Released February 14, 2012 | SUGAR LAND
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Research by Industrial Info Resources (Sugar Land, Texas)--Site preparation had been going on long before the Westinghouse AP1000 reactors for the Vogtle Nuclear Power Station in Waynesboro, Georgia, were approved by the Nuclear Regulatory Commission (NRC). So Thursday's final decision only solidified Southern Company's (NYSE: SO) (Atlanta, Georgia) plan to add two 1,117-megawatt Pressurized Water Reactors to its existing units. The plant became operational back in 1987.
It is a monumental accomplishment that the NRC issued a combined construction operating license (COL), as it signifies that construction can begin on the first nuclear unit to be built in the U.S. in 30 years.
Engineering, procurement and construction will be performed by The Shaw Group (NYSE:SHAW) (Baton Rouge, Louisiana). The first unit is scheduled to be brought online by 2016, and the second unit in 2017.
Southern Nuclear Operating Company, a subsidiary of Southern Company, will operate the two new units. Georgia Power Company will own 45.7%, Oglethorpe Power Corporation (Tucker, Georgia) 30%, Municipal Electric Authority of Georgia 22.7% and Dalton Water & Light the remaining 1.6%.
This historic event could lead the way for SCANA Corporation's (NYSE:SCG) (Columbia, South Carolina) 2,200-megawatt addition at its Virgil C. Summer Nuclear Station in Jenkinsville, South Carolina. The station should receive its COL permits in the next two months.
With Japan's Fukushima-Daiichi Nuclear Plant's crisis in March 2011, several governments backed more stringent procedures and designs for safety reasons. Nuclear plant construction is extensive in China, where at least 12 plants are under construction.
Completion time at Vogtle is scheduled for 2016, but no nuclear plant comes in on time or on budget. The $14 billion price tag is just the cost of building the reactors alone; refueling, waste removal and maintenance costs have yet to be added.
View Plant Profile - 1011962 1011884 1072524 1090733 1060776 3021583 1071462 1059006 1047110 1072549 1071641 1068780 1058921 1071588 1065642 1081115
View Project Report -17001442 16001637
Industrial Info Resources (IIR), with global headquarters in Sugar Land, Texas, and eight offices outside of North America, is the leading provider of global market intelligence specializing in the industrial process, heavy manufacturing and energy markets. Industrial Info's quality-assurance philosophy, the Living Forward Reporting Principle, provides up-to-the-minute intelligence on what's happening now, while constantly keeping track of future opportunities.
It is a monumental accomplishment that the NRC issued a combined construction operating license (COL), as it signifies that construction can begin on the first nuclear unit to be built in the U.S. in 30 years.
Engineering, procurement and construction will be performed by The Shaw Group (NYSE:SHAW) (Baton Rouge, Louisiana). The first unit is scheduled to be brought online by 2016, and the second unit in 2017.
Southern Nuclear Operating Company, a subsidiary of Southern Company, will operate the two new units. Georgia Power Company will own 45.7%, Oglethorpe Power Corporation (Tucker, Georgia) 30%, Municipal Electric Authority of Georgia 22.7% and Dalton Water & Light the remaining 1.6%.
This historic event could lead the way for SCANA Corporation's (NYSE:SCG) (Columbia, South Carolina) 2,200-megawatt addition at its Virgil C. Summer Nuclear Station in Jenkinsville, South Carolina. The station should receive its COL permits in the next two months.
With Japan's Fukushima-Daiichi Nuclear Plant's crisis in March 2011, several governments backed more stringent procedures and designs for safety reasons. Nuclear plant construction is extensive in China, where at least 12 plants are under construction.
Completion time at Vogtle is scheduled for 2016, but no nuclear plant comes in on time or on budget. The $14 billion price tag is just the cost of building the reactors alone; refueling, waste removal and maintenance costs have yet to be added.
View Plant Profile - 1011962 1011884 1072524 1090733 1060776 3021583 1071462 1059006 1047110 1072549 1071641 1068780 1058921 1071588 1065642 1081115
View Project Report -17001442 16001637
Industrial Info Resources (IIR), with global headquarters in Sugar Land, Texas, and eight offices outside of North America, is the leading provider of global market intelligence specializing in the industrial process, heavy manufacturing and energy markets. Industrial Info's quality-assurance philosophy, the Living Forward Reporting Principle, provides up-to-the-minute intelligence on what's happening now, while constantly keeping track of future opportunities.
