Georgia Power
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Nuclear
Decision on Vogtle Project May Come in February 2018
State regulators in Georgia could decide the future of the troubled Vogtle nuclear expansion project in February 2018, and have scheduled a series of hearings in December of this year to discuss spending for continued construction of two new units at the plant near Waynesboro, Georgia. The Georgia Public Service Commission (PSC) on September 19 […]
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Nuclear
Bechtel In, Fluor Out as Vogtle Construction Continues
Georgia Power’s plan to continue construction of its Vogtle nuclear expansion project comes with changes among the contractors, with Bechtel taking over the lead and Fluor Corp., which has long served as a subcontractor, on its way out. Both companies bid to take over construction after Westinghouse Electric, the designer and principal contractor for the […]
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Nuclear
Vogtle Partners Will Proceed with Beleaguered Nuclear Expansion Project
A partnership of companies seeking to build twin AP1000 reactors as part of the Vogtle nuclear expansion in Georgia will seek to complete the project, even as costs could surge well beyond $20 billion. Southern Co. subsidiary Georgia Power on August 31 said the Vogtle project owners—Georgia Power, Oglethorpe Power, Municipal Electric Authority of Georgia […]
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Power
Georgia PSC Signals Support For Continuing Vogtle Expansion
In two actions on August 15, the Georgia Public Service Commission (PSC) signaled its support for the Vogtle nuclear expansion project, provided it can be done economically, Georgia Power must show revised cost and schedule estimates to finish the costly Vogtle nuclear expansion as well as indicate whether it intends to finish the much-delayed construction […]
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Power
SCANA Reverses Move to Abandon V.C. Summer Nuclear Project
SCANA Corp. is withdrawing a petition submitted to regulators seeking to abandon the construction of Units 2 and 3 at the V.C. Summer Nuclear Station in South Carolina. The company’s subsidiary South Carolina Electric and Gas (SCE&G) said on August 15 that it will voluntarily withdraw its abandonment petition filed just two weeks ago with […]
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Legal & Regulatory
Cost to Complete Vogtle AP1000 Nuclear Units Could Balloon to $20B
Costs to build the two Vogtle AP1000 units under construction in Georgia could range between $18.3 billion and $19.8 billion—and for now, Southern Co. is pinning its hopes to complete the project on approval from the Georgia Public Service Commission (PSC). Southern Co. CEO Tom Fanning told investors in a second-quarter earnings call on August […]
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Nuclear
Toshiba Will Pay $2.2 Billion to Exit Summer Nuclear Project
SCANA Corp. and state-owned utility Santee Cooper on July 27 said Toshiba has agreed to pay nearly $2.2 billion to cap its liabilities from the unfinished V.C. Summer nuclear project in South Carolina. Toshiba subsidiary Westinghouse, which was building two nuclear units at the Summer site along with the troubled Vogtle nuclear project in Georgia, […]
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Nuclear
DOE Approves Service Agreement Between Westinghouse and Georgia Power on Vogtle Expansion—With Conditions
The Department of Energy (DOE) has approved a new service agreement finalized by Westinghouse and Georgia Power for the Vogtle AP1000 units under construction in Georgia, though the agency reached a separate deal with Georgia Power on a loan guarantee agreement that will require the Southern Co. company to provide it with a solid cost […]
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Legal & Regulatory
Cost Overruns at Vogtle Expected to Soar
Georgia Power officials say the utility continues to work with its partners in the troubled Vogtle nuclear plant to firm up construction timelines and determine the costs to complete two new units at the facility. At the same time, a group opposed to the project and two long-time project consultants say ballooning costs should put […]
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Legal & Regulatory
Toshiba Agrees to $3.68 Billion Deal to Aid Vogtle Nuclear Construction
A nuclear plant construction project in Georgia that is years behind schedule and billions of dollars over budget has been given a lifeline that at least temporarily eases concerns about its future. Toshiba, the parent company of Westinghouse, and Southern Company subsidiary Georgia Power, majority owner of Plant Vogtle near Augusta, on June 9 reached […]