Energy From Thorium Discussion Forum

It is currently Sep 25, 2017 6:37 am

All times are UTC - 6 hours [ DST ]




Post new topic Reply to topic  [ 122 posts ]  Go to page Previous  1, 2, 3, 4, 5, 6, 7, 8, 9  Next
Author Message
PostPosted: Apr 11, 2017 2:12 pm 
Offline

Joined: Jun 19, 2013 11:49 am
Posts: 1488
It now appears that moorside is dead.


Top
 Profile  
 
PostPosted: Apr 12, 2017 6:25 am 
Offline

Joined: Feb 28, 2011 10:10 am
Posts: 345
E Ireland wrote:
It now appears that moorside is dead.


Perhaps the Koreans (KEPCO) should deserve a chance with their AP1400 at the Moorside location. They seem more successful than Areva or Toshiba-Westinghouse in pulling off such a large construction project and delivering it on time. KEPCO's project in the UAE has been quite successful.


Top
 Profile  
 
PostPosted: Apr 12, 2017 8:58 am 
Offline
User avatar

Joined: Nov 30, 2006 3:30 pm
Posts: 3286
Location: Alabama
Westinghouse CEO tries to spread optimism despite bankruptcy


Top
 Profile  
 
PostPosted: Apr 12, 2017 4:19 pm 
Offline

Joined: Jun 19, 2013 11:49 am
Posts: 1488
camiel wrote:
E Ireland wrote:
It now appears that moorside is dead.


Perhaps the Koreans (KEPCO) should deserve a chance with their AP1400 at the Moorside location. They seem more successful than Areva or Toshiba-Westinghouse in pulling off such a large construction project and delivering it on time. KEPCO's project in the UAE has been quite successful.

And another decade is lost to the restarted planning and approvals process.


Top
 Profile  
 
PostPosted: Apr 12, 2017 7:50 pm 
Offline
User avatar

Joined: Nov 30, 2006 3:30 pm
Posts: 3286
Location: Alabama
Westinghouse bankruptcy could grind US nuclear sector to a halt

Toshiba losses trigger fresh angst over U.S. reactor projects


Top
 Profile  
 
PostPosted: Apr 14, 2017 5:47 pm 
Offline
User avatar

Joined: Nov 30, 2006 3:30 pm
Posts: 3286
Location: Alabama
‘Toshiba Has Become a Laughingstock’: Angry Shareholders Vent at CEO After Westinghouse Bankruptcy


Top
 Profile  
 
PostPosted: Apr 26, 2017 9:28 pm 
Offline
User avatar

Joined: Nov 30, 2006 3:30 pm
Posts: 3286
Location: Alabama
Private Equity Weighs Nuclear Option: Westinghouse Electric

Quote:
On the eve of the bankruptcy of Westinghouse Electric Co. -- a major blow to the nuclear industry -- around 10 private investment firms were circling. Victorious among them was Apollo Global Management LLC, which won a bidding war to lend Westinghouse $800 million to fund operations as it tries to reorganize. The loan now gives the private equity firm a prime seat at the table where the company’s future will be determined.


Well, time will tell whether Apollo Global Management's $800M loan is a victory or not. If Westinghouse can't repay it, then they'll regret their "victory".


Top
 Profile  
 
PostPosted: Apr 28, 2017 10:04 pm 
Offline
User avatar

Joined: Nov 30, 2006 3:30 pm
Posts: 3286
Location: Alabama
Westinghouse DIP Loan Seen as Intellectual-Property Grab

Quote:
An $800 million loan proposed to keep Westinghouse Electric Co. alive in bankruptcy is drawing fire from utility owner Southern Co., which warned that lender Apollo Global Management LLC would gain the keys to intellectual property and the ultimate fate over stalled U.S. nuclear projects. The loan, which has yet to win court approval, appears to use valuable intellectual property as collateral. That means New York-based Apollo, led by billionaire Leon Black, could disrupt or halt completion of four nuclear plants if it foreclosed on the debt, Southern’s Georgia Power Co. and the city of Dalton, Georgia, said in objections to the loan filed in Manhattan bankruptcy court Wednesday. The plants, in Georgia and South Carolina, were the first nuclear projects to receive construction approval in more than 30 years. “The possibility would exist that the DIP lenders would later foreclose on the intellectual property, which could seriously disrupt or even potentially halt construction of the project,” the owners said, referring to Apollo, which agreed to provide the DIP, or debtor-in possession, loan. Georgia Power, Dalton and other co-owners are invested in two of the plants, known as the Vogtle project.


