11 May '12, 4pm

A Higher Price Tag for a Nuclear Project

A Higher Price Tag for a Nuclear Project

A Higher Price Tag for a Nuclear Project By MATTHEW L. WALD Southern Company The bottom of the containment vessel for the Vogtle 3 reactor in Waynesboro, Ga. The flagship project of a hoped-for but not-yet-realized “nuclear renaissance,” the Vogtle 3 and 4 reactors under construction near Augusta, Ga., may cost about $900 million more than had been estimated, the Southern Company said in a filing this week with the Securities and Exchange Commission. The company, which is building the reactors with a consortium of utilities, said the problem arose from delays in the Nuclear Regulatory Commission’s approval of a design certification document from the manufacturer, Westinghouse, and of a combined construction and operating license . “Issues have arisen that may impact the project budget and schedule,” Southern said. Cost and schedule are very tightly related because interest...

Full article: http://green.blogs.nytimes.com/2012/05/11/a-higher-price-...

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