The first US nuclear plant being built in a generation tumbles further into a perfect storm of cost overruns, delays, corporate bungling and an uncertain future, as documented last week by a career nuclear engineer monitoring the project for Georgia regulators.
This is not a critique of the proposed nuclear power plant in Levy County. Let the engineers, watchdogs and investors debate the details of that plan. This is about something simpler. In some ways, something far more important. This is about credibility.
Groups from 5 merger states urge NC hearings; WARN calls for sunshine on 15 secret deals and for attorney general to investigate backroom pressure over SC nuclear project.
See NC WARN’s motion
See NC WARN’s letter to Attorney General Roy Cooper
Watchdog group will urge North Carolina regulators to reject any SC effort to hitch merger approval to Duke’s investment in problematic nuclear project.
Regulators who detected nonconforming rebar at Vogtle Nuclear Power Plant’s expansion site didn’t have to go far to find a similar problem at the V.C. Summer project in nearby South Carolina.
Although it is heavily redacted, I encourage reporters to read Dr. William Jacobs’ testimony to see the very damning verbage on many fronts, which give lie to industry claims the project is going well. This complicated construction project is a mess and it’s getting worse.
The second new nuclear power project underway in the U.S. has suffered at least $560 million in construction cost overruns according to a report filed today by plant owner SC Electric & Gas.
The three nuclear construction projects underway in the U.S. are already suffering huge cost overruns, delays, and uncertainty about completion.
Even though the Vogtle reactor project got its federal license just three months ago, the controversial nuclear reactors are already in trouble. The latest problem: A cost overrun of nearly $1 billion in 2011 dollars, according to groups that warned in February that the Vogtle expansion effort is a boondoggle that could hurt ratepayers and (depending on the status of a pending Solyndra-style federal loan guarantee) U.S. taxpayers.
A higher price tag for a nuclear project – The New York Times, May 11, 2012
Vogtle nuclear project facing $900 million in cost overruns – NPR Atlanta, May 11, 2012
An oft-repeated jibe against renewable energy sources like wind and solar power by (usually) smug nuclear power proponents is, “What are you going to do when the sun don’t shine and the wind don’t blow?”
Your contribution is tax-deductible.