Power generation giant, NRG Inc has just confirmed they received a tempting proposal from the largest nuclear energy company in the US, Exelon Corporation. Exelon have offered $6.2 billion to acquire all NRG Energy’s outstanding shares following the dismal performance of stock process recently. New Jersey-based NRG has lost half of its market value in two months.
Continue reading...Monday, March 10, 2008
You know you have a problem when you have to start selling off your nuclear assets to pay the cleanup costs for your nuclear assets, all while acquiring new nuclear assets. Sellafield Reprocessing plant and Calder Hall power station. Photo via Visit Cumbria It may seem odd, but that’s [...]
Continue reading...Thursday, January 10, 2008
UK Business Secretary John Hutton has announced plans for a new generation of nuclear power stations to be built across Britain. He made his announcement to British MPs yesterday, ending the speculation over the Labour government’s new energy
Continue reading...Tuesday, November 27, 2007
Gordon Brown will back new nuclear power stations despite opposition from some activist groups. The prime minister’s speech at the national conference of the CBI emphasized his belief that
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Monday, October 20, 2008
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