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Posts Tagged ‘Southern Company’

JASCKO’S U.S. RENAISSANCE RANKING: SOUTHERN, SCANA, NRG MOST LIKELY TO BUILD

Saturday, December 4th, 2010

December 4, 2010

Nuclear Townhall
 
During a sweep through Bloomberg’s New York City headquarters Friday, U.S. Nuclear Regulatory Commission Chairman Gregory Jaczko told the news service that nuclear plants being advanced by Southern Co., Scana Corp and NRG Energy, Inc. are at the top of the 13 applications currently pending before the agency.
 
Jaszko said the three companies are "actually doing" preparation work at their sites in Georgia, South Carolina and Texas.
 
Conspicuously missing from the list is EDF’s Calvert Cliffs 3 plant, which had been a clear frontrunner for Energy Department loan guarantees until the withdrawal of UniStar principal Constellation Energy.
 
Jaszko said decisions on applications to build will start flowing in 18 months.
 
Bloomberg quotes the Chairman as saying a couple years ago, more applicants "may have been talking about construction immediately after licensing, now there appears to be more of a wait and see."  Jaczko attributed the hiatus to a recession-induced energy demand drop and a decline in the cost of natural gas.
 
The press-shy NRC Chairman — who has been increasingly embattled in the face of mounting Congressional criticism for his handling of the high-profile Yucca Mountain license review — has generally been fastidious in not offering specifics on new plant licensing.

LOAN GUARANTEE SUPPLEMENTAL NIXED: DOE DECISION TIME

Wednesday, July 28th, 2010

The House gave its blessing to a clean Fiscal Year 2010 supplemental appropriations bill for Iraq and Afghanistan war funding yesterday evening sending the measure to the President by a 308-114 vote.

In doing so, the House relented to the Senate, which last week stripped the lower chamber’s supplemental spending add-ons — which included $9 billion in nuclear loan guarantees.  

The Congressional action forces the U.S. Department of Energy’s (DOE) hand on two pending loan guarantee commitment decisions — Maryland’s Calvert Cliffs 3 and South Texas 3&4.  Without additional developments, the DOE appears to be short of funding to do both in the current fiscal year given that the initial loan guarantee allocation — Southern Company’s Vogtle 3&4 project — consumed $8.4 billion of an initial authorization of $18.5 billion.

House and Senate appropriators have advanced $25 million and $10 million, respectively, in additional loan guarantee authority for Fiscal Year 2011, which could arrive just after the start of the new fiscal year in October or slide into calendar year 2011 with a continuing resolution.
 
Most loan guarantee observers see the Calvert Cliffs project with the edge given vocal support from House Majority Leader Steny Hoyer (D-MD) and active building and construction trade union support.  President Obama announced the initial Vogtle loan guarantee at a local
union hall in Maryland.

Read more at The Politico