Vogtle 3 and 4, the first new nuclear reactors built in the United States in 30 years, are now 6 years late and estimated to cost $28 billion. (Taxpayer.net). That is a cost overrun of $14 billion, 100% over the initial cost of $14 billion. (Atlanta Journal Constitution, Power).
Rough Comparison of New Electricity Capacity Costs | ||
Energy | Price per watt | Capacity for $12.5 B (GW) |
Nuclear | $12.50 | 1.00 |
Solar | $2.00 | 6.25 |
Wind | $1.44 | 8.70 |
Table 1 |
According the the DOE loan program office, here, “The Department of Energy (DOE) has issued a total of up to $12 billion in loan guarantees to Georgia Power Company (GPC), Oglethorpe Power Corporation (OPC), and three subsidiaries of Municipal Electric Authority of Georgia (MEAG Power) to support the construction of Vogtle Units 3 and 4 – the nation’s next generation of advanced nuclear reactors – at the Alvin W. Vogtle Electric Generating site in Waynesboro, Georgia.”
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A co-founder of Popular Logistics, I hold an MBA in “Managing for Sustainability” from Marlboro College and a Bachelor’s of Science in Biology from the City University of New York College of Staten Island. I also hold a PMI’s PMP and CompTIA’sNetwork+ certifications. Available as a speaker and consultant, I can be reached at “Popular Logistics . com” as “L Furman.”