Georgia utility watchdogs want to pull the plug on a pair of nuclear reactors being built near Augusta, dealing a fresh blow to the future of the American nuclear industry. Georgia’s regulatory staff say two partially built reactors at Plant Vogtle could be canceled like the V.C. Summer expansion project in South Carolina, which was abandoned earlier this summer. That independent staff, which is in charge of analyzing utility projects in the state, said construction should be shut down unless Georgia Power covers nearly $4 billion in estimated costs. Georgia Power, the primary owner of the reactors, has asked for customers to carry almost all of the costs. An analysis conducted by the Public Service Commission staff suggested the reactors would cost customers $1.6 billion more than other energy sources.
Post and Courier 4th Dec 2017 read more »
On or before Dec. 11, the Federal Energy Regulatory Commission is expected to take action on a controversial proposal by Energy Secretary Rick Perry that seeks to prevent noncompetitive coal and nuclear power plants from retiring prematurely. Depending on how such a rule is structured, analyses have estimated that it could cost ratepayers in affected regions up to several billion dollars yearly. Energy scholar Joshua Rhodes explains what FERC is and why it has so much power over energy markets and (indirectly) the prices consumers pay.
The Conversation 5th Dec 2017 read more »