NuScale Power Announces Appointment of Diana J. Walters to Board of Directors

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NuScale Power Announces Appointment of Diana J. Walters to Board of Directors

2024-12-27 05:25 Last Updated At：05:41

CORVALLIS, Ore.--(BUSINESS WIRE)--Dec 26, 2024--

NuScale Power Corporation (NuScale or the Company) (NYSE: SMR), the industry-leading provider of proprietary and innovative advanced small modular reactor (SMR) nuclear technology, today announced the appointment of Diana J. Walters to its Board of Directors, effective December 20, 2024. With the appointment of Walters, the Board comprises 10 directors, six of whom are independent.

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Walters brings more than 35 years of leadership experience in the natural resources sector. She has held prominent roles, including serving as President of Liberty Metals and Mining LLC, CFO of Tatham Offshore, Inc., as well as numerous roles in the investment banking, capital markets, and advisory sectors. Walters currently serves on the boards of Atmos Energy, Trilogy Metals Inc., and Platinum Group Metals Limited, where she is Chair. She also serves as a Senior Advisor at Independence Point Advisors.

“We are thrilled to welcome Diana Walters to NuScale’s Board of Directors,” said John Hopkins, President and Chief Executive Officer of NuScale Power. “Diana’s financial acumen and natural resources experience will support continued strong stewardship of NuScale as we work towards advancing the commercial deployment of NuScale’s NRC-approved SMR technology.”

Walters received her Bachelor of Arts degree in Plan II Honors and a Master of Arts degree in Energy and Mineral Resources from The University of Texas at Austin.

About NuScale Power

Founded in 2007, NuScale Power Corporation (NYSE: SMR) is the industry-leading provider of proprietary and innovative advanced small modular reactor (SMR) nuclear technology, with a mission to help power the global energy transition by delivering safe, scalable, and reliable carbon-free energy. The Company’s groundbreaking SMR technology is powered by the NuScale Power Module™, a small, safe, pressurized water reactor that can each generate 77 megawatts of electricity (MWe) or 250 megawatts thermal (gross), and can be scaled to meet customer needs through an array of flexible configurations up to 924 MWe (12 modules) of output.

As the first and only SMR to have its design certified by the U.S. Nuclear Regulatory Commission, NuScale is well-positioned to serve diverse customers across the world by supplying nuclear energy for electrical generation, data centers, district heating, desalination, commercial-scale hydrogen production, and other process heat applications.

South Korea's opposition-controlled National Assembly votes to impeach acting President Han

2024-12-27 18:00 Last Updated At：18:10

SEOUL, South Korea (AP) — South Korea’s opposition-controlled National Assembly voted Friday to impeach acting President Han Duck-soo despite vehement protests by governing party lawmakers, further deepening the country’s political crisis set off by President Yoon Suk Yeol’s stunning imposition of martial law and ensuing impeachment.

Han’s impeachment means he will be stripped of the powers and duties of the president until the Constitutional Court decides whether to dismiss or reinstate him. The court is already reviewing whether to uphold Yoon's earlier impeachment. The impeachments of the country’s top two officials worsen its political turmoil, deepen its economic uncertainty and hurt its international image.

The single-chamber National Assembly passed Han’s impeachment motion with a 192-0 vote. Lawmakers with the governing People Power Party boycotted the vote and surrounded the podium where assembly Speaker Woo Won Shik was seated and shouted that the vote was “invalid” and demanded Woo's resignation. No violence or injuries were reported.

The PPP lawmakers protested after Woo called for a vote on Han’s impeachment motion after announcing its passage required a simple majority in the 300-memer assembly, not a two-thirds majority as claimed by the PPP. Most South Korean officials can be impeached by the National Assembly with a simple majority vote, but a president’s impeachment needs the support of two-thirds. There are no specific laws on the impeachment of an acting president.

In a statement, Han called his impeachment “regrettable” but said he respects the assembly's decision and will suspend his duties to “not add to additional confusion and uncertainty.” He said he will wait for “a swift, wise decision” by the Constitutional Court.

Han’s powers were officially suspended after the copies of his impeachment document were delivered to him and the Constitutional Court. The deputy prime minister and finance minister, Choi Sang-mok, is next in line to take over.

Han, who was appointed prime minister by Yoon, became acting president after Yoon, a conservative, was impeached by the National Assembly about two weeks ago over his short-lived Dec. 3 imposition of martial law. Han quickly clashed with the main liberal opposition Democratic Party as he pushed back against opposition-led efforts to fill three vacant seats on the Constitutional Court, establish an independent investigation into Yoon’s martial law decree and legislate pro-farmer bills.

At the heart of the fighting is the Democratic Party’s demand that Han approve the assembly's nominations of three new Constitutional Court justices to restore its full nine-member bench ahead of its ruling on Yoon’s impeachment. That’s a politically sensitive issue because a court decision to dismiss Yoon as president needs support from at least six justices, and adding more justices will likely increase the prospects for Yoon’s ouster. Yoon’s political allies in the governing party oppose the appointment of the three justices, saying Han shouldn’t exercise the presidential authority to make the appointments while Yoon has yet to be formally removed from office.

On Thursday, Han said he wouldn’t appoint the justices without bipartisan consent. The Democratic Party, which holds a majority in the assembly, submitted an impeachment motion against Han and passed bills calling for the appointment of three justices.

South Korean investigative agencies are probing whether Yoon committed rebellion and abuse of power with his marital law decree. His defense minister, police chief and several other senior military commanders have already been arrested over the deployment of troops and police officers to the National Assembly, which prompted a dramatic standoff that ended when lawmakers managed to enter the chamber and voted unanimously to overrule Yoon’s decree.

Han's impeachment motion accuses him of collaborating and abetting Yoon's declaration of martial law. It also accuses Han of attempting to obstruct the restoration of the Constructional Court's full membership and of delaying investigations into Yoon's alleged rebellion by not appointing independent counsels.