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vogtle 3 and 4 cost

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The free newsletter covering the top industry headlines, By signing up to receive our newsletter, you agree to our, Midwest Renewable Energy Association, 7558 Deer Road, Custer, WI, • To batteries and beyond: Lithium-ion dominates utility storage; could competing chemistries change that? Vogtle Units 3 & 4 are notoriously over budget, and their construction has been delayed for years. The owners wouldn't pay all of that $25 billion themselves. By choosing “I Agree”, you understand and agree to Clarion’s Privacy Policy. “Oglethorpe is still analyzing the need to rebuild its contingency, based on this new estimate-to-complete forecast provided by Georgia Power and Southern Nuclear,” the company reported. The new reactors, each 1,100-MW AP1000 Westinghouse models, will be Units 3 and 4 at Vogtle. In June, Toshiba agreed to pay the owners $3.68 billion whether the plant is completed or not. The generation units are expected to go online in November 2021 and 2022, respectively, generating emissions-free electricity for about 500,000 owners. … Plant Vogtle units 3 and 4 will be the first new nuclear units built in the United States in the last three decades. If Southern chooses to forge ahead, it expects to finish Unit 3 of Vogtle between Feb. 2021 and March 2022. The AP1000 is the only Generation III+ reactor to … Southern plans to present a recommendation to regulators on whether to complete the Vogtle plant later this month. The earliest in-service dates for the two reactors have now been pushed back to Feb. 2021, and Feb. 2022, respectively. When first proposed, Southern planned to finish the reactors in 2019 and 2020, respectively. included placing four step-up transformers at the site earlier this year. The total cost of the Vogtle nuclear plant expansion is likely to top $25 billion dollars and could reach over $27 billion, according to a Southern Co. filing with the Securities and Exchange Commission. According to Southern's most recent 8-K filing with the SEC, its subsidiary Georgia Power has already spent $4.5 billion on the nuclear plant expansion. At a subsequent regulatory hearing on the plant, SCANA CEO Kevin Marsh said the Trump White House failed to respond to requests for support of the nuclear project. MEAG Power also owns more than 22 percent of the project, according to reports. Earlier this week, Georgia Power revised cost estimates for its share of Vogtle construction from $7.3 billion to $8.4 billion. A Southern Co. spokesperson confirmed the cost calculations but said the company could not speak to other owners' costs. But larger questions remain around the infrastructure and policies to support it. the bankruptcy of contractor Westinghouse, omes only eight months after a previous tabulation. New cost numbers from Southern are building concern across the power sector that the Vogtle plant could meet the same fate as V.C. If Southern chooses to forge ahead, it expects to finish Unit 3 of Vogtle between Feb. 2021 and March 2022. Its subsidiary, Westinghouse, was a main contractor on both the Vogtle and Summer plants and went bankrupt earlier this year amid delays and cost overruns at the plants. We value your privacy. “As a result, at this time, OPC cannot provide a specific amount for its revised budget post-contingency. “The review for further downgrade reflects the near-term risk that one or both of the key co-owners (Oglethorpe Power Corp. and MEAG Power) will decide to opt out of the project as allowed under the amended ownership agreement,” the ratings firm noted. Xcel Energy to invest $1.4 billion in renewables projects, retire Minnesota coal: company, Puget Sound Energy's Colstrip coal plant sale falls through, The Role of Integrated Video Telematics in Driver Safety and Fleet Efficiency, How to Future-Proof Your Utility for Whatever Comes Next, Energy Storage North America & Intersolar North America, Securing Faster Payments: Addressing the Account Validation Rule, Hawaiian Electric Pioneers Use of Climate Data, PVpallet, a New Way to Handle Solar Modules. Topics covered: smart grid tech, clean energy, regulation, generation, and much more. The unit of utility holding company Southern Co. reported that more than 7,000 workers are onsite continuing construction efforts for the Vogtle 3 & 4 units. The industry is growing increasingly comfortable with lithium-ion, but its limitations open up a space for other technologies to compete in the storage mix. It took over project management for Vogtle after the bankruptcy of contractor Westinghouse in 2017. Summer plant, the only other nuclear facility being built in the country. Discover announcements from companies in your industry. Now with the Covid-19 Pandemic, and these newly uncovered flaws, the construction will slow further as a complete safety review must be conducted to ascertain whether the ‘basemat foundation’ meets the foundation integrity demanded for a nuclear island (NI). What Is the Clean Energy Industry Doing to Confront Racism? In web page on the project, Southern Co. noted that electricity demand in the southeast U.S. is expected to grow 21 percent by 2025 and that Vogtle’s new output would provide millions of clean-emitting MWh.

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