Newspaper article THE JOURNAL RECORD

Atlanta-Based Enercon to Expand with Talisman Purchase

Newspaper article THE JOURNAL RECORD

Atlanta-Based Enercon to Expand with Talisman Purchase

Article excerpt

Over the next five years, Enercon Services Inc. anticipates that the nuclear industry, working with federal nuclear regulators, will focus on continuing to increase the margin of safety for existing operating nuclear power plants in response to lessons learned from the event at the Fukushima Daiichi nuclear power plant in Japan, said Bob Evans, Enercon vice president of new plant services.

As part of the effort, Enercon reported on Monday that the company acquired Talisman International LLC of Washington, D.C.

"In addition, the nuclear industry will continue to work to assure safe and cost-effective licensing and construction of new nuclear power plants in the United States," Evans said.

Atlanta-based Enercon did not disclose financial details of the deal with the nuclear regulatory consulting firm, which is based in the Georgetown area of Washington.

It makes sense for players such as Enercon to snap up licensing and regulation experts like Talisman, said Katie Michaels, portfolio manager for Tulsa-based Fredric E. Russell Investment.

There has been a lot of uncertainty regarding the future of nuclear power in the United States in the wake of the Fukishima Daiichi power plant incident last year, Michaels said. The nuclear power plant suffered a meltdown following a massive earthquake and tsunami on March 11, 2011.

"Though some energy experts argue that nuclear power needs to play a larger role in the country's energy supply chain, others advocate that all nuclear power plants be shut down," Michaels said. "Honestly, either way - whether nuclear power is on the increase or the decrease - regulation of nuclear power will only continue to increase and become more complicated."

As Enercon makes its announcement, there is uncertainty in the nuclear power plant industry, said M. "Jake" Dollarhide, CEO of Tulsa-based Longbow Asset Management. …

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