| |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Showing posts with label Vogtle. Show all posts
Showing posts with label Vogtle. Show all posts
Thursday, December 21, 2017
The Night The Lights Went Out In Georgia | Fairewinds Energy Education
Saturday, August 5, 2017
New U.S. reactor construction collapses because it's “prohibitively expensive”: the fight for justice continues | Beyond Nuclear
South Carolina electric utilities have scrapped finishing construction for two half-built Westinghouse reactors admitting that nuclear power is “prohibitively expensive.” The abandonment of the V.C. Summer Units 2 and 3 in Jenkinsville, SC comes with an estimated $11 billion in sunk costs and still projected six years from completion. The cancellation adds to the growing number of tombstones for once championed “milestones” in an atomic power revival. The inability to control the “cost-of-completion” and “time-to-completion” is the fundamental economic failure behind this recent collapse of the nuclear industry. In fact, these same reasons were featured in a 1985 Forbes magazine cover story “Nuclear Follies” describing the development of commercial atomic power as “the largest managerial disaster in U.S. business history where only the blind and the biased can say the money was well spent.”
There is not one nuclear power project in the United States that has ever been built on budget and on time, only more or less grossly out of proportion. The country is littered with the abandoned hulks of the 20th Century’s "nuclear error” including Seabrook Unit 2 in New Hampshire, Shoreham in New York, Midland in Michigan, the “Whoops” reactors in Washington, Bellefonte in Alabama, Marble Hill in Indiana and Zimmer in Ohio. These sites stand as monuments to nearly 100 more cancelled construction projects.
The recent collapse of V.C. Summer 2 &3 now weighs heavier on the only remaining new reactor construction in the U.S. at Vogtle units 3 and 4 in Waynesboro, Georgia. With the bankruptcy of Westinghouse Electric and still mounting financial trouble for its Japan-based parent company Toshiba, Southern Company and Georgia Power were handed the dubious oversight and management of construction by the U.S. Department of Energy for the two Westinghouse reactors still being built there. The fate of the Vogtle boondoogle is still uncertain even with Toshiba giving $3.7 billion to Southern Company to contractually cut loose of the project and spread the cost out over more owners. Just how much and how long it will take to complete the untested design remain inescapable questions. Southern Company's new projected cost-of-completion for Vogtle has balloned to $25 billion. Southern is under pressure to tell the Georgia Public Service Commission by end of 2017 whether it plans to go forward with completion of the Vogtle expansion. The decision could come as early as the end of August 2017.
The repeated and predictable economic failure of atomic power sends an ever direr warning of the shear folly in wasting billions more dollars and decades longer only to predictably fall short in the challenge to abate climate change. Again, nuclear power is exposed as an unreliable partner in any “energy mix” with renewable power from the wind and sun, energy efficiency and conservation. Nuclear power, new and old, only serves to divert and deplete necessary resources and squander the precious little time that remains.
The collapse of the nuclear industry further lay bare the economic and environmental justice struggles still ahead to hold corporations accountable to greed, fraud and desecration.
Accolades are much deserved to the environmental and consumer protection groups that have been involved from the beginning with the proposed Summer and Vogtle expansions. These same organizations are now demanding ratepayer restitution and protection from still more fleecing.
As Tom Clements, South Carolina’s advisor to Friends of the Earth (FoE) puts it, “The decision to abandon the V.C. Summer project is of monumental proportion and is a full admission that pursuit of the project was a fool’s mission right from the start.” According to Clements, the abandonment of construction now portends a fight for economic justice where, “Rather than applauding the decision this is a time for reflection and to prepare for formal proceedings before the PSC that will review how this debacle happened and how to refund ratepayers money due to a string of imprudent decisions.”
Sara Barczak with the Southern Alliance for Safe Energy (SACE) is wondering how much longer it will take Southern Company to pull the plug on Vogtle 3 and 4. Still she continues the call for “stopping the forced draining of customers’ wallets” there. Indeed, as Barazk observes for V.C. Summer, “A very costly door has closed on the so-called nuclear renaissance” and the awaited announced cancellation of Vogtle 3 and 4.
