Perfect timing for PEN...?

This is fantastic news for all U bulls and great news for the industry as a whole. Looks like they may have cleared all local political hurdles for the first Japanese nuke plant restart within a week from now. Then on to technical assessment etc.
I honestly thought that the public approval process could potentially drag out for a long time. Just goes to show how quickly things can happen when those in power wish to do so.  

I hope this keeps some upward pressure on the spot price (that flows through to term prices) just as PEN finalises a tiny little offtake agreement and locks in resultant funding so we can make good on our July '15 first delivery.

Good luck to all as always. After 5.5 long years, I'm starting to feel the most positive I have felt in quite a while. Looking forward to 2015.

frogga



http://www.menafn.com/1093986713/City-Assembly-Approves-Sendai-Nuclear-Plant-Restart-in-Japan
Satsumasendai city assembly approves request to restart nuclear power plant
SATSUMASENDAI, Kagoshima -- A special 10-person panel for the city assembly here approved a request to restart the Sendai Nuclear Power Plant in a vote on Oct. 20.
It was the first official decision in procedures to confirm local agreement for restarting the plant, which is located in the city. Satsumasendai Mayor Hideo Iwakiri said, "I highly praise the decision."
The vote was made by eight members of the panel, excluding the head of the panel and one member who abstained. Six of the eight voted to approve the request, and two voted against. The panel turned down 10 requests to not reactivate the plant.
A majority of the city assembly supports reactivation, and it is almost certain that a full council will approve the request as well at an extraordinary session likely to be held on Oct. 28. Possibly within the same day the mayor is expected to agree to reactivation of the plant.
"After the city assembly makes its decision, I would like to make a decision as quickly as possible on the direction to proceed," Iwakiri said.
The night of Oct. 20 also marked the final briefing for local residents -- held in the city of Ichikikushikino -- about why Sendai Nuclear Power Plant was judged to meet new national regulatory guidelines.
With the opinion of the Satsumasendai Municipal Assembly becoming increasingly clear, the spotlight is shifting to how the prefectural assembly and the governor will decide regarding reactivation of the plant.