[VIDEO] Vogtle’s Soaring Costs
The project to expand the two-unit Plant Vogtle in Georgia with two new AP1000 reactors has suffered debilitating delays and mounting costs.
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BREAKING: Owners Vote to Continue Vogtle Nuclear Project
Owners of the beleaguered Plant Vogtle nuclear expansion project have voted to continue construction of two new AP1000 reactors at the site near Waynesboro, Georgia. Directors of the Municipal Electric Authority of Georgia (MEAG Power) and Oglethorpe Power on September 24 each agreed the oft-delayed and increasingly over-budget project should move forward, although Oglethorpe’s board […]
How the Vogtle Nuclear Expansion’s Costs Escalated
The project to expand the two-unit Plant Vogtle nuclear power station in Georgia with two new AP1000 reactors has suffered debilitating delays and mounting costs. The project is owned by four partners: Southern Co. subsidiary Georgia Power (45.7%), Oglethorpe Power Corp. (OPC, 30%), Municipal Electric Authority of Georgia (MEAG Power, 22.7%), and Dalton Utilities (1.6%). Units […]
[UPDATED] Breached Duke Energy Cooling Lake Floods Plant, Enters Cape Fear River
Hurricane Florence floodwaters have breached a cooling lake dam at Duke Energy’s Sutton Plant in Wilmington, North Carolina, releasing water into the Cape Fear River and flooding the footprint of the gas plant at the site, which has been shut down. The company’s latest update signals mounting troubles at the site, where Duke Energy shuttered […]
Companies End Effort to Buy Navajo Generating Station
The companies negotiating to purchase the largest coal-fired power plant in the southwestern U.S. have ended their pursuit, which means the 2,250-MW Navajo Generating Station (NGS) near Page, Arizona, remains scheduled to close by year-end 2019. Avenue Capital, a New York-based global investment firm focused on distressed assets, and Chicago-based Middle River Power on September […]
AP1000 Reactor Set for Commercial Operation in China
An AP1000 nuclear reactor at the Sanmen power plant in China will likely be the first of its kind to begin commercial operation, with reports saying the reactor could come online as early as September 21. A statement from China National Nuclear Power Company, issued to the stock exchange in Shanghai on September 20, said […]
3-D Printed Gas Turbine Technology Marks ‘Game Changing’ Milestone
The world’s first 3-D printed burner for an industrial gas turbine has been in operation for one year with no reported issues. Siemens, which installed the burner for the 32.8-MW SGT-7000 gas turbine at E.ON’s combined cycle power plant in Philippsthal in the German state of Hessen said on September 19 that it has been […]
Vogtle’s Escalating Costs Concern Lawmakers, Stakeholders
The Vogtle nuclear expansion’s “ever-escalating” cost is concerning several members of Georgia’s General Assembly, according to a letter sent to partners building the much-delayed project. Twenty lawmakers from both houses of state government—19 Republicans and one Democrat—sent a letter to the board of directors at Georgia Power Co., Oglethorpe Power Co. (OPC), and Municipal Electric […]
GE Gas Turbine Blade Issue Concerns Analyst
Lead analyst Stephen Tusa lowered J.P. Morgan’s rating on GE stock after “checks on two initial U.S. installations revealed failures of the first stage blade of GE’s H-frame gas turbine,” thestreet.com reported on September 20. Tusa—who has long been critical of GE’s prospects—reportedly wrote, “The impact on ‘asset value’ from a failure at GE’s U.S. […]
[VIDEO] An Iconic Nuclear Plant Shuts Down
The Oyster Creek Nuclear Generating Station in New Jersey, the oldest operating nuclear plant in the U.S., was shut down on September 17, 2018. For more, see “Oldest U.S. Nuclear Plant Shuts Down.” Visit our video archive
