U.S. Nuclear Power Expansion on Shaky Ground

Cost and schedule overruns are eroding the economic benefits of Southern Co.'s (SO) new nuclear power units under construction in Georgia. The outcome could affect a similar project under way by Scana (SCG) in South Carolina.

Southern is attempting to expand its Vogtle Electric Generating Plant, known as Plant Vogtle, to four nuclear reactors from two. The new units will be Westinghouse AP1000 1,117-megawatt next-generation reactors. If completed, Plant Vogtle will be a 4,660-megawatt facility, the eighth or ninth largest nuclear plants in the world. (The largest is Japan's 7,965-megawatt Kashiwazaki-Kariwa Nuclear Power Plant, whose units may not be restarted.)...673 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

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