Top
 Profile  
 
PostPosted: May 02, 2017 10:11 am 
Offline
User avatar

Joined: Nov 30, 2006 3:30 pm
Posts: 3286
Location: Alabama
How two cutting edge U.S. nuclear projects bankrupted Westinghouse

Quote:
The approach - building pre-fabricated sections of the plants before sending them to the construction sites for assembly - was supposed to revolutionize the industry by making it cheaper and safer to build nuclear plants. But Westinghouse miscalculated the time it would take, and the possible pitfalls involved, in rolling out its innovative AP1000 nuclear plants, according to a close examination by Reuters of the projects. Those problems have led to an estimated $13 billion in cost overruns and left in doubt the future of the two plants, the one in Georgia and another in South Carolina.


Top
 Profile  
 
PostPosted: May 07, 2017 9:18 am 
Offline
User avatar

Joined: Nov 30, 2006 3:30 pm
Posts: 3286
Location: Alabama
Toshiba bankruptcy threatens Moorside


Top
 Profile  
 
PostPosted: May 10, 2017 2:43 am 
Offline

Joined: Apr 19, 2008 1:06 am
Posts: 2221
Rosatom and the Chinese are the places to get new reactors built. If you do not trust them, there are gas plants.


Top
 Profile  
 
PostPosted: May 11, 2017 8:29 pm 
Offline
User avatar

Joined: Nov 30, 2006 3:30 pm
Posts: 3286
Location: Alabama
Vogtle discussion heat up at Georgia PSC hearing

Quote:
The Georgia Public Service Commission held a contentious hearing Thursday to review the Plant Vogtle Construction Monitoring Report for the second half of 2016, including an opening salvo of public comment. The construction of Vogtle’s expansion nuclear power generators known as Units 3 and 4 have been under added scrutiny for months. When contract company and reactor designer Westinghouse, American Subsidiary of Toshiba Corp., announced major losses early this year ahead of its third quarter earnings statements, fear of bankruptcy set in. Those fears were realized March 29, when Westinghouse filed for protections under bankruptcy law. Since then, uncertainty has dominated conversations with the PSC, and even Georgia Power, primary owner and stakeholder in the Vogtle expansion, has responded to inquiries by saying little more than situational analysis is ongoing.

The hearing was designated as a semi-annual approval or disapproval process for expenditures related to the previous construction monitoring report. Thursday’s hearing covered the time between July 1 and December 31, 2016. But questions about the fiscal viability and progress concerns under the Westinghouse bankruptcy heavily influenced questioning. According to testimony and responses to questions, Georgia Power executives told the PSC the original contractor estimate for construction was $4.4 billion. They also testified that as of the end of 2016, already past the original operational deadline, $3.9 billion had been spent. Georgia Power told the commissioners that the project was deemed 64 percent complete with all factors included and construction was 42 percent complete in March of last year. Georgia Power said billions more could be incurred before the project is finished. And that doesn’t include considerations for costs related to bankruptcy.

One of the commissioners asked Georgia Power representatives what options were on the table for the project moving forward. “All options are being considered, including finishing both units, constructing one and not the other, or abandoning both,” a Georgia Power official said. After recess was called for lunch, commissioners still on the open audio webcast said, “One thing that hasn’t been brought up today is the potential conversion to natural gas. We will have to wait and see what happens when they bring their report to us.” An interim agreement between the utility owners and Westinghouse was installed immediately following bankruptcy. That 30-day agreement ends Friday. During the hearing Georgia Power told commissioners they haven’t finished analysis yet and expect to do so within 30-35 days; leaving another extension likely. Georgia Power also told commissioners the company spent $50 million on the analysis since March 29.

