Skip to main content

A Few Updates on New Reactor Projects

By

Summer Nuclear Units 2 and 3 Yesterday, SCANA held its Spring 2010 analyst meeting which provided an update on the progress of Summer nuclear units 2 & 3. Among the wealth of new pictures (pdf) and stats, the biggest pieces of news are that the project is slightly under budget and may come in almost $1B less than planned once completed (still early though). Here’s Steve Byrne (pdf) - SCANA Corp.’s Executive VP and Chief Nuclear Officer (p. 26):

Quick cost update; this is a total project cost which includes for us escalation and contingencies. So generally our contract was negotiated in 2007 dollars, here what you're seeing are escalated numbers [chart below]. The project to-date should have spent about a little over $1 billion, we spent a little under $1 billion. You can see that the project budget is about 10.6 based on the current escalation factors; we think we're going to come in at about 9.8.

Those numbers are going to change. I don't get too excited about them dropping or raising a little bit; those are going to change as the project goes forward. But what it says is that our current projections based on what's called a Handy-Whitman Index for inflation, would yield a result that's a little bit lower than what the budget is, so that's a positive sign.

SCANA - nuclear cost projections

On top of SCANA’s presentation, the owners of the two planned units at South Texas Project completed a major labor agreement:

Nuclear Innovation North America LLC (NINA), the nuclear development company jointly owned by NRG Energy, Inc. (NYSE:NRG) and Toshiba Corporation, has announced an agreement for the Building and Construction Trades Department (BCTD) of the AFL-CIO to provide skilled union labor to construct the two new nuclear units at the South Texas Project (STP).

Approximately 6,000 people will work up to 25 million hours to build the new units, STP 3&4, which are located about 100 miles southwest of Houston in Matagorda County, Texas.

…

A 2010 economic study conducted by The Perryman Group, a Texas economic and financial analysis firm, estimates construction of STP 3&4 will generate more than $15 billion in business activity in America as well as $3.6 billion in spending and $600 million in local and state revenues annually once the two units are operational.

Looks like the industry is growing steadily along!

Labels:

Comments

Anonymous said…
Pretty amazing stuff at Summer. They look serious and far along. Westinghouse appears to be the big winner in the US at this stage.
April 12, 2010 at 5:33 PM
Post a Comment

Popular posts from this blog

A Design Team Pictures the Future of Nuclear Energy

By
For more than 100 years, the shape and location of human settlements has been defined in large part by energy and water. Cities grew up near natural resources like hydropower, and near water for agricultural, industrial and household use.

So what would the world look like with a new generation of small nuclear reactors that could provide abundant, clean energy for electricity, water pumping and desalination and industrial processes?

Hard to say with precision, but Third Way, the non-partisan think tank, asked the design team at the Washington, D.C. office of Gensler & Associates, an architecture and interior design firm that specializes in sustainable projects like a complex that houses the NFL’s Dallas Cowboys. The talented designers saw a blooming desert and a cozy arctic village, an old urban mill re-purposed as an energy producer, a data center that integrates solar panels on its sprawling flat roofs, a naval base and a humming transit hub.

In the converted mill, high temperat…
Post a Comment
Read more

Sneak Peek

By
There's an invisible force powering and propelling our way of life.
It's all around us. You can't feel it. Smell it. Or taste it.
But it's there all the same. And if you look close enough, you can see all the amazing and wondrous things it does.
It not only powers our cities and towns.
And all the high-tech things we love.
It gives us the power to invent.
To explore.
To discover.
To create advanced technologies.
This invisible force creates jobs out of thin air.
It adds billions to our economy.
It's on even when we're not.
And stays on no matter what Mother Nature throws at it.
This invisible force takes us to the outer reaches of outer space.
And to the very depths of our oceans.
It brings us together. And it makes us better.
And most importantly, it has the power to do all this in our lifetime while barely leaving a trace.
Some people might say it's kind of unbelievable.
They wonder, what is this new power that does all these extraordinary things?
Post a Comment
Read more

Seeing the Light on Nuclear Energy

By
If you think that there is plenty of electricity, that the air is clean enough and that nuclear power is a just one among many options for meeting human needs, then you are probably over-focused on the United States or Western Europe. Even then, you’d be wrong.

That’s the idea at the heart of a new book, “Seeing the Light: The Case for Nuclear Power in the 21st Century,” by Scott L. Montgomery, a geoscientist and energy expert, and Thomas Graham Jr., a retired ambassador and arms control expert.


Billions of people live in energy poverty, they write, and even those who don’t, those who live in places where there is always an electric outlet or a light switch handy, we need to unmake the last 200 years of energy history, and move to non-carbon sources. Energy is integral to our lives but the authors cite a World Health Organization estimate that more than 6.5 million people die each year from air pollution.  In addition, they say, the global climate is heading for ruinous instability. E…
Post a Comment
Read more