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Georgia Utility Shelves New Nuke Proposal

Georgia Power’s decision to pass on plans to construct a nuclear power plant near Columbus is the latest in a string of setbacks for the US nuclear industry.  The Local BY MATT SMITH 6 Mar 17 

The company behind one of only two nuclear power plants under construction in the United States says it’s passing on plans for another.

Georgia Power told state regulators last week that it was shelving plans for a possible new nuclear power plant in Stewart County, near Columbus. In a letter to the state Public Service Commission, the utility said it no longer saw any need for another reactor in the next few years….

The decision comes at a rough time for the U.S. nuclear industry, which has seen five reactors shut down in the past few years and is expecting six more to go offline in the coming decade. . ….

it’s already struggling to complete a two-reactor expansion of its existing Plant Vogtle nuclear power plant near Augusta. The project, which Georgia Power is sharing with three other utilities, is running three years behind schedule and billions of dollars over budget.

Vogtle’s expansion was further clouded by February’s announcement of $6.3 billion in losses at the Japanese industrial conglomerate Toshiba, which owns the US nuclear company Westinghouse — which designed and is building the new reactors. The company also said it wouldn’t be building any more American reactors……

The Southern Alliance for Clean Energy hailed the news, calling the plan “a bad deal for the citizens of Georgia.”

“The proposed Stewart County nuclear units were nothing more than financial insult to injury on the people of Georgia,” Stephen Smith, the green group’s executive director, said in a written statement. “We need more oversight on the runaway costs at Vogtle, not another blank check in Stewart County.”http://www.seeker.com/georgia-utility-shelves-new-nuke-proposal-2302767501.html

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March 8, 2017 - Posted by | general

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