Wilson, the Libertarian candidate in the district race, said he supports more nuclear power if additional energy generation is needed, but he said Georgia Power shouldn’t be allowed to profit more as a result of overruns on the Vogtle project. Donn Dears Construction at Vogtle has been dogged by delays since its start. Consumers push for rates they believe are fair and affordable. A report from the GPSC in April of this year estimated cost overruns at Vogtle at nearly $ 4 billion. But some approvals are still required before costs can be passed along. The state A recent report from the consultants—William Jacobs, Jr., the project’s independent construction monitor since 2009, and Steven Roetger, the GPSC’s lead analyst for the project—to the Georgia Public Service Commission (GPSC) said the Vogtle project, already billions of dollars over budget and years behind schedule, is not economically viable, with a recommendation it should be abandoned. News & Technology for the Global Energy Industry. An estimate from Morgan Stanley in March came in at nearly $6 billion in overruns for Vogtle and nearly $12 billion for Summer. Robert Michaels In other words, with Vogtle, I suspect a lot of the overrun costs aren’t just attributable to mistakes in execution. Originally expected to cost about $14 billion and go into service in 2016 and 2017, the project has encountered numerous delays and cost overruns … Shaw said he has dug deeply into complex energy issues and puts consumers first in his decisions. When you dig into the ballooning cost differentials you find a significant indirect cost associated exclusively with risk. When you visit Clarion Events (and our family of websites), we use cookies to process your personal data in order to customize content and improve your site experience, provide social media features, analyze our traffic, and personalize advertising. In an interview with Reuters, she said “But the unknown question is, ‘How long is it going to take for Southern Co. to pull the plug?’”, Georgia Power CEO and President Paul Boyers in a statement last week said the utility “will work with the Georgia Public Service Commission to determine the best path forward for our customers.” Jacob Hawkins, a spokesman for Georgia Power, told reporters last week that the utility continues to review the construction schedule, and said any additional delays and costs were based on hypothetical scenarios. Westinghouse officials have not commented on the report to the GPSC, although they have continued to say that costs for the company’s U.S. nuclear projects have been “far surpassing estimates.”. The “That’s not how we treat the working class. On one side is the state’s powerful, politically connected electric company. with financing and encouragement from the U.S. Department of Energy. That includes setting rates charged by Georgia Power and sister company Atlanta Gas Light. The latest completion deadlines for the two new units—December 2019 and September 2020—already put the project more than three years behind schedule. Georgia’s public service commissioners are often caught in a vise. Shaw is running against Robert Bryant, a 42-year-old Savannah Democrat who previously held higher education management positions, and Elizabeth Melton, a 53-year-old Columbus Libertarian and freelance technical writer. Not designers. Vogtle 3 and 4 expansion has overcome numerous roadblocks along its nearly decade-long path, including cost overruns and the bankruptcy of initial EPC contractor Westinghouse. Higher class – three months, including two extra agency reviews. Rates are expected to increase further when more costs of the company’s nuclear expansion of Plant Vogtle are included in customer bills. The bankrolls many suppliers work to accumulate are admittedly insufficient (or most likely insufficient) to battle more severe litigation, were it to happen. Scarce means to unlimited ends necessitates economy to do as much with our limited resources as possible. Since this is comparing a half-built nuclear plant against the full cost of gas plants, the analysis unsurprisingly shows the better option is finishing the nuclear units. A recent report from the consultants—William Jacobs, Jr., the project’s independent construction monitor since 2009, and Steven Roetger, the GPSC’s lead analyst for the project—to the Georgia Public Service Commission (GPSC) said the Vogtle project, already billions of dollars over budget and years behind schedule, is not economically viable, with a recommendation it should be abandoned. The final major module needed for the Vogtle units 3 and 4 nuclear power project has arrived at the $25 billion construction site in Georgia. Thus, all 1,485 major modules required to complete the Vogtle construction are built and on site, according to the report. Rep. Jason Shaw appointed by Gov. Georgia Power officials say the utility continues to work with its partners in the troubled Vogtle nuclear plant to firm up construction timelines and determine the costs to complete two new units at the facility. A report from the GPSC in April of this year estimated cost overruns at Vogtle at nearly $4 billion. Photo courtesy of Wilson's campaign. Originally expected