Rubatex Information

Rubatex Msds Public Service Enterprise Group will begin refueling its troubled Hope Creek nuclear plant earlier than planned, a move that will probably reduce company earnings for the year.

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Rubatex Neoprene The Newark-based parent of New Jersey's largest electric utility announced Monday that the Hope Creek plant in Salem County, which was shut down Oct. 10 due to a steam pipe failure, will remain offline so the company can begin a planned refueling. A periodic refueling was to have begun Oct. 28 and conclude in mid-December.

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Rubatex Pipe The extension of the refueling outage is expected to increase replacement power costs and other expenses by about $12 million, or 5 cents per share, in the fourth quarter, said Thomas O'Flynn, PSEG's chief financial officer.

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Rubatex Pipe Insulation "These added costs will pressure the low end of PSEG's 2004 guidance of $3.15 to $3.35 per share," O'Flynn said. The average estimate of analysts surveyed by Thomson Financial was $3.26.

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Rubatex 180 The company's third quarter earnings are due out Friday.

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Rubatex 180 Fs Chris Bakken, PSEG's chief nuclear officer, said in a message to employees that the "best course of action is to keep the unit offline and transition to the refueling outage now."

Rubatex 1800 An earlier start of the refueling may lead to an earlier return-to-service date, but the unit will stay offline until the company has addressed problems at the plant, PSEG said in a letter to the Nuclear Regulatory Commission.

Rubatex 320 Hope Creek was taken out of service last week as a result of a failed eight-inch discharge line from a moisture separator to the main condenser in Hope Creek's turbine building, the company said.

Rubatex 373 "Our preliminary investigation of the event has revealed equipment and personnel performance issues, which we will address prior to the restart of the unit," Bakken said in a letter to the federal regulators.

Rubatex Rubber The NRC is investigating charges that the nuclear plant is deficient in dozens of critical aspects. Problems cited in reports by private consultants include the reliability of equipment and availability of spare parts. Reports specifically noted a leaky generator and unreliable controls on a reactor.

Rubatex Tape In addition, the NRC is reportedly investigating claims by at least two employees that their superiors retaliated against them after they expressed concerns about safety.

Rubatex Closing The investigations were first reported last week by The New York Times.

Rubatex Closed Cell Gasketing The commission has warned PSEG repeatedly in the past two years about its system of detecting maintenance problems. In its most recent report about poor maintenance that led to the failure of a pump valve, the NRC warned of inadequate insulation on piping and rusted metal supports on water pipes leading to a reactor.

Felpro Gaskets PSEG Nuclear operates the Hope Creek and Salem I and II reactors at a complex in Lower Alloways Creek Township in Salem County, along the Delaware River.

Poly Products Supplies More than half of New Jersey's electricity comes from nuclear power. Before the state's electric industry was deregulated five years ago, PSEG generated power primarily for its own customers at Public Service Electric and Gas Co.

Poly Hunting Feeders Now PSEG's unregulated power division is free to sell electricity on the open market to PSE&G and other regulated utilities.

By Kevin G. DeMarrais
Bergen Record - 10/19/2004

Topic: Nuclear