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.
Dennis Wamsted’s post, “Do You Hear That? It’s The Fat Lady Singing; Nuclear Revival Ends Almost Before It Starts,” originally ran in his blog, Wamsted on Energy: News and views for thinking professionals, on February 10, 2017. Find the original post here and more about Mr. Wamsted here. Published below with permission. Five years ago almost to [...]
Below is a guest column from Grant Miller with Miami’s Community Newspapers. His column originally ran on February 6, 2017 and can be found here. We Pay for FPL’s Mess In case you haven’t heard, Japan’s Toshiba is in financial free-fall and is pulling its subsidiary Westinghouse out of the nuclear construction business due to [...]
Update: Since Laura’s blog post below, the Palm Beach Post’s Susan Salisbury reported on the concerns with FPL’s flawed clean-up plan in her “Protecting Your Pocketbook” blog/column. Find it here. Last week Southern Alliance for Clean Energy and Tropical Audubon Society filed an amended complaint to the Clean Water Act challenge filed this past July [...]
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.
Our followers on social media think the answer should be “as much as possible,” but in our brief SACE argues in favor of a cap of 2,500 megawatts (MW) of renewable energy, likely to be mainly solar and wind. Georgia Power has proposed only 525 MW, and other parties have signaled interest in 1,200 MW or 2,000 MW. What’s remarkable about this “debate” is that everyone involved agrees that whatever the number, Georgia Power customers will end up saving money as these projects will cost less than the projected cost of generating power. This approach to developing renewable energy has been led by Commissioner Bubba McDonald.
Last week environmental groups — Southern Alliance for Clean Energy, Tropical Audubon Society, and Friends of the Everglades — filed a Clean Water Act lawsuit against FPL in federal court for ongoing pollution at the Turkey Point power complex in South Florida.
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 [...]