This is first in a series of blogs about Toshiba’s financial meltdown and the implications this is having on new nuclear power plant projects. Today’s blog serves as an overview.
Coverage of the still-unfolding financial meltdown of Japanese tech-mogul Toshiba has been growing since late December when the massive financial losses were first divulged. Toshiba’s much anticipated earnings report call yesterday, which was expected to shed light on the situation, was delayed with permission from Japanese regulators until March 14. Toshiba still reported extremely bad news, much larger losses than earlier predicted and the selling-off of key Toshiba assets.
A report published by the Union of Concerned Scientists evaluated the risks of flood surge on associated power plant infrastructure in southern Florida. UCS’s report states, “Although Turkey Point, a large nuclear facility along the coast, is unlikely to be flooded by a Category 3 storm, everything around it is likely to be, and damage to nearby major substations could still prompt widespread outages in the region.” Similar impacts may be expected of other power plants in the path of Hurricane Matthew.
On the heels of giving Georgia Power the go-ahead to explore building possibly two nuclear reactors at an undeveloped site in Stewart County along the Chattahoochee River near Columbus, today the Georgia Public Service Commission (PSC) unanimously approved an additional $160 million in expenditures for the at least 39-month delayed nuclear expansion of Plant Vogtle near Waynesboro along the Savannah River. It’s important to note that Commissioner McDonald was the sole dissenting vote on the Stewart Co. decision, responsibly mentioning concerns not only about harm to utility customers but also about negative impacts to the Chattahoochee, which is at the center of the decades long Tri-State Water War among Georgia, Florida and Alabama.
The Southern Alliance for Clean Energy (SACE) not only identifies problems, but is also committed to advocating for solutions. One of the most significant water quality problems in the Southeast is the ongoing pollution at Florida Power and Light’s (FPL) Turkey Point cooling canal system. This open industrial sewer appears to be in direct conflict with FPL’s corporate environmental stewardship goals. And a slick PR campaign can’t cover up evidence that this system is failing and needs to be fixed.
This is a difficult blog post to publish given the sadness and loss we are all feeling due to the recent death of a long-time champion of clean, safe energy, Michael Mariotte, who passed away last week from pancreatic cancer. For many decades, Michael led a close ally group of ours, Nuclear Information & Resource [...]
The 30th anniversary of the devastating accident at the Chernobyl nuclear plant in the former Soviet Union in the town of Pripyat is not something to celebrate, especially given that the site is still struggling with properly containing the destroyed Unit 4 reactor that exploded on that fateful day. This anniversary date is especially somber [...]
Last week American Rivers announced their America’s Most Endangered Rivers 2016 list. The Apalachicola-Flint-Chattahoochee (ACF) river system, which is shared among three states, Georgia, Alabama and Florida, and is the focus of the decades-long Tri-State Water Wars, received the dubious honor as the #1 selection. Below is a guest blog from American Rivers’ Chris Williams [...]
An opinion editorial, similar to this blog post, ran in Creative Loafing Atlanta on March 31, 2016, find it online here. We’d like to congratulate Georgia Power for bringing the first of two new nuclear reactors at Plant Vogtle on schedule and on budget. Bah hah hah! Just kidding! April Fool’s! Joke #1: Original Operation Date: April [...]
March 11, 2016, marks the 5th anniversary of the devastating earthquake and subsequent tsunami that killed thousands of people and triggered a triple meltdown at the Fukushima-Daiichi nuclear power facility in Japan, subsequently forcing tens of thousands of people to evacuate their homes. Life has still not returned to normal – tens of thousands of [...]
UPDATE: New analysis released on March 7, 2016, just prior to the Miami-Dade County Board of Commissioners meeting on March 8, confirms contamination of Biscayne Aquifer and Biscayne National Park by Turkey Point’s cooling canal system. Read our press release here. Recent news has brought further attention to what is causing contamination of the beautiful [...]