Categories: U.S.

Nuclear reactor in Georgia delayed due to vibrations in cooling system

close Video

US military announces a nuclear-powered submarine is in Middle East

FOX News’ Trey Yingst reports the latest on the Israel-Hamas war from southern Israel. 

Georgia Power Co. said Thursday that vibrations found in a cooling system of its second new nuclear reactor will delay when the unit begins generating power.

Plant Vogtle’s Unit 4 now will not start commercial operation until sometime in the second quarter of 2024, or between April 1 and June 30, the largest subsidiary of Atlanta-based Southern Co. announced.

The utility said in a filing to investors that the vibrations “were similar in nature” to those experienced during startup testing for Unit 3, which began commercial operations last summer, joining two older reactors that have stood on the site near Augusta for decades.

WE MUST ADVANCE NUCLEAR ENERGY IN THE US

In that case, the utility found that a pipe vibrated during testing because construction workers hadn’t installed enough bracing. Georgia Power said the Unit 4 problem has already been fixed but too much testing remains to be done to make the March 30 deadline.

Georgia Power said it’s likely to lose $30 million in profit for each month beyond March that Unit 4 isn’t running because of an earlier order by state utility regulators. The five members of the Georgia Public Service Commission ordered that the company can’t earn an additional return on equity through a construction surcharge levied on Georgia Power’s 2.7 million customers after March 30.

The typical residential customer has paid about $1,000 in surcharges over time to pay for financing costs.

Nuclear reactor Units 1 and 2 are seen in operation at Plant Vogtle, near Waynesboro, Georgia. Unit 3 is already up and running, but Unit 4 will not start commercial operation until sometime between April 1 and June 30 of 2024 due to testing that must be carried out after vibrations were detected in its cooling system. (Pallava Bagla/Corbis via Getty Images)

The company said its construction budget won’t be affected if Unit 4 starts by June 30 but it would have to pay $15 million a month in extra construction costs if the project extends into July.

Regulators in December approved an additional 6% rate increase to pay for $7.56 billion in remaining costs at Vogtle, expected to cost the typical residential customer $8.95 a month. That’s on top of the $5.42 increase that took effect when Unit 3 began operating.

The new Vogtle reactors are currently projected to cost Georgia Power and three other owners $31 billion, according to calculations by The Associated Press. Add in $3.7 billion that original contractor Westinghouse paid Vogtle owners to walk away from construction, and the total nears $35 billion.

The reactors were originally projected to cost $14 billion and be completed by 2017.

CLICK HERE TO GET THE FOX NEWS APP

Units 3 and 4 are the first new American reactors built from scratch in decades. Each can power 500,000 homes and businesses without releasing any carbon. But even as government officials and some utilities are again looking to nuclear power to alleviate climate change, the cost of Vogtle could discourage utilities from pursuing nuclear power.

Georgia Power owns 45.7% of the reactors, with smaller shares owned by Oglethorpe Power Corp., which provides electricity to member-owned cooperatives; the Municipal Electric Authority of Georgia; and the city of Dalton.

Some Florida and Alabama utilities have also contracted to buy Vogtle’s power.

Share

Recent Posts

1 billion identity records exposed in ID verification data leak

Things like your name, home address, date of birth and even your Social Security number…

3 days ago

Android fixes 129 security flaws in major phone update

Most people never think about Android security updates until a headline like this appears. Suddenly,…

4 days ago

Burger King AI listens to workers

The next time you pull up to the drive-thru at Burger King, you may notice…

4 days ago

Fake Google Gemini AI pushes ‘Google Coin’ crypto scam

You may think you can spot a crypto scam from a mile away. But what…

5 days ago

Tesla builds a car with no steering wheel. Now what?

The first Tesla Cybercab has officially rolled off the floor at Tesla Gigafactory Texas. And…

5 days ago

Meta smart glasses privacy concerns grow

Smart glasses promise a future where technology blends into everyday life. You can ask a…

6 days ago