NRC issues licenses for nuclear plants; Uranium spot price up
Rob Chang, MBA
NRC ISSUES NEW LICENSES FOR REACTORS IN SOUTH CAROLINA:
The U.S. Nuclear Regulatory Commission (“NRC”) has issued a combined construction and operating licenses to South Carolina Electric & Gas and Santee Cooper to build two nuclear reactors at the V.C. Summer nuclear power plant located in South Carolina. This marks the second construction permit issued by the NRC in over 30 years as the regulator approved the construction of reactors at the Vogtle plant in Georgia on February 9, 2012. The first reactor is scheduled to come online in 2017 and the second is expected the following year.
URANIUM SPOT SHOWS SIGNS OF LIFE – FIRST INCREASE SINCE MID-JANUARY:
The spot uranium price increased for the first time since the week of January 16, 2012 as it gained US
.25/lb, or 0.5%, to $51.25/lb of U3O8. After beginning the year on an uptick to US$52.00/lb and going up to US$52.50/lb in mid-January, the price has drifted lower despite a resurgence among uranium equities earlier in the year.