Dev.SN

DOE to OK $6.5B for Georgia Nuclear Plant

posted by Dopefish on Saturday February 22 2014, @10:00PM   
from the all-hail-the-almighty-atom dept.

CyberB0B39 writes: "The Department of Energy is set to approve $6.5B for a Georgia nuclear power plant, the first such plant in more than 3 decades. While other nuclear plants are shutting down due to competition from natural gas, Atlanta-based Southern Company is forging ahead with its planned construction of the plant."

[ED Note: "For those that are wondering, the new nuclear plant will be based on the AP1000 design by Westinghouse Electric Company LLC, a company based in Pittsburgh, PA and a subsidiary of Toshiba."]

• Re:Have any reactors ever defaulted on the loan? (Score: 4, Informative) by evilviper on Sunday February 23 2014, @12:41AM

  by evilviper (1760) on Sunday February 23 2014, @12:41AM (#5080) Journal

  I searched the internet and found that people claim there's a 50% risk of default

  Doesn't matter... Haven't been any new nukes since the 1970s, so any numbers you get will be several decades old, and not necessarily relevant to the world, today.

  From TFA:

  "The project is widely considered a major test of whether the industry can build nuclear plants without the endemic delays and cost overruns that plagued earlier rounds of building in the 1970s."

  --
  Do YOU see ALL home-page stories?
  dev.soylentnews.org/search.pl?tid=1
  github.com/SoylentNews/slashcode/issues/78

  Parent

  Starting Score:	1		point
  Moderation		+2
  Interesting=1, Informative=2, Overrated=1, Total=4
  Extra 'Informative' Modifier		0
  Karma-Bonus Modifier		+1
  Total Score:		4