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IEEFA U.S.: Price tag for new reactors at Vogtle Plant in Georgia climbs past $30 billion

IEEFA U.S.: Price tag for new reactors at Vogtle Plant in Georgia climbs past $30 billion

Delays, mismanagement, overruns may leave Georgia Power ratepayers with enormous cost burden

January 20, 2022 (IEEFA)—Once estimated at more than $14 billion, the price tag for two new reactors at Georgia Power Company’s Plant Vogtle site has now climbed past $30 billion, and both units will be more than six years late in coming online, according to a report by the Institute for Energy Economics and Financial […]

IEEFA U.S.: Energy transition to renewables likely to accelerate over next two to three years

IEEFA U.S.: Energy transition to renewables likely to accelerate over next two to three years

Coal, gas set to become biggest losers as renewable generation climbs quickly

March 31, 2021 (IEEFA) — The speed and scope of the energy transition to renewables will pick up pace over the next two to three years, according to the Institute for Energy Economics and Financial Analysis’ U.S. Power Sector Outlook 2021. Solar and battery storage adoption is enjoying almost exponential growth, and wind and solar […]

IEEFA report: Coal-fired power generation collapsing across Southeast U.S., longtime bastion of the industry

IEEFA report: Coal-fired power generation collapsing across Southeast U.S., longtime bastion of the industry

Decade-long influx of cheap gas started regional transition; solar expected to finish it

Oct. 1, 2019 (IEEFA U.S.) – Abundant gas supplies have transformed the electricity-generation sector in the traditionally coal-dominated Southeast U.S. Planned new solar construction in the region will add momentum to the energy transition and likely lead to the zeroing out of all coal generation in a number of states in the near future, finds […]

Georgia Power’s Aging Plant Hammond Should Be Retired

Georgia Power’s Aging Plant Hammond Should Be Retired

Hobbled by Outdated Coal-Burning Technology, Poor Operating Performance and High Production Costs

We’ve published a paper today that explains why Georgia Power should retire Plant Hammond, an outdated coal-fired electricity plant in northwest Georgia. The report, posted here, details how the 840-megawatt plant, whose four units are from 44 to 61 years old, has grown increasingly expensive to ratepayers in recent years. Plant Hammond’s high costs are […]

November 17, 2015 Read More →

More News and Commentary

IEEFA U.S.: Price tag for new reactors at Vogtle Plant in Georgia climbs past $30 billion
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IEEFA U.S.: Price tag for new reactors at Vogtle Plant in Georgia climbs past $30 billion

Delays, mismanagement, overruns may leave Georgia Power ratepayers with enormous cost burden

January 20, 2022 (IEEFA)—Once estimated at more than $14 billion, the price tag for two new reactors at Georgia Power Company’s Plant Vogtle site has now climbed past $30 billion, and both units will be more than six years late in coming online, according to a report by the Institute for Energy Economics and Financial […]

EPA tells coal-fired plants to quit dumping ash in unlined storage ponds

Associated Press: The Environmental Protection Agency is taking its first major action to address toxic wastewater from coal-burning power plants, ordering utilities to stop dumping waste into unlined storage ponds and speed up plans to close leaking or otherwise dangerous coal ash sites. Plants in four states will have to close the coal ash ponds […]

January 12, 2022 Read More →

Wastewater treatment rules forcing coal-fired plant closures in U.S.

Associated Press: Climate change isn’t what’s driving some U.S. coal-fired power plants to shut down. It’s the expense of stricter pollution controls on their wastewater. Dozens of plants nationwide plan to stop burning coal this decade to comply with more stringent federal wastewater guidelines, according to state regulatory filings, as the industry continues moving away […]

November 24, 2021 Read More →

Georgia Power issues request for 1 gigawatt of renewable proposals

PV Magazine: Georgia Power, utility to over 2.6 million customers, issued a request for proposal (RFP) for 1030 MW of new renewable energy generation. Applicable projects will be 3 MW or greater in size, and would reach in-service dates in 2023 and 2024. The utility has 2700 MW of active renewable energy in its portfolio, […]

November 9, 2021 Read More →

Southern to close 5,500MW of coal-fired capacity by 2030

EnergyWire ($): Southern Co. announced yesterday that it will shutter roughly 55 percent of its coal fleet by the end of the decade as the company shifts to a net-zero electricity mix. The closures include units at the nation’s two largest coal-fired power plants, as well as the previously announced Plant Daniel, one of the […]

November 5, 2021 Read More →

Georgia Power gets green light for 65-megawatt battery storage system

Energy Storage News: US utility company Georgia Power has approval from regulator Georgia Public Service Commission (PCS) for the first project in its 80MW portfolio of ‘build, own, operate’ standalone battery energy storage systems (BESS).  The company said yesterday that approval has been granted for Mossy Branch Battery Facility, a 65MW / 260MWh asset which […]

October 8, 2021 Read More →

Vogtle reactor start dates delayed again, costs rise another $460M

Reuters: Southern Co’s (SO.N) Georgia Power unit on Thursday said it delayed the start dates for two reactors under construction at the Vogtle nuclear plant in Georgia and that its share of the cost would rise by $460 million to an estimated $9.2 billion. Georgia Power, which owns 45.7% of Vogtle, said Unit 3 was […]

July 29, 2021 Read More →

US clean electricity standard could save 317,500 lives by 2050

S&P Global Market Intelligence ($): A nationwide clean power standard requiring 80% of U.S. electricity to come from carbon dioxide-free sources by 2030 would save hundreds of thousands of lives and sharply improve air quality while combatting climate change, according to a new study released July 12. The analysis, which the authors claimed was the […]

July 13, 2021 Read More →
IEEFA U.S.: South Carolina regulators reject Duke’s gas-dependent integrated resource plan

IEEFA U.S.: South Carolina regulators reject Duke’s gas-dependent integrated resource plan

Regulators in North Carolina should follow suit, require changes to Duke Energy’s inadequate IRP

July 8, 2021 (IEEFA) ⎼ South Carolina regulators last month rejected Duke Energy’s integrated resource plan (IRP), directing the utility to resubmit its proposal after incorporating nearly a dozen significant changes and new analyses. Many of these changes had been proposed by a broad group of participants in the IRP process and were recommended in […]

Court battle looms over Alabama Power rooftop solar surcharge

Al.com:  Alaska has more residential solar installations than Alabama. So does Rhode Island, Delaware, Mississippi and every other state except North and South Dakota. Georgia has 10 times as much residential solar as Alabama, and South Carolina has 17 times as much as Georgia. But that could change soon for Alabama. For years, solar advocates […]

June 29, 2021 Read More →