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① Iran 1. Iranian President: Energy production and supply have not been interrupted during the war. 2. Iranian Parliament denies that Ghalibaf resigned as head of the negotiating delegation. 3. Iranian Revolutionary Guard: If another attack is launched against Iran, the war will expand beyond the region. 4. Iranian Foreign Minister Araqchi prepares to travel to the United States to attend a UN meeting. 5. Iranian Revolutionary Guard: The army is on high alert; we treat the ceasefire period as wartime and have used this opportunity to strengthen our combat capabilities. ② United States 1. US military refueling aircraft spotted at an Israeli airport. 2. Trump: Netanyahu will act as I ask. I am not in a hurry about the Iran issue. 3. US Treasury Secretary Bessenter: Discussed the Iran issue with the Qatari Finance Minister in Paris. 4. US Military: US Marines boarded a commercial oil tanker flying the Iranian flag on Wednesday. ③ Israel 1. Israeli media: Trump and Netanyahu spoke by phone last night; the call was described as "long and tense." 2. Israeli Military: We attacked Hezbollah weapons production facilities in the Tour region of southern Lebanon on Monday. ④ Strait of Hormuz 1. Iran proposes cooperation with Oman to build a long-term security mechanism for the Strait of Hormuz. 2. US Central Command: As of May 20, US forces have redirected 90 ships. 3. South Korea coordinated with the Iranian Islamic Revolutionary Guard Corps on Wednesday regarding passage through the strait. 4. Iranian Revolutionary Guard Corps: The situation in the Strait of Hormuz cannot return to its previous state. The only way out for the enemy is to respect the Iranian nation and abide by Irans legitimate rights. 5. Commander of the Iranian Revolutionary Guard Corps Navy: In the past 24 hours, 26 ships have passed through the strait under the coordination and security of the navy. 6. Iran stated that at the entrance to the Strait of Hormuz, illegal and covert oil tankers have been identified and punished. 7. Iran released a video showing a drone targeting an oil tanker that passed through the Strait of Hormuz without prior coordination from Iranian authorities. 8. Iranian Foreign Ministry: The passage of the United States and Israel through the Strait of Hormuz cannot be allowed, as it would affect our national security. ⑤ Ceasefire Negotiations 1. Iran and the United States are reportedly to hold a new round of negotiations after the Hajj season ends. 2. Iran says it will continue negotiations despite "strong distrust of the United States." 3. Iranian Foreign Ministry: Pakistani Interior Minister visits Iran to facilitate information exchange. 4. Trump: US-Iran negotiations have entered the final stage. A more severe strike against Iran is possible, but an agreement will be observed first. 5. Sources: The US is showing limited flexibility but will not compromise on nuclear demands and the Strait of Hormuz. 6. Iranian Foreign Ministry: The US must demonstrate goodwill and end "piracy" against Iranian vessels. Iran demands an end to all conflicts and the release of Iranian assets. 7. Iran is reviewing the latest US proposal and has not yet responded. 8. Pakistani Interior Minister appears in Tehran on Wednesday and meets with the commander of the Iranian Revolutionary Guard, the Iranian president, and the Iranian Interior Minister. SpaceX: Will allow shares to be released early in stages before the 180-day lock-up period expires, with the stages linked to company profits, stock price and timeframes.Nvidia CEO Jensen Huang: SRAM-based AI chips, including our own products, will be a niche product for some time to come.SpaceX: On January 13, 2026, the Board of Directors approved granting Musk 1 billion restricted Class B common stock shares based on performance.Nvidia (NVDA.O) CFO: The tax rate for fiscal year 2027 is expected to be 16% to 18%, lower than the initial forecast.

U.S. Extends Deadline For Nuclear Power Rescue Program Applications

Haiden Holmes

May 19, 2022 10:08

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The U.S. Department of Energy announced on Wednesday that the deadline for nuclear power reactors to apply for federal assistance to keep them operational has been extended by 47 days, until July 5.


The program's initial phase aims to preserve two factories in California and Michigan. More than half of the country's carbon-free electricity is generated by the nuclear industry, which is why the Biden administration wishes to keep nuclear plants operational.


Two industry trade groups, Edison Electric Institute and Nuclear Energy Institute, requested the extension on behalf of their members in a letter to Energy Secretary Jennifer Granholm two days before the DOE's action.


Kathryn Huff, assistant secretary for nuclear energy at the Department of Energy, stated, "We received a request to extend the application period, which could keep at-risk reactors running and provide much-needed clean power to the grid."


Under the concept, known as the Civilian Nuclear Credit (CNC) program, owners of nuclear reactors slated for retirement would receive preference for the initial $6 billion in funding. The money for the CNC is derived from the infrastructure statute enacted last year.


The Michigan Palisades facility of Entergy Corp (NYSE:ETR), which may be eligible, is scheduled to close on May 31.


Entergy stated in an email that it was committed to closing the plant after CEO Leo Denault stated in an April earnings call that there are "major technical and commercial obstacles" to changing course at this time.


Denault stated at the time that Entergy would collaborate with "any eligible party interested in owning the plant and receiving federal funds."


The PG&E (NYSE:PCG)-owned Diablo Canyon facility in California is planned to close in 2025. Tuesday, a corporate representative stated that the utility had not yet determined whether or not to apply for the cash.


Ken Cook, president of the Environmental Working Group, criticized CNC as a "waste of scarce resources" that impedes the transition of the nation and California to renewable electricity.