Beyond Nuclear - Home - New U.S. reactor construction collapses because it's “prohibitively expensive”: the fight for justice continues
Labels:
#BustTheMyth,
#RE_TOOL NOW,
business,
economics,
finance,
FOE,
new nukes,
nuclear power,
nuclear renaissance,
nuclear summit,
SACE,
US,
V.C. Summer,
Vogtle,
Westinghouse,
Westinghouse-Toshiba
Monday, April 24, 2017
'Last Gasp of Dying Industry': Nuclear Experts Decry First New US Reactor in 20 Years | Common Dreams
Watts Bar's launch is "a symbolic gesture. It's very sad that this is the last gasp of the industry because it looks like such an extraordinarily dumb one"
The Watts Bar 2 reactor, which began construction decades ago but faltered, only picking up again in the last four years, is now producing electricity for 650,000 homes and businesses, the Chattanooga Times Free Press reported.
At $4.7 billion, the project is "arguably one of the most expensive, most over-budget, oldest reactors to be started in human history," Friends of the Earth senior strategic adviser Damon Moglen told Common Dreams on Thursday. "It's a testament to the failure of the nuclear industry, rather than the resurgence."
"It's the last gasp of the nuclear industry trying to prove they are still alive in the sense of opening new reactors," Moglen said. "There is just absolutely no justification for the stunning sums of money and time and energy poured into this reactor" instead of renewable, cost-competitive energy…
"One can purchase lots of renewable energy sources for $6 billion"
more: 'Last Gasp of Dying Industry': Nuclear Experts Decry First New US Reactor in 20 Years | Common Dreams
Friday, January 15, 2016
Olsen: Nuclear shouldn't be the future of energy | Journal Times
...New nuclear is prohibitively expensive. They are trying to finish two new reactors at Vogtle in Georgia. It will be at least $18 billion. Here is the real cost data from Vogtle. Vogtle will double or triple the cost ratepayers pay if the plant ever starts up, but since they are already billing ratepayers during construction, they are on the hook, even if it doesn't start up...
Pause
Current Time0:00
/
Duration Time0:00
Loaded: 0%
Progress: 0%
0:00
Fullscreen
00:00
Unmute
...The $18 billion Vogtle plant could be replaced with solar PV for the cost of around $4 billion. Why have so many been blinded by science, the lure of the sexy science of nuclear, which was founded on lies out of the gate, and is even more so when we see the massive costs necessary to make new nuclear even "pretty safe?"
complete: Olsen: Nuclear shouldn't be the future of energy
Labels:
#BustTheMyth,
#RE_TOOL NOW,
economics,
new nukes,
politics,
US,
Vogtle
Tuesday, December 29, 2015
Looking back–for just one day | GreenWorld
![]() |
| Still got a long way to go….Vogtle Units 3 (left) and 4, July 30, 2015. |
At GreenWorld, we like to look forward. Forward to the day that nuclear power is a bad but fading memory and our planet is powered as safely, cleanly and affordably as possible with renewable energy and advanced 21st century efficiency, storage and grid technologies. Forward to that day of a nuclear-free, carbon-free energy system.
It’s a day that we believe is coming, and is coming sooner than could have been believed even five years ago. But while we believe that day is inevitable, the timing is important: if it comes too late to turn back the worst effects of climate chaos, then its inevitableness won’t matter. And it won’t come on its own in time. As we’ve said here often, it will take all of us who believe in that future to act to bring it about in time.
Nor will that day just suddenly happen. It is the product of a transition, a transition that already has begun but that is still in its infancy and whose stumbling steps could be blocked or halted for years or even decades at any time. Chronicling–and urging along–that transition is the purpose of GreenWorld. So, naturally, we tend to look forward.
