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Energy Net

Former NRC Chairman Dr. Dale E. Klein Elected to Southern Company Board of Directors - ... - 0 views

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    "Dr. Klein served as chairman of the NRC from July 2006 to May 2009 and as a commissioner until March 2010. Prior to his service on the NRC, he served as the assistant to the secretary of defense for Nuclear, Chemical and Biological Defense Programs from November 2001 to July 2006

    Southern Company Chairman, President and CEO David M. Ratcliffe has announced the election of Dr. Dale E. Klein, 62, to the Southern Company board of directors. A former chairman of the U.S. Nuclear Regulatory Commission (NRC), Dr. Klein is currently the associate vice president of research and associate director of the Energy Institute at The University of Texas at Austin."
Energy Net

Work Stopped On Nuclear Reactors | Georgia Public Broadcasting - 0 views

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    "The construction contractor for Plant Vogtle, Shaw Group, temporarily stopped work after an internal audit showed new employees weren't given a questionnaire about their past or current abuse of drugs and alcohol.

    A Shaw spokesperson said employees were asked the questions verbally. "
Energy Net

Georgia Power request tops $1 billion  | ajc.com - 0 views

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    "Georgia Power wants to raise rates by $1.02 billion over 26 months starting in January, eventually pushing up a typical family's power bill by nearly $18 per month.

    The phased increase would start with a $615 million hike in January, adding $10.88 to a typical monthly residential bill, or about 10 percent. Five smaller increases would follow, the last in February 2013.

    The company laid out its request Thursday in a filing to the state Public Service Commission, which will hold hearings in coming months before a vote Dec. 21.

    The increases would be on top of special charges already approved by the PSC to help Georgia Power pay for two new nuclear reactors at Plant Vogtle. Those charges will add about $1.30 to bills next year, with that amount growing to about $9 a month in 2017."
Energy Net

Southern Company, DOE Agree to Conditional Nuclear Loan Guarantee Terms - PRNewswire - ... - 0 views

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    "Southern Company Chairman, President and CEO David M. Ratcliffe today announced that the company's Georgia Power subsidiary has reached an agreement with the U.S. Department of Energy (DOE) to accept terms for a conditional commitment for loan guarantees.

    (Logo: http://photos.prnewswire.com/prnh/20080801/SOCOLOGO )

    (Logo: http://www.newscom.com/cgi-bin/prnh/20080801/SOCOLOGO )

    "This will provide Georgia Power customers significant savings," said Georgia Power President and CEO Mike Garrett.

    President Obama and DOE Secretary Steven Chu announced the award of the conditional loan guarantees to Georgia Power on February 16.

    "This is another step forward on the road to nuclear power playing a prominent role in America's energy future," said Ratcliffe. "Nuclear energy is vital in any effort to make meaningful reductions in greenhouse gas emissions and meet this nation's rising demand for electricity. This conditional commitment is an endorsement of the company's performance as a safe, efficient nuclear operator with strong financial integrity." "
Energy Net

CleanEnergy Footprints » Its Official - Taxpayers Take On Nuclear Risk - 0 views

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    "While our government is demanding that BP pay up for the oil disaster in the Gulf, it is offering up billions of Americans' hard earned money to another high risk energy player - the wealthy nuclear power industry to build costly new nuclear reactors. Will this be another disaster waiting to happen?

    Today the utility giant Southern Company agreed to the terms of its portion of the $8.3 billion conditional loan guarantee awarded by the Obama Administration back in February for the proposed two new reactors it wants to build along with its utility partners at Plant Vogtle in Georgia. So now U.S. taxpayers are officially on the hook if the project goes belly up. Which given the nuclear industry's past track record, is a likely scenario. Many of the problems with these nuclear loan guarantees are in the aptly titled report, "
Energy Net

Obama may back Vogtle expansion | The Augusta Chronicle - 0 views

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    Loan guarantee to be announced next week

    President Obama next week will announce a loan guarantee to build the first nuclear power plant in the U.S. in almost three decades at Burke County's Plant Vogtle, an administration official said Friday.

    The two new Southern Co. reactors are part of the White House's energy plan that administration officials hope will draw Republican support. Obama's direct involvement in announcing the award underscores the political weight the White House is putting behind its effort to use nuclear power and alternative energy sources to lessen American dependence on foreign oil and reduce the use of other fossil fuels blamed for global warming.
Energy Net

Associated Press: Regulators step up inspections of Ga. nuke plant - 0 views

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    "A nuclear power plant operated by The Southern Co. will face more federal inspections because the electronics controlling an emergency power system on one of its reactors failed to work, federal regulators said Friday.

