Nuclear Power Update: Finish Line in Sight for Watts Bar Unit 2, but Delays and Cost Overruns Still Plague Vogtle and Summer Unit Additions

SUGAR LAND--July 14, 2015--Written by John Egan for Industrial Info Resources (Sugar Land, Texas)--The Watts Bar Unit 2 nuclear project, owned by Tennessee Valley Authority (NYSE:TVE) (TVA) (Knoxville, Tennessee), is turning out to be the belle of the nuclear power ball. Construction of the unit is now about 98% complete, and it is adhering to its construction schedules and cost estimates, TVA spokesman Scott Brooks told Industrial Info TVA will spend between $4 billion and $4.5 billion to complete the 1,180-megawatt (MW) pressurized water reactor, which is expected to be online in early 2016.

Within this article: Update on several nuclear power projects in the U.S., including key projects from Southern Company (NYSE:SO), Chicago Bridge & Iron Company NV (NYSE:CBI), SCANA Corporation (NYSE:SCG), DTE Energy (NYSE:DTE), NextEra Energy Incorporated (NYSE:NEE) and Entergy Incorporated (NYSE:ETR)