Collaboration suffers when teams have conflicting goals, even if they all know and agree on the main goal, so leaders must clearly define how each department's role and priorities should align with each new initiative, writes David Dye. If you don't, you'll get each department doing what it's been goaled against but not necessarily working in sync with each other.
Pacific Gas & Electric's Diablo Canyon nuclear power plant in California will begin retiring its reactors in 2025 after approval from the California Public Utilities Commission last week. Because state law prohibits the construction of nuclear power plants before the federal government authorizes a plan for permanently storing used nuclear fuel, the closure may signal the end of nuclear energy for electricity generation in the state for the foreseeable future.
Dominion Energy Chairman, President and CEO Thomas Farrell told the South Carolina Public Service Commission that SCANA will go bankrupt if Dominion's proposed purchase of the company doesn't go through. SCANA, parent company of South Carolina Electric & Gas, will fail if it can't continue to charge ratepayers for debts related to the halted construction of two new reactors at SCE&G's V.C. Summer nuclear power plant, Farrell said.
Even as the renewable energy industry has expanded, global carbon emissions grew in 2017, indicating that the fight against climate change requires low-carbon, reliable and easily scalable nuclear power, writes Eric Holthaus. Leaders need to think about the long-term effects of letting nuclear power plants retire, he writes.
Entergy, NorthStar Group Services and state agencies in Vermont have made "substantial progress" in talks to resolve issues regarding the sale of Entergy's Vermont Yankee nuclear power plant to NorthStar, said Mike Twomey, wholesale commodities external affairs vice president at Entergy. NorthStar would decommission the site, but state officials have raised concerns about risks and finances.
CEOs should make alignment the job of enterprise-level leaders who can wrangle complicated, interconnected systems, writes Jonathan Trevor. "Enterprise leaders are not people leaders in the traditional sense; they are the system architects of their company's long-term success," he writes.
Operation of the Russian floating nuclear power plant Akademik Lomonosov has been approved by the Russian authority Glavgosexpertiza. The design of the power plant complies with regulations and the estimated cost is sound, the regulator found.
Influence is increasingly the biggest way to lead, but that means you must always be on your toes, says Ana Dutra, CEO of The Executives' Club of Chicago. "The moment you get to the decision-making meeting, you should already know what the decision is going to be, who's on your side, what questions are going to be asked," she says.
While used nuclear fuel is safely stored at sites across the country now, this should not become the de facto storage solution because it could be difficult to monitor and manage over the coming centuries, writes The Day's editorial board. The proposed Yucca Mountain repository in Nevada is the only viable solution that has been developed, and it's time for Congress to authorize it.