Toshiba Signs Deal for Nuclear Power in U.S.

 

Toshiba Corporation announced yesterday that it has signed a deal to provide two nuclear power reactors to the United States. The reactors, slated for installation in South Carolina, will be built by Toshiba’s subsidiary Westinghouse, which Toshiba purchased two years ago for $5.4 billion dollars. It’s the second such deal for Toshiba in recent weeks – last month the company signed a similar deal to provide two of its AP1000 reactors to a site in Waynesboro, Georgia. The US Nuclear Regulatory Commission approved the design of the AP1000 reactor in 2004. Both projects are seeking site approval from the NRC. Last year, the NRC granted its first site approval for a nuclear power plant in thirty years, clearing Exelon Generation to build a plant in Central Illinois.

Propane Now 50 Percent More Expensive Than Last Year

 

Facility managers for rural schools and other public buildings in rural communities are preparing to take bids for the propane they will need next heating season, and there could be some surprises: propane prices on wholesale markets are about 50 percent higher than they were one year ago. Propane is a byproduct of petroleum refining, so the difficulties with increasing the petroleum supply are also limiting propane production. This ensures that price volatility for the fuel will continue, and that alternatives such as local biomass heating will become increasingly competitive.

Local Energy News Video: Week 2

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Crude Oil Up $9 Since Sunday

 

Crude Oil prices in the U.S. have risen $9 dollars per barrel since Sunday, closing today at $134.45 on the New York Mercantile Exchange. This week's increase results in an additional loss of $90 million dollars per day from the U.S. economy – more than 25 times the amount the Department of Energy currently spends on energy efficiency and renewable energy.