Archive: News


[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.

Vogtle nuclear expansion August 2018

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 […]

The Navajo Generating Station, near Page, Arizona, serves electric customers in Arizona, Nevada, and California. The station also supplies energy to pump water through the Central Arizona Project.
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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 […]

Sanmen Unit 1 - AP 1000 Westinghouse

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 […]

Pictured is Siemens’ 3-D printed gas burner for the SGT-700 gas turbine operating at E.ON’s combined cycle power plant in Philippsthal, Germany. Courtesy: Siemens

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 […]

The sun sets behind the Vogtle 1 and 2 cooling towers near the Unit 3 and 4 construction site in Georgia. Courtesy: Georgia Power (March 2016)

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 […]

Splash_EDF Bouchain combined cycle power plant_web

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,” 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. […]

New Jersey. On March 6, three Democratic lawmakers in New Jersey introduced SB 3061 in the state Senate, a bill that directs the state's Board of Public Utilities to study ZECs of about $500 million per year for the state’s nuclear power plants, and requires the board to report back to the governor and legislature with its findings.

In a comment on the New Jersey bill submitted on March 20, industry group EPSA commended the bill's sponsors for "not rushing to judgment as ZECs are highly controversial." Public Service Enterprise Group—the state's largest electricity provider—"only started claiming that its nuclear plants may not be recovering their cost of capital to justify future investments and could be cash flow negative by 2020," it noted.

"This is apparently based on a comparison with illiquid forward power prices that may or may not accurately measure future revenues from these plants," it added (EPSA's emphasis). "For starters, if revenues below cost of capital and need to fund future investments are the standards to trigger consumer subsidies, many non-nuclear power plants (including those of EPSA members) would also qualify for out-of-market subsidies. Where would subsidies end?"

The national trade association for independent power producers and marketers also pointedly noted that ZECs are being pushed by utility holding companies that "own both market-based generation and cost-based retail distribution utilities to finance new corporate strategies to boost earnings by exiting competitive generation to focus on more assured earnings from their retail rate-regulated utilities."

The Oyster Creek unit is the oldest operating reactor in the U.S., having begun commercial operations Dec. 23, 1969. Exelon announced the retirement of the 625-MW plant on Dec. 8, 2010. The Ocean County, N.J.–facility is expected to be permanently closed in 2019. Courtesy: Exelon Nuclear

[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