Vogtle Plant

More News and Commentary

U.S. Utilities, in Old-School Expansion Spree, Put Customers on the Hook for $40 Billion in Risk

Charleston Post and Courier: Over the past decade, state legislatures across the country rewrote rule books for how power companies pay for new power plants, shifting financial risks away from electric companies to you and everyone else. This rule change ignited a bonfire of risky spending — $40 billion so far on new power plants […]

December 11, 2017 Read More →
IEEFA Update: More Questions on U.K. Nuclear Project

IEEFA Update: More Questions on U.K. Nuclear Project

Concerns Grow That Hinkley Point C Is an Overpriced Mistake

Two of the U.K.’s main public-spending watchdogs have now criticized the government’s deal with French utility giant EDF to support completion of a new nuclear power plant, only just stopping short of saying the deal was an outright mistake. The critiques highlight the risk in failing to heed the falling cost of renewables and serve as […]

November 29, 2017 Read More →

On the Blogs: U.S. Energy Secretary Perry Commits Taxpayers to a Failing Nuclear Project in Georgia

ThinkProgress.org: On Friday, Secretary of Energy Rick Perry authorized up to $3.7 billion in taxpayer-backed loan guarantees to finish building the last remaining new nuclear plant under construction in this country. This loan, to the Southern Company’s Vogtle plant in Georgia, is on top of $8.3 billion in previous federal loan guarantees for the troubled […]

October 3, 2017 Read More →

On the Blogs: Energy Companies in Georgia and South Carolina ‘Whistling in the Dark’ on Nuclear Energy Debacles

Wamsted on Energy: The nuclear morass that has ensnared utility executives, state regulators, and legislators in South Carolina and Georgia shows no signs of easing its grip. Southern is set to decide soon whether its Georgia Power subsidiary will seek to complete Vogtle 3 & 4 even though the total cost for the much-delayed nuclear […]

August 30, 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 →

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, […]