Category Archives: GA PSC

Failed concrete: the bane of nuclear reactors

Let’s not forget the failed concrete on which Plant Vogtle’s unprotected stranded reactor vessel is supposed to sit.

A week before the reactor vessel train wreck, news stories said concrete pouring was delayed due to “noncompliant rebar”. Thomas Clements elaborated for the Aiken Leader 14 January 2013, Vogtle AP1000 Nuclear Reactor Vessel Discovered Unprotected, Stranded in Savannah Port since December 15 Shipment Failure,

Due to chronic delays in the pouring of “nuclear concrete” for the basemat of the AP1000 units at Vogtle and VC Summer, it remains unknown when or if any reactor vessels can actually be placed into the excavated holes at the sites. A January 10 meeting of the NRC confirmed that another basemat-related “license amendment request” (LAR) was soon to be filed by SCE&G for its AP1000 project and that the target date for granting of the LAR was March 18. It appears that the Vogtle project has fallen behind the V.C. Summer project and no strategy for the filing of a similar and necessary LAR by Southern Company is known.

Concrete, the long-time bane of Seabrook Station and also what’s keeping Crystal River shut down because nobody wants to pay the billions of dollars it would take to fix it.

 

What say we call the whole thing off, like Dominion Power did with its existing Kewaunee nuke, and TEPCO and NRG did with their plans for new South Texas nukes.

 

Maybe it’s a sign that meanwhile Google has invested a billion dollars in wind and solar and gotten 2 gigawatts of power, almost as much as the 2.2 GW the two new Vogtle nukes were supposed to produce, except Google’s solar and wind projects are online on time, and for less than just the cost overruns at Vogtle.

The Georgia legislature is in session. You can contact your legislator or the PSC today about toppling Southern Company’s three-legged nuclear regulatory-capture stool and fixing that 1973 Territoriality Law so we can get on with solar and wind in Georgia, for jobs and energy independence, and oh by the way clean air and plenty of clean water.

-jsq

Centralized Nuclear Bad Investment?

A writer for Forbes spells out the question of nuclear investment: how can something that expensive, over-budget, late, and phenomenally risky be a good investment, especially when cheaper and faster energy sources are readily available?

Peter Kelly-Detwiler wrote for Forbes today, New Centralized Nuclear Plants: Still an Investment Worth Making?

Just a few years ago, the US nuclear renaissance seemed at hand. It probably shouldn’t have been. Cost overruns from Finland to France to the US were already becoming manifest, government guarantees were in doubt, and shale gas drillers were beginning to punch holes into the ground with abandon.

Then came Fukushima. The latter proved a somewhat astonishing reminder of forgotten lessons about nuclear power risks, unique to that technology: A failure of one power plant in an isolated location can create a contagion in countries far away, and even where somewhat different variants of that technology are in use. Just as Three Mile Island put the kaibosh on nuclear power in the US for decades, Fukushima appears to have done the same for Japan and Germany, at a minimum. It certainly did not help public opinion, and at a minimum, the effect of Fukushima will likely be to increase permitting and associated regulatory costs.

He goes into detail: they take too long (while gas and solar got cheaper), they’re extremely expensive to build and run, and they’re all-or-nothing investments.

I was going to compile this list of recent nuclear financial failures, but he saves us all the trouble:

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Vogtle reactor vessel sitting unprotected at Savannah port

What happened to Plant Vogtle’s new reactor vessel after it was in a train wreck a week ago? It went back to Savannah port and sits there unprotected and unguarded.

