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Problems, $900 lawsuits – Vogtle Nuclear Plant now years away

The delays and cost pressures have created friction between the
construction partners and utility companies that will serve as the
plant’s owners, escalating into a series of lawsuits totaling more
than $900 million.

New Nuclear Plant Hits Some Snags, WSJ,  By REBECCA SMITH, 23 Dec 12
The first newly licensed nuclear-power plant to be built in the U.S.
in decades, the Vogtle project in Georgia, has run into construction
problems and may be falling years behind schedule, according to an
engineering expert advising the state.

The $14 billion plant is being closely watched by energy experts as a
bellwether for the rebirth of the U.S. nuclear industry, because it
involves a new type of nuclear reactor and a modular construction
method that are supposed to reduce construction time and cost.But a
construction monitor warned in a report to the Georgia Public Service
Commission this month that the plant, which will be operated by
Southern Co. SO -0.48% on behalf of several utilities, was falling
behind schedule ……
Southern already was facing criticism from consumer groups that
Georgia customers’ power needs could be met more cheaply by
natural-gas-fired power plants and through conservation efforts……
For the power sector, the delay evokes unpleasant memories of cost
overruns during the latest big nuclear-construction cycle, in the
1980s, which resulted in massive rate increases and utility
losses……
The delays and cost pressures have created friction between the
construction partners and utility companies that will serve as the
plant’s owners, escalating into a series of lawsuits totaling more
than $900 million……http://online.wsj.com/article/SB10001424127887324731304578193880676864240.html

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December 26, 2012 - Posted by | business and costs, USA

2 Comments »

  1. coincidentally, this article was released also

    “…“This is where nuclear power is going,” said Jason Hayes, who is training to become asenior reactor operator for the new reactors at Plant Vogtle. He left a job as a control room supervisor at a nuclear plant in Mississippi because he wanted to tie his career to the emerging technology. “If there is going to be a nuclear power industry, I figured I’d go to where it’s going to be.”…”

    https://nuclear-news.net/2012/12/26/training-under-way-for-new-nuclear-plant-operators-old-nuclear-is-finished/

    Comment by arclight2011 | December 26, 2012 | Reply


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