Tag Archives: Tom Fanning

Plant Vogtle hits new delays; costs surge near $30B

Vogtle Georgia Power
The Plant Vogtle nuclear expansion project in Georgia is pictured last month. Georgia Power

By Kristi E. Swartz
02/18/2022    Southern Co. yesterday announced another delay for its long-troubled nuclear construction project in Georgia, edging its costs closer to the $30 billion mark.

The setback could now push the startup date for Plant Vogtle’s first reactor until early 2023 and move the date for the second one to later that year. The costs for Plant Vogtle’s two reactors have now risen to the point that Southern should absorb every dollar instead of sharing that burden with the other developers — and passing it on to customers.

Plant Vogtle’s latest move highlights the nuclear industry’s chief troubles with building large, baseload reactors: safety and cost. To be clear, Southern executives have blamed this new hiccup on paperwork, saying that workers were gathering it to send to federal safety regulators and noticed critical inspection records were missing or incomplete.

The pile of missing or incomplete documents added up to a delay of three to six months, Southern said. That additional time is costing $920 million.

“We’re a little frustrated with the latest developments,” Southern Co. CEO Tom Fanning said yesterday in an interview. “[The first unit] is on the doorstep of loading fuel and going into service.”

Fanning talked of “great momentum” at the construction site since November. He said the company was looking forward to receiving the Nuclear Regulatory Commission’s permission to load fuel rods into the reactor, the last major step before it can start producing electricity.

But workers realized “tens of thousands” of critical documents were missing, leading to a three-month backlog, Fanning said. Officials have cut that time down by 30 percent, he added.

“We’re fixing that part of the ‘paper’ process,” he told E&E News.

Read the whole article: E&E News

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UPDATE: Georgia’s Vogtle nuclear expansion hit with new delays, costs

VORJJTDGA5YHYUGOXRY7AT2JWIBy Tamar Hallerman
2/17/2022    Southern Company, the electric utility overseeing the beleaguered Plant Vogtle nuclear expansion near Augusta, said Thursday that the project is being delayed once again as costs continue to climb.

That raises the possibility the company’s roughly 2.6 million Georgia Power customers, already on the hook for billions of dollars, will pay even more to finance the first big nuclear project in the U.S. in decades. The project is already several years late and billions over budget.

Atlanta-based Southern, the parent of Georgia Power, disclosed Thursday a $920 million financial charge in the fourth quarter of 2021 related to Vogtle. It also pushed back the startup dates for its two new nuclear units in Georgia by three to six months.

The plant’s new Unit 3 is now slated to come online between December 2022 and March 2023. Unit 4 is scheduled to be operational between September 2023 and December 2023.

Southern partially attributed the latest delay to incomplete and missing inspection records, which are required for the plant to load nuclear fuel. It said it reduced the backlog by more than 30% in recent weeks as it works its way through tens of thousands of records for materials and equipment installed in the first of its two new units.

Read the whole article: Atlanta Journal-Constitution

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The Only Nuclear Plant Being Built in the U.S. Is Delayed Yet Again

by Will Wade
(Bloomberg) — 2/17/2022    Southern Co.’s beleaguered Vogtle nuclear project is getting pushed back again after the company discovered documentation issues that will delay completion by as much as six months, prompting a $920 million charge.

The Unit 3 reactor may not go into service until March 2023 and Unit 4 may not be complete until the end of next year, Chief Executive Officer Thomas Fanning said in an interview Thursday.

The delays are yet another setback for the only nuclear plant under construction in the U.S. The Vogtle project in Georgia is now about seven years behind schedule and costs have doubled. The project will be the first new nuclear units built in the country in the last three decades.

“I’m frustrated,” Fanning, 64, said. “Every day when I get up I have Vogtle on my mind.”

Read the whole article: BNN Bloomberg

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Time to decide if you pay more for Georgia’s nuclear debacle

by Matt KempnerVogtle_ajc_8-3-17
11/3/17 ATLANTA: Don’t read beyond this sentence if you don’t pay a power bill in Georgia and never will.

Otherwise, get your wallet out.

There’s a bit of show biz about to start Monday in hearings with elected state regulators. When it’s over, it’s likely to end up costing you and your Georgia descendents for decades to come.

That’s because the only giant, deeply delayed, steeply over-budget nuclear power construction project still underway in the U.S. may well get another wink and pat on the back from Georgia regulators.

So far, Georgia politicians have failed to enact significant consumer protections that would limit a government-enforced monopoly (Georgia Power) from sidestepping the vast majority of risk while raking in extra (extra!) profits on the overruns for the company’s Plant Vogtle expansion.

Elected members of the Georgia Public Service Commission start the first of four days of hearings Monday. It’s Round One in what on paper could be a momentous decision after years of complex construction plagued by unfinished designs, incomplete scheduling, flawed parts and workmanship, insufficient oversight early on and too much worker downtime.

The PSC accepted the setbacks, missteps and busted budget in the past. But now PSC members are faced with their first go/no-go vote since originally approving the project in 2009. That’s because the bankruptcy of Westinghouse, the project’s main contractor, throws significantly more risk and cost into the mix.

Read the whole article: Atlanta Journal-Constitution

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Time for a nuclear apology from your power company

fanningby Matt Kempner
ATLANTA 3/29/17: Sometimes, even rah-rah cheerleading isn’t enough to make a bad situation look good.

That’s a shame for Georgia Power, because the CEO of its parent has tried to make the company’s nuclear misadventure look like a puffy cloud on a pretty spring day.

Four years ago, when the project to expand nuclear power at Plant Vogtle was already more than a year and a half behind schedule, Southern Co. chief executive Tom Fanning declared that work was moving along in “spectacular fashion.” The company said no further delays were expected on the complex .

Last year, with delays and costs having grown dramatically, Fanning said work on the two new nuclear units was going “beautifully.”

Read the whole story: Atlanta Journal-Constitution

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