Georgia’s nukes: ‘We’ll go on’

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Is it a ray of light for V.C. Summer?

By ROBERT MEYEROWITZ

The Georgia Power Company told Georgia regulators today that it wants to finish two nuclear reactors under construction in the state.

It’s now the sole new nuclear construction in the U.S., since South Carolina’s SCANA and Santee Cooper abandoned construction of two V.C. Summer reactors July 31, and Duke Energy abandoned planned construction of its Lee nuclear plant in Cherokee County, August 25.

Duke has also said it wants no part now of the V.C. Summer project.

The Georgia Power project, Plant Vogtle, near Waynesboro, Georgia, features two reactors, using the same Westinghouse AP1000 proprietary design and technology as what had been underway at V.C. Summer.

The reactors would come online in 2021 and 2022, at a cost of $19 billion, according to the company’s filing with the Georgia Public Service Commission. That’s an expensive bet on electricity generation.

Georgia Power is a subsidiary of the publicly-traded Southern Company. It owns 45.7 percent of the project, with the rest divided among other utilities.

Mike Couick, who heads the association of South Carolina electric co-ops, Santee Cooper’s biggest customer, speculated recently that if Southern could finish Vogtle, maybe it could take over V.C. Summer.

The Augusta Chronicle has a good account of the Georgia Power filing here.

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  • Paxus Calta

    There is no way this project is going to cost $19 billion and Southern Company knows it. This is a low ball designed to make it easier for the PSC to say yes. And just like they did for the past 4 years, the project will be over budget and delayed, the rate payers will be ripped off and Fanning (Southern Company CEO) will continue to get bonuses and raises for mismanagement. Georgia should follow Duke’s example, cancel the reactors and build solar installations instead. Fanning should be fired for this crime against the ratepayers of Georgia.

    https://funologist.org/2017/08/31/the-wrong-president-got-fired/

    • Robert Meyerowitz

      Although $19 billion alone is a confounding amount in terms of cost-efficiency for rate payers.

  • cc

    I assume the customers are pre paying for these reactors like they did in South Carolina.

    • Robert Meyerowitz

      That seems to be the gist of Georgia Power’s request to Georgia regulators yesterday.