Thomas Clements wrote for the Aiken Leader 14 January 2013, Vogtle AP1000 Nuclear Reactor Vessel Discovered Unprotected, Stranded in Savannah Port since December 15 Shipment Failure,


Tom Clements, Alliance for Nuclear Accountability

The reactor pressure vessel (RPV) for the chronically delayed Vogtle AP1000 reactor construction project near Waynesboro, Georgia sits stranded and seemingly unprotected in the port of Savannah. The special railroad car carrying the 300-ton vessel had unknown mechanical problems on December 15 on exiting the port. The NRC has said that the vessel only got one-quarter mile before a sound was heard and the car stopped. Plans by Westinghouse and Southern Company to move the vessel are unknown. It is also unknown if the railroad car can be repaired and used or if the railroad company which owns the line is concerned that the rail car might break down again on its line in an in accessible place. Meanwhile, the apparently unguarded reactor might be subject to sabotage and sits in apparent violation of NRC quality assurance and “administrative control” regulations.

The article includes links to several more pictures taken 13 January 2013 by Tom Clements of Alliance for Nuclear Accountability, such as this one with the bridge clearly visible:

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Carbon bubble? Solar and wind erode coal, gas, and biomass credit quality —Moody’s

In Europe it’s already happening: solar and wind are causing bond-rater Moody’s to warn of downgrades of energy companies that depend on heat from burning coal, gas, or biomass. Moody’s earlier even warned the Bank of England of a potential carbon bubble developing. If combustion energy plants are affected like this, the credit effects will be even bigger on even-more-expensive nuclear plants, which Moody’s called a bet-the-farm risk way back in 2009.

James Murray wrote for businessGreen 6 Nov 2012, Moody’s: Renewables boom poses credit risk for coal and gas power plants: Credit ratings agency warns increases in renewable power have had ‘a profound negative impact’ on the competitiveness of thermal generation companies,

“Large increases in renewables have had a profound negative impact on power prices and the competitiveness of thermal generation companies in Europe,” said Scott Phillips, an assistant vice president and analyst at Moody’s Infrastructure Finance Group, in a statement.

“What were once considered stable companies have seen their business models severely disrupted and we expect steadily rising levels of renewable energy output to further affect European utilities’ creditworthiness.”

And not just rising, rising increasingly Continue reading →

Florida Crystal River nuke down $5 billion?

Only 160 miles from here, the Crystal River nuclear reactor continues to run up a bad bill, maybe as much as $5 billion, and even other nuclear operators are reportedly starting to turn against it. Should we wait for the new nukes on the Savannah River to run up a bill that high before we cancel them?

Remember back in May?

Florida is already experiencing a likely future for the new Plant Vogtle nukes in Georgia: completion date pushed back, and customer charges raised.

Yep, that’s the one. And the bill keeps going up, as Ivan Penn wrote for the Tampa Bay Times 30 December 2012, Utilities nationwide could share the financial pain of the idled Crystal River nuclear plant,

The crippled Crystal River nuclear plant is now America’s headache.

The bill to fix it and pay for replacement power may top $5 billion. The problem?

The company that insures all 104 U.S. nuclear power plants has just $3.6 billion on hand to pay for claims.

Broken nuclear plants in California, Texas and Michigan will vie for some of that money. But Crystal River alone represents such a financial threat that the insurance company, Nuclear Electric Insurance Ltd., may demand that its member utilities pony up more money.

Is NEIL the guarantor on the bonds for the new nukes at Plant Vogtle? I think Southern Company was smarter (for SO, not for us) and got Congress to guarantee those. If so, Continue reading →

Industrial Authority working for solar in south Georgia @ VLCIA 2012-12-18

The Industrial Authority is working to find locations for some of the 210 MW Georgia Power got the PSC to shift from biomass to solar back in September. That’s a good next step.

Jason Schaefer wrote for the VDT 23 Dec 2012, Solar power push has Authority working to establish connections,

Since the Georgia Public Service Commission (PSC) approved Georgia Allan Ricketts, Projects and Existing Industry Manager, VLCIA, 2012-12-18 Power Company’s plan Nov. 20 to add 210 megawatts of solar power to its electrical grid, the Valdosta-Lowndes County Industrial Authority has been devising strategies to draw solar energy producers to South Georgia.

