Comment: So Nuke power is safe and cheap according to the nuke bunch....don't think so, talking about earthquakes, Virginia has been having a series of small earthquakes for the last six months.......pretty near VA nuke plants plus Coles Hill, proposed uranium mining and milling sits on an fault!!
By Megumi Yamanaka
Aug. 14 (Bloomberg) -- Chubu Electric Power Co. may burn more fossil fuels to keep lights on and machinery running in Nagoya, Japan’s third-largest metropolitan area, as the utility finds more earthquake damage to its Hamaoka nuclear plant.
Both functioning reactors at Hamaoka shut down after a 6.5- magnitude quake on Aug. 11 and as of today Chubu found 39 problems, including neutron monitor and auxiliary transformer malfunctions. There’s no estimate when the reactors will resume operation, spokesman Toshimitsu Shibata said by phone.
A monthlong closure at Hamaoka, which generated 16 percent of the Nagoya-based utility’s electric power last year, would increase costs by about 10 billion yen ($105 million), according Reiji Ogino, an analyst at Mitsubishi UFJ Securities Co. For a company with annual sales of more than 2 trillion yen, there wouldn’t be any serious affect on Chubu’s share price, he said.
“I’d be concerned if the plant was shut down for several months,” Ogino said by phone today. “The impact will be limited if they get Hamaoka running again within a month.”
Chubu Electric shares declined for a fifth consecutive day today, falling 0.2 percent to 2,200 yen at the close of Tokyo trading. The stock has declined 20 percent this year.
Hamaoka’s two working reactors shut down automatically when the quake struck. The 3,504-megawatt plant’s third reactor was already down for scheduled maintenance inspection. The utility may have to increase power generation from oil and gas-fired plants and buy electricity from rival producers to maintain supplies to homes and factories in central Japan.
Kashiwazaki Kariwa
Analysts say Hamaoka won’t be closed as long Tokyo Electric Power Co.’s Kashiwazaki Kariwa facility, the world’s biggest nuclear power plant, which restarted one reactor in May, almost two years after being closed from quake damage in July 2007.
This week’s temblor hit the Hamaoka plant with less force than the maximum it’s designed to withstand, according to both Chubu Electric and Japan’s Nuclear and Industrial Safety Agency. Tokyo Electric’s plant was shaken beyond its design parameters.
“Chubu Electric’s case is different from Kashiwazaki Kariwa case,” Tatsuya Tsunoda, a senior analyst at Mizuho Securities Co., said by phone today. He estimates Chubu will lose about 500 million yen per day while all three Hamaoka reactors are down.
Chubu Electric in July left unchanged its April forecast of 10.5 billion yen full-year profit, reversing the 19 billion yen loss a year ago when the utility took a charge for scrapping two aging reactors at the Hamaoka plant.
To contact the reporter on this story: Megumi Yamanaka in Tokyo at myamanaka@bloomberg.net.
Last Updated: August 14, 2009 04:07 EDT
http://www.bloomberg.com/apps/news?pid=20601101&sid=ac.aWFYocwPk
Chubu Estimates Nuclear-Plant Shutdown Costs $4.2 Million a Day
By Michio Nakayama
Aug. 18 (Bloomberg) -- Chubu Electric Power Co., which halted its two functioning nuclear reactors after an earthquake shook Japan last week, said the closure is costing the company 400 million yen ($4.2 million) a day.
Chubu said yesterday the Hamaoka plant, which powers Nagoya, Japan’s third-biggest metropolitan area, will take at least three to four weeks to restart. The company will incur additional costs as it increases oil- and gas-fired generation to make up for lost output, Emi Kawashita, a spokeswoman, said by phone from Nagoya today.
The 1,137-megawatt No. 4 reactor and the 1,267-megawatt No. 5 unit shut automatically after a 6.5-magnitude temblor struck central Japan Aug. 11. A third reactor, the 1,100-megawatt No. 3, was shut at the time for regular maintenance.
Chubu has revived two mothballed generators, the Taketoyo No. 2 fuel-oil-fired plant and the Chita No. 2 gas-fired unit, to make up for the lost nuclear output. It may also buy power from other utilities to meet peak summer demand, the company said last week.
Chubu shares rose 0.7 percent to 2,180 yen in Tokyo trading today, beating the 0.3 percent gain in the 17-member Topix Power & Gas Index.
To contact the reporter on this story: Michio Nakayama in Tokyo at mnakayama4@bloomberg.net.
