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 Southern Company Could Abandon The Vogtle Nuclear Plant 
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By early 2017, the Georgia and South Carolina plants were supposed to be producing enough energy to power more than a half a million homes and businesses. Instead, they stand half-finished.

Southern Co., which owns nearly half the Georgia project, and SCANA Corp., which owns a majority of the South Carolina project, have said they are evaluating the plants and could abandon the reactors altogether.

“We will continue to take every action available to us to hold Westinghouse and Toshiba accountable for their financial responsibilities under the engineering, procurement and construction agreement and the parent guarantee,” Southern said in a statement. A spokesman declined to elaborate.

The projects suffered setbacks from the start. In one instance, to prepare the Georgia plant for construction, Westinghouse and its construction partner in 2009 began digging out the foundation, removing 3.6 million cubic yards of dirt.


LINK TO ARTICLE: http://www.stltoday.com/business/local/how-two-cutting-edge-u-s-nuclear-projects-bankrupted-westinghouse/article_c8dc5630-f583-57ae-bfa1-383daf36f615.html

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Sun May 07, 2017 9:18 pm
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