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June 23, 2024

Vogtle nuclear plant

GE Hitachi Nuclear Energy
DOE Announces $900M to Kick-start Small Modular Nuclear Pipeline
The new federal funding is aimed at building market confidence that the U.S. nuclear industry will be able to incorporate the lessons learned at Vogtle to deliver a new round of safer, more efficient SMRs on time and on budget.
Georgia Power
NIA: Cost, Risk Sharing Needed to Grow Advanced Nuclear Pipeline
The first new reactors built in the U.S. since 2016, Vogtle’s two units have come online seven years late and $17 billion over budget, leaving subsequent projects surrounded by perceptions of risk.
Georgia Power
Southern Credits Strong Southeast Economy for Earnings Growth
Economic growth in the Southeast fueled first-quarter earnings of more than $1.1 billion, Southern Co. executives said.
Holtec International
LPO Announces $1.52B Loan to Restart Palisades Nuclear Plant
Michigan’s 800-MW Palisades nuclear power plant could become the first nuclear plant in the U.S. to be restarted, helped by a $1.52 billion loan from DOE’s Loan Programs Office.
Georgia Power
Southern Looks Beyond Vogtle After Challenging 2023
Southern Co. is forecasting 5 to 7% annual earnings growth thanks to a robust economy in Georgia.
DOE
DOE: US Needs 200 GW of New Nuclear Power by 2050
DOE is estimating that 500 to 750 GW of clean, firm power — including 200 GW of new nuclear — will be needed to reach net-zero emissions economy-wide by 2050.
House Energy and Commerce Committee
House Hearing Examines State of the Nuclear Power Industry
A House Energy & Commerce subcommittee heard testimony on the state of the nuclear industry as its members start work on a bill to deploy new advanced reactors.
Georgia Power Company
Making the Case for Nuclear at NARUC
The rising profile of nuclear power as one of the critical technologies that will power the U.S. to a carbon-free grid was a major theme at NARUC's conference.
Georgia Power
Vogtle 3 Activation Delayed Again for Safety Concerns
Southern Co. said that Unit 3 at Vogtle nuclear plant in Ga. suffered yet another delay and is not expected to come online until at least the second quarter.
Southern Company
Southern Board Taps Womack as New CEO
Southern Co. announced that CEO Tom Fanning is set to step down from most of his roles, and Georgia Power CEO Chris Womack has been tapped as his successor.

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