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Costs rise with more delays at Georgia Nuclear Plant

Time is money 2 copyRegulators: More Delays Possible for Georgia Nuclear Plant ATLANTA —abc news,  May 13, 2015, By RAY HENRY Associated Press Regulators say there’s a “high probability” a nuclear plant under construction in Georgia will be delayed even longer than the three years already announced by its owners, according to an analysis obtained by The Associated Press.

Southern Co. subsidiary Georgia Power and its co-owners are building two more nuclear reactors at Plant Vogtle in eastern Georgia. A project using the same reactor design, Westinghouse Electric Co.’s AP1000, is underway at the Summer nuclear station in South Carolina, which has seen similar delays……..

Time is money in the nuclear power industry. The longer building a power plant takes, the more utility companies must pay in construction and borrowing costs. Ultimately, electric customers will pay for the plant’s costs unless regulators intervene. A single day of delay will cost Georgia Power roughly $2 million, according to estimates from regulators…….http://abcnews.go.com/US/wireStory/regulators-delays-georgia-nuclear-plant-31020059#.VVPN4Dd00rg.twitter

May 15, 2015 - Posted by | business and costs, USA

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