Cat Clifford of CNBC reports on the start of Vogtle 3 in Georgia.
- Vogtle Unit 3 has begun operations in Georgia, marking the first time that a newly constructed nuclear power plant has entered the grid in nearly 30 years.
- The plant will power 500,000 homes and businesses with reliable, carbon-free power.
- Vogtle’s opening was several billion dollars over budget and delayed by over five years, due in large part to stringent and inefficient regulations.
- To lower the cost of nuclear power and bring more clean energy to the grid, lawmakers must modernize regulations for atomic energy.
“Initial cost estimates for both reactors were $14 billion, and they were expected to power up in 2016 and 2017. But the costs have ballooned to $30 billion so far, and unit 4 is still not turned on, nuclear energy experts Matt Bowen, Rama T. Ponangi, and Andrew Evans from Columbia said.”
Read the full article here.
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