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Gold/Mining/Energy : Mirant Corporation (MIR) -- Ignore unavailable to you. Want to Upgrade?

To: Winkman777 who wrote (349)	3/14/2002 2:02:43 PM
From: Winkman777	Respond to of 903

Nuke Knocked out for 2 years or more Nukes have been overworked and Not maintained as usual because of great demand since fall of 2000. Similiarly designed nukes could have same problem. IMO it's out for 2 years min, since I doubt if NRC will let them repair corroded head. cleveland.com dard.xsl?/base/business/10161054203072049.xml Davis-Besse plant idling may cost investors 03/14/02 John Funk Plain Dealer Reporter The Davis-Besse Nuclear Power Station near Port Clinton will be down for repairs for up to 90 days, and FirstEnergy yesterday warned investors the down time will cut into earnings. In a letter to investors, the company said repairs to the damaged reactor would cost between $5 million and $10 million. Buying power to replace the plant's 925 megawatts of generation will increase energy costs by $10 million to $15 million per month. Daniel Poole, a utility analyst with National City Private Investment Advisors, said FirstEnegy's situation reminded him of the problems American Electric Power encountered in the late 1990s with a nuclear power plant. AEP had to shut Cook Power Station on Lake Michigan for three years to make safety repairs demanded by the Nuclear Regulatory Commission, at a total cost of $770 million. "The point is that once you get into a project like this, you are dealing with an unknown," Poole said. "The situation certainly makes a lot of utility analysts worry that this is going to be the [AEP] case again, particularly since we are going into the summer, when demand will peak." The power plant's reactor head is badly corroded in one area and could have corrosion problems in two other areas. Company engineers believe the corrosion was caused by boric acid that is normally in the reactor water but breached the head's stainless-steel liner. The problems were discovered during a refueling and inspection ordered by the NRC this month. Company spokesman Todd Schneider said the main concern is how to make repairs safely. Whatever the company does must be approved by the NRC, which has specialists at the plant. The company has already ordered a new reactor head, but it will not be ready for two years. Schneider said the company is not disclosing the cost of the 150-ton head.