Beyond Nuclear - Construction Costs

Other States Should Heed Lessons of SC Fiasco: “Clawback” of Nuclear Advance Fees Urged; Attention Now Shifts to Need for Similar Shutdown Action of Vogtle Project.

See the full press release, issued by Scott Stapf of the Hastings Group, featuring statements by Peter Bradford (former U.S. Nuclear Regulatory Commissioner, as well as former chairman of the New York and Maine utility regulatory commissions); leading nuclear economist, Dr. Mark Cooper (senior fellow for economic analysis at the Institute for Energy and the Environment, Vermont Law School); and Dr. Stephan A. Smith, executive director, Southern Alliance for Clean Energy (SACE).

Update on August 1, 2017 by

admin

SACE issued its own press release, entitled "Santee Cooper, SCANA pull plug on two nuclear reactors in South Carolina, killing the V.C. Summer nuclear plant expansion project."

Here is the

Statement from Dr. Stephen A. Smith, executive director of the Southern Alliance for Clean Energy:

“We applaud Santee Cooper and SCE&G for making the right decision to protect their customers. This project has been a multi-billion dollar disaster. We also call on Georgia Power and their utility partners to protect their customers from the similarly risky, mismanaged project in Georgia at Southern Company’s Plant Vogtle.”

In addition to ratepayer Construction Work in Progress/advanced cost recovery/nuclear "tax" surcharges on Georgria ratepayers' electric bills, the Vogtle Units 3 and 4 new build project also puts $8.3 billion in federal nuclear loan guarantees at risk. That is 15 times more taxpayer money than was lost during the Solyndra solar loan guarantee default.