Nuclear power in Europe

A GRANDMA for peace was arrested yet again after protesting against weapons of mass destruction.

Veteran campaigner Joan Meredith, 79, from Malpas, was taking part in the CND/Trident Ploughshares Big Blockade at the Aldermaston nuclear plant in Berkshire when she was arrested on Monday last week.

A new generation of nuclear plants requires a new generation of nuclear physicists

MUCH more than worries about safety, the biggest obstacle to the revival of nuclear power in Britain is cost. Atom-splitting is expensive, with brochure prices for reactors starting around £3 billion, and dizzying lurches in oil prices make it hard to evaluate the industry’s competitiveness. “Nuclear power works for oil prices above $60 a barrel,” said a government adviser confidently in early October, when it was still near $100. As The Economist went to press, the price of oil was hovering around $64, barely above that margin of safety.

The UK's Nuclear Decommissioning Authority has formally advised the Nuclear Installations Inspectorate - the country's nuclear safety regulator - that it plans to extend the operating life at Oldbury nuclear power station, the NDA said Wednesday.

It’s not only banks that are asking investors for billions of pounds these days. Last week Centrica, the energy company behind British Gas, tapped its shareholders for £2.2 billion in what will be one of the biggest rights issues outside financial services this year.

Unlike the banks, Centrica doesn’t need the money to save itself from destruction. In a harking-back to precredit crunch times, Centrica wants the cash to invest in a new business. City institutions are relieved. “They [Centrica’s large shareholders] have all said thank goodness you are here to talk about that and not another recapitalisation,” said Sam Laidlaw, Centrica’s chief executive.