    The problems affected an automatic control system for one of the diesel generators attached to a nuclear reactor at Plant Hatch near Baxley in southeast Georgia. The commission said the problem was a low-to-moderate safety risk and ordered an additional round of inspections since it previously identified another problem at the plant related to an emergency diesel generator."
Energy Net

Georgia Power: Judge's ruling won't affect power plant construction  | ajc.com - 0 views

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    "A Fulton County Superior Court judge ruled in favor of an environmental group Friday, but it won't affect Georgia Power's plan to build two nuclear reactors at Plant Vogtle, the company said.

    The environmental group, the Southern Alliance for Clean Energy, filed the lawsuit challenging the Georgia Public Service Commission's decision to let the utility raise rates to pay for the plants before they start operating. On Friday, Judge Wendy Shoob said the PSC acted illegally by failing to properly document a justification for the reactors.

    "This is not related to the need for the project," Georgia Power spokesman Jeff Wilson told the AJC. "Construction will continue as scheduled on the new Vogtle units."

    An attorney for SACE said Friday's ruling was a major victory for their efforts to stop the construction of the nuclear plants, which would be the first built in the U.S. in 30 years. The PSC contends the reactors are safe, but SACE attorney Michael Carvalho said the utilities regulatory commission doesn't have the facts to back it up."
Energy Net

Nuclear bailout, part two: the price of power - 0 views

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    "In January of next year, Georgia Power customers will begin to pay for new nuclear reactors.

    This is the second part of a series investigating the financial and environmental implications of the Plant Vogtle expansion. The first part of the series discussed how federal tax dollars were being used to subsidize the development of the nuclear industry.

    Beginning in January 2011, most Georgia Power customers will see an increase in their electric bill. It will start small, about $1.30 per month.

    Over the next several years it will increase, until 2017, when residential and small business ratepayers are coughing up an additional $9.10 or more per month."
Energy Net

Southern Co. unsure on loan help for reactors | The Augusta Chronicle - 0 views

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    "Southern Co. and its subsidiary, Georgia Power, have not yet determined whether they will accept the Obama administration's Feb. 16 offer of $8.33 billion in federal loan guarantees to help finance the addition of two new reactors at Plant Vogtle.

    "It's been offered to us, but the devil is in the details," said Southern Nuclear communications coordinator Mike McCracken, who spoke Thursday in Aiken to members of Citizens for Nuclear Technology Awareness.

    "It's still being worked out now," McCracken said.

    The U.S. Energy Department's commitment is the first of its kind and also has a 90-day deadline for acceptance, he said. "But there are conditions -- strings attached -- that still have to be worked out."
Energy Net

Georgia EPD will hold public meeting on air permits for Plant Vogtle's new reactors | T... - 0 views

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    "Georgia's Environmental Protection Division will hold a public meeting in April to discuss draft air quality permits associated with the $14.5 billion addition of two new reactors to Plant Vogtle.

    The permits are needed because of air pollution that could be created by the plant's emergency diesel engines, which will be kept at the site in case electrical power is unavailable whenever the nuclear plant is shut down.

    "There would be a total of 13 engines, and also diesel fuel storage tanks," said Tom Moorer, the environmental affairs manager for plant operator Southern Nuclear. "The large ones are there to provide emergency power in the event the plant must shut down and offsite power is not available.""
Energy Net

Union labor at Plant Vogtle in negotiations | The Augusta Chronicle - 0 views

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    "The contractor hired to manage the $14.5 billion addition of two new reactors to Plant Vogtle is negotiating with national labor unions to provide employees.

    The project, for which limited site work is already under way, is expected to generate up to 3,500 temporary construction jobs and 800 permanent positions after the reactors go online in 2016 and 2017.

    Gentry Brann, the director of corporate communications for The Shaw Group -- the project's construction manager -- acknowledged that discussions are ongoing but said it would be premature to release details."
Energy Net

Vogtle Components To Move By Rail | Georgia Public Broadcasting - 0 views

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    Some of the reactor parts weigh hundreds of tons. Had they come by barge from coastal ports, officials would have had to dredge the Savannah River -- removing sediment and dirt to deepen it.

    Tonya Bonitatibus, the director of the Savannah Riverkeeper, says the dredging would have harmed natural habitats and polluted the river while costing too much money."
Energy Net

Georgia Taps Build America Bonds to Subsidize Nuclear Expansion - Bloomberg.com - 0 views

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    "Georgia's Municipal Electric Authority tapped the Build America Bond program, selling $1.22 billion of the taxable securities as it seeks to license the first nuclear power plant in the U.S. in 30 years, according to Bloomberg data.