As we enter our third year of publication next week, however, it is appropriate to both look back for just one day and to turn our focus toward you, our readers. Who you are, and, of the 89 posts we published last year (about 1.7 per week, if you’re counting) on topics ranging from solar power in Indiana, Fukushima’s aftermath, the growing interest and viability of electricity storage highlighted by Tesla’s release of the consumer-oriented PowerWall, Russia’s increasingly aggressive efforts to market nuclear power abroad, to continuing coverage of the economically threatened reactors owned by Exelon, Entergy and FirstEnergy, what you found most interesting in 2015.
The most-read article on GreenWorld this past year pretty much sums up the state of nuclear power in 2015. Titled Vogtle: at $65 billion and counting, it’s a case study of nuclear power’s staggeringly awful economics, the piece examines the cost overruns and construction delays of America’s symbol of the “nuclear renaissance.” While the focus of the piece is on the Vogtle reactors being built, slowly and expensively, near the Georgia/South Carolina border, the fundamental conclusion–that the economics of not only Vogtle but nuclear power generally don’t add up, that nuclear reactors are not only too costly to build but even to operate–permeated throughout GreenWorld, and the real world, during the year...
more: Looking back–for just one day | GreenWorld
Labels:
#BustTheMyth,
#DontNukeTheClimate,
economics,
GreenWorld,
new nukes,
NIRS,
Russia,
Vogtle
Sunday, December 27, 2015
Gunter: Cheap? Clean? Nuclear power is neither - Roanoke Times: Letters
The audacity of Michael Leigh to describe nuclear energy as cheap, clean and safe was breathtaking ("Want cheap, clean fuel? Go nuclear," Dec. 13 commentary)
Construction costs for a single new nuclear power plant are ballooning to $12 billion. They are so expensive that the owners won’t even pay for them. Those now under construction in Georgia and South Carolina are being subsidized in advance by ratepayers...
Leigh would like to keep Virginia pristine. He presumably favors the continued ban there on uranium mining. But the fuel for his nuclear plants will have to come from somewhere. Mining and processing uranium not only adds to the costs that Leigh omits, these processes release CO2, radiation and heavy metals into the environment, and consume vast quantities of often scarce water supplies.
Costs of decommissioning are also estimated in the billions of dollars. Nuclear power never was and never will be "too cheap to meter...”
MORE: Gunter: Cheap? Clean? Nuclear power is neither - Roanoke Times: Letters
LINDA PENTZ GUNTER
International Specialist at
Beyond Nuclear www.BeyondNuclear.org
TAKOMA PARK, MD
Labels:
#BustTheMyth,
Beyond Nuclear,
economics,
new nukes,
US,
Vogtle
Saturday, June 27, 2015
Feds Finalize $8.3 Billion in Taxpayer-Backed Loan Guarantees for Over Budget, Significantly Delayed Vogtle Nuclear Reactors as Alleged “Benefits” to Georgia Power’s Customers Have Eroded, Experts Say | SACE | Southern Alliance for Clean Energy
Atlanta, Ga. (June 24, 2015) ///PRESS RELEASE/// On the heels of Tuesday’s all-day public hearing on the 12th semi-annual Vogtle Construction Monitoring (VCM) report (Docket 29849) at the Georgia Public Service Commission (PSC), which underscored more schedule delays and at least $1.4 billion in cost increases just for Georgia Power’s share of the two Toshiba-Westinghouse AP1000 nuclear reactors under construction at Plant Vogtle near Waynesboro along the Savannah River, the Department of Energy (DOE) issued the remaining $1.8 billion in federal loan guarantees to MEAG, a utility partner in the project. Despite testimony from the PSC Public Interest Advocacy (PIA) staff expert witnesses that identified at least an additional 3-month delay, constituting a 3 1/2 year overall project delay, and stressed that significant obstacles remain that could further derail the schedule, the DOE finalized the remaining portion of the $8.3 billion loan guarantee.
more: Feds Finalize $8.3 Billion in Taxpayer-Backed Loan Guarantees for Over Budget, Significantly Delayed Vogtle Nuclear Reactors as Alleged “Benefits” to Georgia Power’s Customers Have Eroded, Experts Say | SACE | Southern Alliance for Clean Energy
Subscribe to:
Posts (Atom)






