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.
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.
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 [...]