Georgia Power will issue a Request for Proposals (RFP) from solar energy collection and production companies in early 2013, according to the PSC, and the company will contract with the lowest bidders to purchase their energy and place it on the Georgia Power electrical grid for public consumption.

Georgia Power plans to add 90 megawatts to its grid from distributed generation (small companies producing between 100 kilowatts and 1 megawatt), and 120 megawatts of large utility-scale projects producing up to 20 megawatts each. The company plans to price the solar energy at $0.13 per kWh for distributed generation and up to $0.12 per kWh for utility-scale projects, according to the PSC.

This government-approved commercial push for solar energy could be a boon to sunny South Georgia as well as the greater Valdosta area specifically, and the Authority is prepared to accommodate the solar energy producers they expect.

Andrew Schruijer, Executive Director, VLCIA, 2012-12-18 “I think there’s a very good possibility of solar energy coming to South Georgia,” Executive Director Andrea Schruijer said. “Possibly in the near future.”

There’s more in the VDT story. It’s pretty much what Col. Ricketts also told me after the VLCIA meeting Tuesday a week ago. He asked me if I knew what “distributed” meant. I pointed out Georgia Power’s version of distributed was actually not very distributed, compared to Continue reading →

First ALEC, now Heartland Institute: losing sponsors

Heartland Institute, one of only two organizations to field a speaker for continuing Plant Vogtle delays and cost overruns at this week's GA PSC hearing, has been dropped by every pharmaceutical company. When you're down to Heartland Institute and renewable-energy-opposing and astroturf-funding super-lobby group ALEC, itself rapidly losing members (so bad even Bank of America has dumped ALEC); and when your public hearing speakers are 40 to 1 against continuing with Southern Company and Georgia Power's nuclear boondoggle, maybe it's time to end it.

Brad Johnson wrote for thinkprogress 19 December 2012, Heeding Public Outrage, Pfizer Drops Climate Denial And Tobacco Front Group Heartland Institute,

The pharmaceutical giant Pfizer (PFE) has confirmed that it will no longer support the Heartland Institute, a political advocacy group that questions the science of climate change and tobacco smoking. Forecast the Facts, which is leading the campaign calling on corporations to drop Heartland, was informed of the decision by Pfizer's Corporate Secretary Matthew Lepore. Pfizer was a major donor to Heartland, giving $45,000 in 2012 alone.

Pfizer's decision means that there are no longer any pharmaceutical companies known to support the Heartland Institute.

Pfizer's last contribution to Heartland was in 2012. Pfizer's decision follows a groundswell of public outrage over the corporate support for the Heartland Institute's toxic behavior, including a billboard campaign that equated believers in climate change with serial killers such as the Unabomber. Over 150,000 people have signed petitions to corporate leaders to drop Heartland. Pfizer is the 21st company to end its support for Joseph Bast's organization, joining its competitors Amgen (AMGN), Eli Lilly (LLY), Bayer (BAYRY), and GlaxoSmithKline (GSK), as well as major companies like General Motors (GM), State Farm, and PepsiCo (PEP).

That’s the best you’ve got for support, PSC, and you’re pretending continuing to let Southern Company and Georgia Power run up a bill of $billions is in the best interests of the people of Georgia?

-jsq

Fake fracking reports: professor and institute head quit, other institute disbanded

From Austin to Buffalo, fake science for fracking is increasingly being exposed, Frack U with academic consequences: lead professor resigns, institute head quits, another institute disbanded. The image on the right (Frack U) is not a reputation any university wants to see. At least academia takes conflicts of interest seriously; now if government and the voters would do the same…. Or energy companies. Remember, shale gas (plus nuclear) is what Georgia Power and Southern Company are shifting to from coal, while shading us from the finances that would enable solar power for jobs and energy independence in south Georgia.