Last Updated: August 18, 2009 02:33 EDT
http://www.bloomberg.com/apps/news?pid=20601072&sid=aj3cPa9Mps0Y
By Megumi Yamanaka
Aug. 14 (Bloomberg) -- Chubu Electric Power Co. may burn more fossil fuels to keep lights on and machinery running in Nagoya, Japan’s third-largest metropolitan area, as the utility finds more earthquake damage to its Hamaoka nuclear plant.
Both functioning reactors at Hamaoka shut down after a 6.5- magnitude quake on Aug. 11 and as of today Chubu found 39 problems, including neutron monitor and auxiliary transformer malfunctions. There’s no estimate when the reactors will resume operation, spokesman Toshimitsu Shibata said by phone.
A monthlong closure at Hamaoka, which generated 16 percent of the Nagoya-based utility’s electric power last year, would increase costs by about 10 billion yen ($105 million), according Reiji Ogino, an analyst at Mitsubishi UFJ Securities Co. For a company with annual sales of more than 2 trillion yen, there wouldn’t be any serious affect on Chubu’s share price, he said.
“I’d be concerned if the plant was shut down for several months,” Ogino said by phone today. “The impact will be limited if they get Hamaoka running again within a month.”
Chubu Electric shares declined for a fifth consecutive day today, falling 0.2 percent to 2,200 yen at the close of Tokyo trading. The stock has declined 20 percent this year.
Hamaoka’s two working reactors shut down automatically when the quake struck. The 3,504-megawatt plant’s third reactor was already down for scheduled maintenance inspection. The utility may have to increase power generation from oil and gas-fired plants and buy electricity from rival producers to maintain supplies to homes and factories in central Japan.
Kashiwazaki Kariwa
Analysts say Hamaoka won’t be closed as long Tokyo Electric Power Co.’s Kashiwazaki Kariwa facility, the world’s biggest nuclear power plant, which restarted one reactor in May, almost two years after being closed from quake damage in July 2007.
This week’s temblor hit the Hamaoka plant with less force than the maximum it’s designed to withstand, according to both Chubu Electric and Japan’s Nuclear and Industrial Safety Agency. Tokyo Electric’s plant was shaken beyond its design parameters.
“Chubu Electric’s case is different from Kashiwazaki Kariwa case,” Tatsuya Tsunoda, a senior analyst at Mizuho Securities Co., said by phone today. He estimates Chubu will lose about 500 million yen per day while all three Hamaoka reactors are down.
Chubu Electric in July left unchanged its April forecast of 10.5 billion yen full-year profit, reversing the 19 billion yen loss a year ago when the utility took a charge for scrapping two aging reactors at the Hamaoka plant.
To contact the reporter on this story: Megumi Yamanaka in Tokyo at myamanaka@bloomberg.net.
Last Updated: August 14, 2009 04:07 EDT
http://www.bloomberg.com/apps/news?pid=20601101&sid=ac.aWFYocwPk
Chubu Estimates Nuclear-Plant Shutdown Costs $4.2 Million a Day
By Michio Nakayama
Aug. 18 (Bloomberg) -- Chubu Electric Power Co., which halted its two functioning nuclear reactors after an earthquake shook Japan last week, said the closure is costing the company 400 million yen ($4.2 million) a day.
Chubu said yesterday the Hamaoka plant, which powers Nagoya, Japan’s third-biggest metropolitan area, will take at least three to four weeks to restart. The company will incur additional costs as it increases oil- and gas-fired generation to make up for lost output, Emi Kawashita, a spokeswoman, said by phone from Nagoya today.
The 1,137-megawatt No. 4 reactor and the 1,267-megawatt No. 5 unit shut automatically after a 6.5-magnitude temblor struck central Japan Aug. 11. A third reactor, the 1,100-megawatt No. 3, was shut at the time for regular maintenance.
Chubu has revived two mothballed generators, the Taketoyo No. 2 fuel-oil-fired plant and the Chita No. 2 gas-fired unit, to make up for the lost nuclear output. It may also buy power from other utilities to meet peak summer demand, the company said last week.
Chubu shares rose 0.7 percent to 2,180 yen in Tokyo trading today, beating the 0.3 percent gain in the 17-member Topix Power & Gas Index.
To contact the reporter on this story: Michio Nakayama in Tokyo at mnakayama4@bloomberg.net.
Last Updated: August 18, 2009 02:33 EDT
http://www.bloomberg.com/apps/news?pid=20601072&sid=aj3cPa9Mps0Y
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