Exelon Generation and ODEC Sign 10-Year Energy Supply Contract

Exelon Generation announced that the Old Dominion Electric Cooperative (ODEC) awarded it a ten-year contract commencing on June 1, 2010 to provide 200 MWs of baseload generation capacity and energy. ODEC awarded Exelon the deal as a result of a competitive bidding process it initiated in June 2009. The long-term contract with ODEC fits squarely within... 

Exelon Generation Formally Integrates AmerGen Assets Into Exelon Nuclear

Exelon Generation officially integrated the nuclear generation assets held by its AmerGen Energy Company LLC subsidiary into Exelon Nuclear and dissolved the AmerGen legal entity. The Nuclear Regulatory Commission approved the formal transfer of the operating licenses for these facilities to Exelon Generation on Dec. 23, 2008, which was a key step in... 

Accelerated Decommissioning Projects Delayed by Nation’s Financial Crisis

The financial crisis that is impacting the United States and world markets will delay EnergySolutions’ ability to accelerate the decommissioning of identified nuclear power plant assets, a key growth initiative of the company. The company is now estimating net income in the range of $0.50 to $0.60 per share, based on 88.3 million fully diluted... 

Thorium Power Taps Nuclear Industry Veterans for Senior Management Team

Thorium Power, Ltd., the leading developer of non-proliferative nuclear fuel technology and a key provider of comprehensive advisory services, today announced the appointment of two new members to its senior management team. Kevin Yessian will serve as Thorium Power’s Vice President for Consulting Services while Linda Byus will be an Advisor on...