to cost about $14 billion and go into service in 2016 and 2017, the project has encountered numerous delays and cost overruns … of 58 cubic yards of concrete forms a 2-foot-thick floor in support of the More ratebase also means more local tax collection. Learn how your comment data is processed. Vogtle #3 and #4 started at $14 billion. ownership, which also includes Oglethorpe Power, the Municipal Electric Authority Daniel Blackman, a Forsyth County Democrat, is running for a seat on the Georgia Public Service Commission. Prefabrication was part of Westinghouse’s approach to its AP1000 reactors that the company said would make construction not only less expensive but also safer. run into multiple snags along the way, including cost overruns and One system was benign (not related to the primary reactor loops), the other was considered high requirement (injected liquid into the primary loop). The report said that four core activities fell an average of 325 days further behind schedule in the past year. One of the excuses for delay is that there is slow approval by the Nuclear Regulatory Commission for completed and changed designs. So, I suspect in the case of Vogtle and its doppelganger in China, there are different entanglements below the surface as well as obvious ones. Georgia Power’s latest report to state regulators indulges in self-praise, shifts blame for growing problems, and employs misleading analysis. Head Package (IHP) on its stand on the operating deck inside the Unit 4 Georgia Power’s residential rates and fees per kilowatt-hour remained below the national average last year, according to analysis of U.S. Energy Information Administration data. Throughout the report, Georgia Power repeatedly assures that the project is “safe, clean, reliable and affordable.” Presumably, this applies to the cost overruns as well. guarantees for the project. All rights reserved. Despite whoever ends up paying for this, it is an addition to the total cost of the facility. Marlo Lewis Find previews of key local, state and congressional races, plus everything you need to know about Georgia’s new voting machines and your different options for casting your ballot at ajc.com/voter-guide, Two seats are up for vote on the Georgia Public Service Commission, the body that regulates rates of Georgia Power and sister company Atlanta Gas Light. In each of these six-month reports, the Company has placed great emphasis on the cost-to-complete analysis. McDonald said he continues to support the project as a long-term, stable generator of carbon-free energy. With more than 800 The boogeyman of potential ‘nuclear catastrophe’, whose eventuality is highly debatable (especially how much it has ever really occurred) gives license to all kinds of risk feeders to enrich themselves, beginning with activism at the first notion of a project’s life, through every possible event during construction and operation, ending in the decommissioning and disposal. The report estimated the additional cost to Georgia Power to complete Vogtle construction at $ 3 billion. In addition, several milestones for But the money certainly is sound in the most pure actuarial sense. The Vogtle project has been plagued by cost overruns, delays, and the bankruptcy of Westinghouse, the project’s original contractor, and caused many to examine whether the project should be completed. As with so many huge projects burdened with increasing federal regulatory entanglements, much of the problem is below the surface and attributable to another key factor. To determine if customers are better off, an analysis must be made comparing the two options at full cost for each–if for no other reason than Vogtle being the Never Again poster child for nuclear. Unit 4 would be finished between Feb. 2022 and March 2023. More ratebase also means more local tax collection. SACE said its estimate is based on the report from the consultants to the GPSC, and incorporates a scenario in which the plant is further delayed by the Westinghouse bankruptcy and does not begin operations until 2022, three years behind its current schedule. Weekly Climate and Energy News Roundup | Watts Up With That? Not builders. Units 3 and 4 were originally expected to be completed at a cost of $14.3B and were scheduled to be online in 2016 and 2017, respectively. In a filing Two identical valves were needed among other things. Late last month, Georgia Power (Southern Company) filed its eighth semi-annual report on the construction progress of its 2,240-MW two-unit Vogtle nuclear plant to the Georgia Public Service Commission (GPSC). Elizabeth Melton is running as a Libertarian for the Georgia Public Service Commission in District 1. Nathan Deal to fill the unexpired term of a commissioner who resigned. Sarah Cassella, a spokeswoman for Westinghouse, in a statement to reporters in May said the company is “committed to the AP1000 power plant technology” and is moving forward with plant construction in China, with an expectation of bidding for projects elsewhere outside of the U.S. Unit 1 at Plant Vogtle, in eastern Georgia near the border with South Carolina, began commercial operation in May 1987.

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