nuclear-news

More delays, more costs for Georgia’s new nuclear power plants

Monitor warns of delays building Ga. nuclear plant  Seattle Pi By RAY HENRY, Associated Press , June 23, 2014 ATLANTA (AP) — The companies building one of the first U.S. nuclear plants in a generation have missed project deadlines, and government monitors questioned in reports released Monday whether those delays could grow.

Southern Co. subsidiary Georgia Power and its partners are building two more nuclear reactors at Plant Vogtle (VOH’-gohl) southeast of Augusta using a first-of-its-kind technology. The construction project was originally estimated to cost $14 billion, but the final price tag is likely to rise.

The plant in Georgia and an identical facility under construction in South Carolina are widely viewed as tests of whether the nuclear industry can build new power plants without the big delays and cost overruns common decades ago. Total project costs could jump $2 million every day there is a delay, according to estimates released by state analysts. Utility customers ultimately pay those costs unless regulators intervene………http://www.seattlepi.com/business/energy/article/Monitor-warns-of-delays-building-Ga-nuclear-plant-5573404.php

June 24, 2014 - Posted by Christina Macpherson | general