to review the omnibus bill and send it to the president’s desk for his signature. At this writing, funding for the federal government runs out tomorrow.

In a major change to its subsequent license renewal process, the Nuclear Regulatory Commission last week ruled that reviews of SLR applications must rely on a more extensive environmental analysis than that provided by the agency’s Generic Environmental Impact Statement for License Renewal of Nuclear Plants (GEIS). According to the ruling, the GEIS, properly understood, does not cover the SLR period.

This year has been a good one so far regarding interest from state legislatures in the potential of nuclear energy. Examples reported by Nuclear Newswire include, in January, an Indiana bill to incentivize the construction of small modular reactors, and this month, West Virginia’s repeal of its ban on new nuclear plant construction and legislation in Illinois aimed at achieving the same end in that state. Slipping under our radar until now, however, is a measure in Oklahoma introduced earlier this month that would create a feasibility study to examine the possibility of nuclear power in the Sooner State.

Justice

West Virginia Gov. Jim Justice signed a bill yesterday that repeals the state’s quarter-century-old ban on nuclear power plant construction. The legislation, S.B. 4, passed the West Virginia Senate and House of Delegates last month with no substantial opposition and will go into effect in May.

S.B. 4 rescinds article 27A of the West Virginia Code, which prohibited “the construction of any nuclear power plant, nuclear factory, or nuclear electric power generating plant until such time as the proponents of any such facility can adequately demonstrate that a functional and effective national facility, which safely, successfully, and permanently disposes of radioactive wastes, has been developed.” 27A also required nuclear facility construction to be economically feasible for West Virginia ratepayers and in compliance with all applicable environmental protection laws, rules, and requirements.

Constellation, formerly Exelon Generation, owner and operator of the nation’s largest nuclear reactor fleet, announced this morning the completion of its separation from Exelon Corporation and its launch as a stand-alone, publicly traded company. Headquartered in Baltimore, Md., the new company began trading today on the Nasdaq Global Select Market under the symbol “CEG.”

Exelon announced last February that it had begun the effort to separate its utility businesses from its competitive power generation and customer-facing energy businesses.

The West Virginia Senate voted 24–7 yesterday in favor of S.B. 4, which repeals sections of the state code banning the construction of nuclear power plants in West Virginia, according to an article in the Parkersburg News and Sentinel. The bill now heads to the House, which is considering a similar measure.

For more than 50 years, the ANS Honors and Awards Program has recognized outstanding achievements and meritorious service in the various fields served by the American Nuclear Society.

The recipients of the national awards listed below will be honored on June 13 during the opening plenary session of the 2022 ANS Annual Meeting. Honorees will be notified of their selection by May.

All members are encouraged to review the nomination requirements for these awards and consider nominating a qualified colleague. Many ANS awards are open to non-ANS members, and nominating colleagues who are not members is one way to foster new ANS relationships.

A group of West Virginia state senators—four Republicans and four Democrats—is attempting to overturn the state’s effective ban on nuclear power plant construction.

On Wednesday, their bill, S.B. 4, was approved by the Senate Economic Development Committee. The lead sponsor for the legislation is Sen. Tom Takubo (R., Dist. 17).

Huff

Washington, D.C.— Today, President Joe Biden nominated Kathryn Huff as the Assistant Secretary of Energy at the U.S. Department of Energy's Office of Nuclear Energy. The following statement can be attributed to the American Nuclear Society:

Sen. Joe Manchin (D., W.Va.) has been in the news over the past week—and that’s good news for the nuclear community. Last week, The Hill reported on Manchin’s support for climate action, and according to Bloomberg News this week, Manchin is “big on nuclear” and supports the tax credits for nuclear power plants included in the administration’s Build Back Better plan.

Entergy Corporation has announced senior leadership moves that it said support the fleet's succession plans and reinforce its bench strength for its nuclear operations, based in Jackson, Miss.

Exelon Generation—owner and operator of the nation’s largest power reactor fleet—held an online event yesterday outlining the company’s business strategy as it prepares to separate from Exelon Corporation under the name Constellation. The separation is expected to become final on February 1.