nuclear-news

The News That Matters about the Nuclear Industry Fukushima Chernobyl Mayak Three Mile Island Atomic Testing Radiation Isotope

Who is going to pay up for Vogtle nuclear plant’s ballooning costs?

Georgia Power reports costs, challenges of Vogtle expansion Augusta Chronicle, By Rob Pavey , Aug 31, 2012 Plant Vogtle’s primary owner acknowledged Friday that many factors could increase the nuclear expansion’s $14 billion price tag but did not ask Georgia’s Public Service Commission to amend the project’s certified cost. Plant Vogtle’s primary owner acknowledged Friday that many factors could increase the nuclear expansion’s $14 billion price tag but did not ask Georgia’s Public Service Commission to amend the project’s certified cost….. Other future cost increases, the report said, could be driven by changes to the reactor design approved by the Nuclear Regulatory Commission, taxes, additional backfill work at the site, and governmental mandates such as increased cyber security and physical security.

The owners also remain in a dispute with the contractor consortium, Stone & Webster and Westinghouse, over who is responsible for additional costs that could add as much as $425 million to Georgia Power’s share of the project. Georgia Power, which owns 45.7 percent of Plant Vogtle, has not accepted responsibility for those costs. … http://chronicle.augusta.com/news/business/local-business/2012-08-31/georgia-power-reports-costs-challenges-vogtle-expansion

September 1, 2012 - Posted by | business and costs, USA

No comments yet.

Leave a comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.

« Previous | Next »