JOURNAL ARTICLE

First new U.S. nuclear plant in decades splits first atoms in Georgia.

  • Published In: Fortune.com, 2023. P. N.PAG 1 of 3

  • Database: Business Source Ultimate 2 of 3

  • Authored By: Amy, Jeff 3 of 3

Abstract

The article focuses on the progress of a nuclear power plant in Georgia, specifically the Plant Vogtle, where one of its two new reactors has achieved self-sustaining nuclear fission, a significant milestone toward commercial operation. The reactors, the first built from scratch in decades in the U.S., have faced substantial delays and cost overruns, with total expenses now exceeding $34 billion, far above the initial estimate of $14 billion. Unit 3 is expected to begin commercial operation by mid-2024, while Unit 4 is projected to start between November 2023 and March 2024. Georgia Power, which owns a minority stake in the reactors, has indicated that customers will begin to see rate increases to help cover financing costs as the units come online. The ongoing challenges at Vogtle may influence future nuclear projects in the country. [Extracted from the article]

Additional Information

  • Source:Fortune.com. 2023/03, pN.PAG
  • Document Type:Article
  • Subject Area:Power and Energy
  • Publication Date:2023
  • Accession Number:162295237
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