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.
Utilities in the southeast are already starting to “close” toxic coal ash pits. We calculated how much coal ash will be excavated and how much will be left in mostly unlined pits.
Former four-term South Carolina Congressman Gresham Barrett is joining with Sunrun to launch the Palmetto Conservative Solar Coalition. Their over-arching goal is to build on the momentum generated by the industry’s rapid growth spawned by unanimous passage in 2014 of “Act 236” by the South Carolina legislature and signed into law by Republican Gov. Nicki Haley. That law allows for solar sales by third parties and enables net metering.
The sun is rising on the Palmetto State, as scores of customers are rushing to take advantage of the 2014 solar-enabling legislation, Act 236. Recently, Duke Energy announced that its South Carolina customers have received $5 million in solar rebates since the start of its incentive program roughly a year ago. This is great news [...]
From Colorado to the Southeast? A major settlement on vexing renewable energy issues has just been announced in Colorado that has important implications for the Southeast. On August 15, a major settlement was announced between Xcel Energy, the staff of the Colorado Public Utilities Commission, and numerous businesses and associations in Xcel Energy’s rate case. [...]
Adger Solar’s two new solar power projects in South Carolina have made it into the public eye as they undergo local government review. We anticipate that these projects will deliver roughly 80 MW of solar power to South Carolina, which is roughly equivalent to the peak output of a small coal plant. SACE is very pleased that news of this project is now public – we have been working with allies to crack open the South Carolina market to utility-scale solar development for several years.
Below is a guest blog post with permission to re-post from Gregory Jaczko, former U.S. Nuclear Regulatory Commission (NRC) Chairman and Commissioner, originally published in the Huffington Post’s “The Blog” on December 14, 2015, which can be found here. Back in 2012, then-Chairman Jaczko was the only NRC Commissioner who voted against issuing the combined operating [...]
One wonders what it is going to take in order to get the Georgia Public Service Commissioners’ attention when it comes to the two under-construction nuclear reactors at Plant Vogtle? As reported by Georgia Power in their 13th semi-annual Vogtle Construction Monitoring (VCM) report, the project is $1.4 billion over budget and at least 39-months [...]
The U.S. Government Accountability Office (GAO) released a new technology assessment report yesterday, “Nuclear Reactors: Status and challenges in development and deployment of new commercial concepts.” But the results of the study were anything but new. The GAO’s findings confirmed that new nuclear reactor technologies, such as small modular reactors (SMRs), and other new reactor [...]
Hint: this isn’t a hard question to answer if you look back at the nuclear power industry’s track record. And the answer is? Drum roll please… All five nuclear reactors presently under construction in the U.S. are… delayed and over budget. That’s 100%! Every single one… SCANA now joins other utilities including Tennessee Valley Authority and [...]