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.
Problems with New Reactors
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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
Southern Company presses NRC for expedited license amendment to avoid further slippage at Vogtle, construction of “nuclear island” not yet underway.
This is big. The $8.3 Billion taxpayer loan for construction of two new reactors at the Vogtle site in Georgia, the centerpiece of the Obama Administration’s support for the “nuclear renaissance,” may be blocked–by the Obama Administration.
This Friday, the NRC is expected to approve a Construction and Operating License for two Westinghouse AP1000 reactors at the VC Summer nuclear plant in South Carolina. The project, being developed by South Carolina Electric & Gas, is likely to hinge on Duke Energy and/or Progress Energy buying into it after a COL is issued.
Who gets soaked? Taxpayer loan guarantees pending as contractors begin feeding frenzy on cost overruns due to long-standing and new design problems.
Industry group spreading falsehoods about viability of controversial nuclear project.