Or then again, maybe not: State watchdog says Georgia nuke expansion might be delayed

The piece I just posted on the impending approval of the two new units at the Vogtle nuclear power plant in Georgia might have been ‘happy talk’ by Georgia Power’s parent company, Southern Co. They may have been attempting to blunt any worries raised by a report issued by the Georgia Public Services Commission’s construction monitor earlier this week. As Bloomberg Businessweek reported yesterday:

The Southern Co. continues to face “significant challenges” building the country’s first brand-new nuclear plant on time and without exceeding its share of the roughly $6 billion budget, a state watchdog said in a report released Monday.

Vogtle is already considerably behind schedule, according to the report:

Company officials planned to have the first of the new reactors effectively complete by April 2016, but that schedule has now slipped five months, said nuclear engineer William Jacobs Jr., a construction monitor for the Public Service Commission, in his report. Many of Jacobs’ concerns were essentially unchanged since he issued similar findings in June. The project is being built using borrowed money, so construction delays might increase financing costs and ultimately raise the pricetag for utility customers.

So far, the companies building the expanded Plant Vogtle have failed to meet many key deadlines, Jacobs said. Georgia Power officials are now considering whether the construction schedule can be compressed to make up for lost time.

Here’s a link: http://www.businessweek.com/ap/financialnews/D9RF27G80.htm

 

Advertisements

About Robert Singleton

By day, I work for a call center. In my spare time, I try to save my hometown (and planet) from a nearly constant onslaught of greedheads, lunatics and land developers. I live in a fictional town called Austin, Texas, where I go to way too many meetings.
This entry was posted in Construction delays, Expansion, Nuclear Regulatory Commission, Vogtle and tagged , , , , , , . Bookmark the permalink.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s