Terrence Henry wrote for NPR 6 December 2012, Review of UT Fracking Study Finds Failure to Disclose Conflict of Interest (Updated)

The original report by UT Austin’s Energy Institute, ‘Fact-Based Regulation for Environmental Protection in the Shale Gas Development,’ was released early this year, and claimed that there was no link between fracking and water contamination. But this summer, the Public Accountability Initiative, a watchdog group, reported that the head of the study, UT professor Chip Groat, had been sitting on the board of a drilling company the entire time. His compensation totaled over $1.5 million over the last five years. That prompted the University to announce an independent review of the study a month later, which was released today.

The review finds many problems with the original study, chief among them that Groat did not disclose what it calls a “clear conflict of interest,” which “severely diminished” the study. The study was originally commissioned as a way to correct what it called “controversies” over fracking because of media reports, but ironically ended up as a lightning rod itself for failing to disclose conflicts of interest and for lacking scientific rigor.

Unrepentant as recently as July, Professor Groat resigned in November. Plus this:

Raymond Orbach of UT’s Energy Institute has resigned after the group became engulfed in controversy over a study of fracking.

And elsewhere even more drastic results have ensued:

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15 month delay for new Plant Vogtle nukes —state inspector at PSC

Southern Company's new nukes are delayed at least fifteen months, at least a billion over budget and rising, and not organized to meet safety filing requirements, yet the Georgia PSC yesterday let SO pass the buck to contractors and Georgia Power continue charging customers for that boondoggle, despite 40 to 1 opposition from attendees.

Ellen Reinhardt wrote for GPB News yesterday, Plant Vogtle Construction Costs Rising,

An independent auditor told utility regulators Plant Vogtle construction will be delayed at least 15 months and go millions of dollars over budget.

Nuclear engineer William Jacobs said poor construction material, contractor mistakes and oversight delays will mean the Unit 3 reactor won't be ready until July of 2017.

That's 15 months later than planned.

Surprise! From $0.66 to $8.87 billion: original Plant Vogtle nuclear costs Who could have expected that, given that back in the 1970s and 1980s costs blew up 26 times the original estimate. Back then SO complained about paperwork after Three Mile Island. They're trying that same excuse now, but even a former Commissioner-turned-lobbyist is incredulous, as Kristi Swartz reported for the AJC yesterday, Monitor: Paperwork problems a drag on Vogtle schedule,

“It's taken eight months to handle paperwork deficiencies?” asked Bobby Baker, a former PSC commissioner who now represents Resource Supply Management, an energy consultant that works with large commercial, institutional and industrial electric customers.

A current Commissioner was almost as incredulous:

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Original nuclear Plant Vogtle cost overruns

Why should we expect Southern Company to be any better at controlling costs now than back in the 1970s and 1980s when its original nukes on the Savannah River went massively over budget? Massively as in 26 times as much per unit as originally projected.

Kristi Swartz wrote for the AJC 30 Jan 2012, A financial look at Plant Vogtle nuclear projects,

From $0.66 to $8.87 billion: original Plant Vogtle nuclear costs When the two original nuclear units at Plant Vogtle were planned, the total cost estimate was $660 million.

Yet, as Jon Gertner reported for NYTimes 16 July 2006,

The plant took almost 15 years to move from blueprints to being operational. And by the time it began producing electricity in the late 1980’s, its total cost, $8.87 billion, was so far overbudget that Vogtle became yet another notorious example of the evils of nuclear energy….

The grand plan was to have four reactors. Instead, it was scaled back to two, Vogtle Unit 1 (finished in 1987) and Vogtle Unit 2 (1989).

That’s right, 4 nuclear units were planned for $660,000,000 fifteen (15) years later only 2 units were built, for $8,870,000,000. That’s more than $8 billion in cost overruns, or more than 13 times the original cost estimate. So per unit, that’s more than 26 times the original estimate, or more than $4 billion per unit.

Swartz provided a handy table of cost estimates by year:

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