    The public utility, one of four owners of the proposed expansion of the Vogtle electric generating station near Waynesboro, Georgia, agreed to pay an annual interest rate of 6.637 percent on securities maturing in 2057, according to sale results. It plans to sell another $1.3 billion of federally subsidized Build America Bonds before the end of this month to finance most of its share of the project, according to offering documents. "
Energy Net

Nuclear projects face financial obstacles - washingtonpost.com - 0 views

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    "Hopes for a nuclear revival, fanned by fears of global warming and a changing political climate in Washington, are running into new obstacles over a key element -- money.

    A new approach for easing the cost of new multibillion-dollar reactors, which can take years to complete, has provoked a backlash from big-business customers unwilling to go along. "
Energy Net

Plant Vogtle reactor plans have some residents concerned | NBC Augusta 26 | news, weath... - 0 views

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    "Plans are underway for Plant Vogtle to add two new reactors to its site in Burke County. But NBC Augusta 26 News is learning not everyone is thrilled about the expansion and new jobs.

    "Not in our backyard" seemed to be the theme at a public forum in Burke County. Sponsored by "Georgia Woman's Action for New Directions," the meeting allowed residents of nearby communities like Shell Bluff, to hear the other side of expansion.

    "The nuclear energy industry has led people to believe that it's something that is going to happen. They haven't gotten approval for the reactors to be built, so it's not necessarily a done deal," said Dianne Valentine, WAND member. "
Energy Net

Georgia Seeks $2.5 Billion for First Nuclear Plants in 30 Years - Bloomberg.com - 0 views

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    "Georgia's Municipal Electric Authority plans to borrow more than $2.5 billion this week to help finance its share of two nuclear reactors, which would be the first licensed in the U.S. since the Three Mile Island reactor accident in 1979.

    The authority will borrow almost all of the money through the U.S. Treasury's Build America Bond program, which subsidizes 35 percent of the interest cost on taxable securities sold for public purposes. Goldman Sachs Group Inc., which received a letter last week from U.S. Senator Charles Grassley questioning fees earned from selling Build America Bonds, is the sole underwriter, according to offering documents. "
Energy Net

Atlanta Progressive News: Activists Criticize Obama's Nuclear Power Loan Guarantees - 0 views

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    "President Barack Obama's announcement last week that he has promised funding in the Fiscal Year 2011 budget for new nuclear power reactors in the US, with some 54.5 billion dollars in federal loan guarantees, has ignited a firestorm of local and national resistance.

    Obama also announced that Atlanta-based Southern Company has been conditionally approved for 8.3 billion dollars in loan guarantees for two new nuclear reactors to be built at Plant Vogtle in Burke County, Georgia. The Obama Administration is considering at least a half-dozen additional loan applications for nuclear projects. The Vogtle expansion would be the first new nuclear plants in the US in 30 years."
Energy Net

Why do Augusta nuke plants deserve taxpayer money? | Cynthia Tucker - 0 views

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    "Johnny Isakson and Saxby Chambliss were happy to claim credit for the Obama administration's announcement that it was guaranteeing loans that would help build nuclear reactors on Georgia's coast. But it's an odd thing for the two Republicans, who usually argue that the government ought to stay out of private industry.

    In fact, economists might argue that the huge government subsidies are little different from the bank bail-outs and bail-outs for the automotive industry.Liberals and conservatives have argued against the federal guarantees. From the WaPo:"
Energy Net

Georgia Power works on nuclear expansion  | ajc.com - 0 views

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    Not much stands out in a drive across the piney flatlands of rural eastern Georgia, just below Augusta, this side of South Carolina.
    A few cows graze in an open field. A trailer home or two and a small house sit back from nearly empty roads.

    Then, just before the Savannah River, they appear: the twin cooling towers of the Alvin W. Vogtle Electric Generating Plant, each one 548 feet tall, billowing puffy clouds of water vapor, like steam from a cup of hot coffee. Nearby, though much less visible, are the two nuclear reactors that actually produce the plant's electricity.
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    Not much stands out in a drive across the piney flatlands of rural eastern Georgia, just below Augusta, this side of South Carolina.
    A few cows graze in an open field. A trailer home or two and a small house sit back from nearly empty roads.

    Then, just before the Savannah River, they appear: the twin cooling towers of the Alvin W. Vogtle Electric Generating Plant, each one 548 feet tall, billowing puffy clouds of water vapor, like steam from a cup of hot coffee. Nearby, though much less visible, are the two nuclear reactors that actually produce the plant's electricity.
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