Vogtle Plant

More News and Commentary

Delays and costs rise again at troubled Vogtle Nuclear Plant

Wall Street Journal ($):  The only nuclear-power plant under construction in the U.S. is facing delays and additional costs. Again. Earlier this week, an engineering expert working for the Georgia Public Service Commission testified that the startup of the Alvin W. Vogtle Electric Generating Plant would likely be delayed until the summer of 2022 and […]

June 9, 2021 Read More →

Solar, wind replacing nuclear, according to 2021 U.S. power plans

S&P Global Market Intelligence: Nearly one-third of the power generation resources planned to come into service in the U.S. in 2021 is located in the Electric Reliability Council Of Texas Inc. market, according to an S&P Global Market Intelligence analysis. Overall, 63,667 MW of new resources are projected to come into service, while 10,693 MW […]

April 27, 2021 Read More →

Florida muni calls for cancellation of Vogtle reactor project

S&P Global Market Intelligence ($): The Jacksonville, Fla., municipal utility is ramping up efforts to exit a power contract tied to the Vogtle nuclear plant expansion, with JEA’s interim CEO calling on the project’s owners to vote against continuing construction at the venture. JEA is in a power purchase agreement, or PPA, with the Municipal […]

August 22, 2018 Read More →

IEEFA update: Vogtle nuclear reactor, a runaway project nobody needs

In announcing earlier this month that Southern Company was raising its subsidiary Georgia Power’s share of the already-too-expensive and long-delayed Vogtle nuclear project by $1.1 billion, CEO Tom Fanning increased the utility’s 45.7 percent stake in the plant to $8.4 billion. It seems a highly misguided move. While Fanning continued to defend the roughly 2,234 […]

August 17, 2018 Read More →

Underperforming U.S. Utility CEO Devoted to Coal and Nuclear Remains Buoyant

Bloomberg News: Tom Fanning is the only energy executive in America willing to bet billions on nuclear power. The chief executive officer of utility giant Southern Co. is renowned for his boundless optimism, which he generously spreads around. He’s chair of the Federal Reserve Bank of Atlanta, co-leader of one industry group and a former […]

December 12, 2017 Read More →

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

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 →