IEEFA Research

India’s Plan to Build 12 New Nuclear Reactors Is Fraught With Risk

India’s Plan to Build 12 New Nuclear Reactors Is Fraught With Risk

Projects at Kovvada and Mithi Virdi Are Not Economically or Financially Viable

We’ve just published a report that explores what we believe are unacceptably high risks and costs of the Indian government’s proposal to build 12 new nuclear reactors. Our study, “Bad Choice: The Risks, Costs and Viability of Proposed U.S. Nuclear Reactors in India,” finds the plan, which would put six reactors each at Kovvada and […]

Report: FirstEnergy Seeks a Subsidized Turnaround

Report: FirstEnergy Seeks a Subsidized Turnaround

FirstEnergy: A Major Utility Seeks a Subsidized Turnaround (pdf) By Tom Sanzillo, Director of Finance and Cathy Kunkel, Fellow Institute for Energy Economics and Financial Analysis

October 6, 2014 Read More →
Briefing note: Fossil fuels, energy transition & risk

Briefing note: Fossil fuels, energy transition & risk

 Briefing note: Fossil fuels, energy transition & risk (pdf)

June 5, 2014 Read More →

More News and Commentary

The Problem for Coal and Nuclear: ‘Capital, With Its Lust for Growth, Continues to Migrate Elsewhere’

Bloomberg Businessweek: U.S. electricity demand has stopped growing over the past decade, partly due to recession but more a reflection of structural changes in the economy and rising efficiency. Its tough to make the economics of  a new nuclear or coal-fired plant work. By the time they are permitted and built, it can be many […]

August 16, 2017 Read More →

South Carolina Seeks a Means to Revive Abandoned Multi-Billion-Dollar Nuclear Project

Wall Street Journal: The state of South Carolina is scrambling to salvage a nuclear plant in construction after an energy firm abandoned the project. Last week, Scana Corp. said it would walk away from its project to build two nuclear reactors in tiny town of Jenkinsville—after nine years and $10.4 billion spent. “The move left […]

August 8, 2017 Read More →

On the Blogs: Growing Array of Market Forces Slow U.S. Nuclear Energy Expansion

Washington Post: The two still-to-be-built reactors in Georgia are alone among new nuclear projects under construction in the United States. On Monday, a pair of utilities, private SCANA and state-owned Santee Cooper, canceled construction on a pair of nuclear reactors in South Carolina after years of mounting building costs, stagnant electricity demand and competition from […]

August 7, 2017 Read More →

Vogtle, Kemper, V.C. Summer: ‘Is the Era of the Utility Megaproject Over?’

E&E News: Vogtle. Kemper. V.C. Summer. A decade ago, this trio of sprawling power projects signaled the next wave of cleaner baseload energy that would keep air conditioners and the economy humming in the fast-growing Southeast. Now, all three have become a symbols of broken promises and busted budgets — a narrative capped by Monday’s […]

August 4, 2017 Read More →

Costs for Struggling Vogtle Nuclear Project Top $25 Billion in New Estimate

Atlanta Journal Constitution: The full price of expanding Plant Vogtle has swelled to more than $25 billion and the project has slipped further behind schedule in the wake of a key contractor’s bankruptcy, according to estimates disclosed Wednesday by Southern Company. The Atlanta utility hasn’t made a decision about whether the troubled nuclear expansion should […]

August 3, 2017 Read More →

Ratepayers, Burned by Abandoned South Carolina Nuclear Project, May Have to Pay Even More for It

Associated Press: The abandonment of two multibillion-dollar reactors that South Carolinians have been funding since 2009 have legislators on Wednesday calling for an overhaul in how utility projects are reviewed. The “catastrophic” end of the project at V.C. Summer Nuclear Station shows the current regulatory process doesn’t adequately protect residents or the state as a […]

August 2, 2017 Read More →

Doubts in Georgia Over Whether the Only Remaining U.S. Nuclear Energy Project Will See Completion

Bloomberg News: With a multibillion-dollar nuclear project in South Carolina dead, the fate of America’s nuclear renaissance now rests on one utility: Southern Co. Scana Corp. dropped plans for two reactors Monday, leaving the two that Southern is building at the Vogtle plant in Georgia as the only ones under construction in the U.S. And […]

August 2, 2017 Read More →
IEEFA Update: The U.S. Nuclear Project Cancellation Announcement Heard ’Round the World

IEEFA Update: The U.S. Nuclear Project Cancellation Announcement Heard ’Round the World

Reverberations in Decision on V.C. Summer Project; Similar Reactor Construction in Georgia Is at Risk; Implications for India's Ambitions

Hindsight being 20/20, it’s clear that the developers of the V.C. Summer nuclear-energy project in South Carolina had no choice but to pull the plug on the project, as they announced yesterday they had done. Reasonable foresight would have better served ratepayers of South Carolina Electric & Gas Co. as well those of Santee Cooper, […]

In Failure of South Carolina Nuclear Project, a Setback to Industry’s Expansion Ambitions

Wall Street Journal: Hopes for a U.S. nuclear renaissance dimmed Monday when the owner of a partially built power plant in South Carolina pulled the plug after its costs ballooned by billions of dollars. The decision by Scana Corp. to abandon the V.C. Summer Nuclear Station came months after reactor builder Westinghouse Electric Co. filed […]

August 1, 2017 Read More →

On the Blogs: The Risk in Partnering With Westinghouse The Narendra Modi government sought to revive a 20 billion dollar deal for a nuclear power plant with US-based firm Westinghouse on 28 June. However, the track record of the company does not inspire confidence, say experts. The deadline for finalising contractual arrangements with India was June 2017 and it hasn’t been met yet. […]

June 30, 2017 Read More →