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Friday, May 26th

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Tunnel collapses at Hanford Nuclear Reservation; no radiation released

Tunnel Collapse at Hanford Nuclear reservationHundreds of workers were told to take cover at the Hanford Nuclear Reservation after a tunnel full of highly contaminated materials collapsed Tuesday. But officials say no radiation was released, and no workers were hurt.

Officials say a collapsed patch of ground above the tunnel was larger than first believed. The U.S. Department of Energy said the collapse covered about 400 square feet (37.1 square meters) instead of the 16 square feet (1.4 square meters) first reported.

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Exxon Won't Get Drilling Waiver for Russia, Mnuchin Says

Exxon refused waiver for sanctionsExxon Mobil Corp. won’t be allowed to bypass U.S. sanctions against Russia to resume drilling for oil in a joint venture that seeks to tap billions of barrels of that country’s crude.

Treasury Secretary Steve Mnuchin said the decision was made after consultation with President Donald Trump, according to a statement on Friday. Exxon initially requested the drilling waiver in 2015 and pushed for approval every few months since then, according to a person with knowledge of the matter who wasn’t authorized to speak publicly.

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Oklahoma legislation would end tax credits for wind energy

Oklahoma removes tac vredits for wind energyA state tax credit that helped propel Oklahoma to third in the nation in its capacity to generate electricity from wind is expected to end soon.

Gov. Mary Fallin has indicated she will sign legislation to roll back a 10-year tax credit for electricity generated by zero-emission facilities that was launched in 2003.

Under the measure, zero-emission facilities must be operating by July 1 this year to qualify for the credit, instead of Jan. 1, 2021. It is one of several revenue proposals that Oklahoma lawmakers are considering as they struggle to close an estimated $868 million budget shortfall.

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Wholesale energy prices dip below zero because of California’s solar power

Solar power in CaliforniaSolar power shines bright in California, and wholesale energy prices prove it. Last winter and early spring’s dependence on solar drove wholesale energy prices to negative prices, according to the U.S. Energy Information Administration.

Solar power in the California Independent System Operator accounted for nearly 40% of net grid power for three hours on March 11, 2017, the administration reports —a major first.

These figures don’t translate for the consumer into retail prices, which are based on averages. But the move will likely cause energy companies to pay more attention to green energy options.

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Nuclear reactor at Indian Point plant in N.Y. shut down again after leak found

Indian Point reactor leakOne of two reactor units at a nuclear power plant near New York City has been taken offline for the second time in four months after leakage was found in a pipe that pumps water into the facility, officials said Friday.

Reactor Unit 2 at the Indian Point Energy Center in Buchanan, N.Y., was shut down Thursday after discovery of the malfunction. Officials said the leak was found in a non-radioactive part of the plant.

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Portugal runs for four days straight on renewable energy alone

Portugal runs four days on renewable energyPortugal kept its lights on with renewable energy alone for four consecutive days last week in a clean energy milestone revealed by data analysis of national energy network figures.

Electricity consumption in the Iberian country was fully covered by solar, wind and hydro power in an extraordinary 107-hour run that lasted from 6.45am on Saturday 7 May until 5.45pm the following Wednesday, the analysis says.

News of the zero emissions landmark comes just days after Germany announced that clean energy had powered almost all its electricity needs on Sunday 15 May, with power prices turning negative at several times in the day – effectively paying consumers to use it.

TVNL Comment:  Why, just why, are we always behind other countries in so many things?  Just asking...

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Big Banks Aided Firm At Center Of International Bribery Scandal

Big BanksNo business can operate without bankers — not even the bribery business.

British financial giant HSBC and American bailout kingpin Citibank processed transactions, managed money and vouched for Unaoil, a once-obscure firm that is now at the center of a massive international corruption scandal. Police raided Unaoil’s Monaco offices and interviewed its executives on Thursday, a day after The Huffington Post and Fairfax Media first exposed the company’s practices. Law enforcement agencies in at least four nations are involved in a wide-ranging probe of the company and its partners.

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