One of the official cross-examining organizations, Concerned Ratepayers of Georgia, noted construction progress mentioned in the utility company’s testimony was paid for by the monthly bills of Georgia Power customers. Steve Prenovitz of CRG asked the company executives how many setbacks they had during the reporting period because it wasn’t included in testimony. Georgia Power said the contractor fell behind an additional four months, leaving the second set of operational deadlines in 2019 and 2020 unattainable.

Before going into recess for lunch, Lauren McDonald said he wanted to go to lunch and move the speaker to the end of the line so he could “go home later and let one of the other commissioners deal with him.” McDonald said, “I hate to say this on record, but my 14-year-old grandson could ask better questions.” The Commission was not any gentler with the public who had a chance to enter their thoughts into record at the beginning of the hearing. Stephanie Coffin, a member of Atlanta’s Grandmothers for Peace said, “When you’re in a hole, you should stop digging.” She exhibited a wanted poster depicting all members of the PSC that read “Not one more cent for Vogtle.”

“When I show this to people in public, people who ride the Metro, they are shocked,” she said. “They see all men on the commission.” Coffin said she wanted to encourage diversity. The commissioners laughed. “We don’t control the voters, they put us here” Everett said. “This is what they wanted.” Other public speakers voiced their concerns as well, noting the elderly who have been required to pay for the project for years would never see its completion or receive benefit. They also voiced concerns about nuclear waste storage and future high costs of decommissioning once the plant was too old to operate. During lunch recess, with the microphones still on, the commissioners debated about whether or not Georgia Power should foot the bill for overages, especially because of their lobbying efforts that passed legislation allowing them to collect from ratepayers for construction upfront.

They also discussed an additional option for moving forward. Once commissioner said, “It has been brought up today, but there is always the option we might see if Georgia Power wants to convert the units to natural gas.” It is unclear if an extension to the interim agreement will be reached Friday. Without it, construction could come to a halt, leaving the approximately 6,000 workers on site temporarily out of work. The PSC will vote to approve or deny construction expenditures during the latter half of 2016 in August, after hearing from staff, witnesses and interveners next month.


Top
 Profile  
 
PostPosted: May 12, 2017 6:34 pm 
Offline
User avatar

Joined: Nov 30, 2006 3:30 pm
Posts: 3286
Location: Alabama
Southern Company: ‘Weeks’ before we’ll know cost of Plant Vogtle

Quote:
An army of about 6,000 workers is building two new reactors at Vogtle, but the job is well over $3 billion over budget and more than three years behind schedule. Georgia Power officials said the project slipped at least four months farther behind schedule in the second half of 2016, and has fallen farther behind this year. Partly because of Westinghouse’s bankruptcy, the utility’s executives told the PSC they no longer expect to be able to finish the reactors by the end of 2020 — the latest deadline set last year under a settlement between the agency and Georgia Power. The project is being bankrolled by more than $8 billion in federal loans and loan guarantees, as well as nearly $2 billion paid through “financing” surcharges that add about $100 a year to residential customers’ bills.


Top
 Profile  
 
PostPosted: May 13, 2017 2:34 pm 
Offline
User avatar

Joined: Nov 30, 2006 3:30 pm
Posts: 3286
Location: Alabama
Southern to Take Over Nuclear Project From Westinghouse in U.S.


Top
 Profile  
 
PostPosted: May 16, 2017 9:49 am 
Offline
User avatar

Joined: Dec 22, 2015 8:40 pm
Posts: 353
Location: Florida
Kirk: I'm kind of glad you're not writing your opinions on this. The short answer is that the MSR is a better design for nuclear energy than the LWR. The long answer is highly diffuse like solar energy spread out in this forum and others. Thanks for posting these articles.

_________________
"Those who say it can’t be done are usually interrupted by others doing it."

—James Arthur Baldwin, American novelist, essayist, playwright, poet, and social critic


Top
 Profile  
 
Display posts from previous:  Sort by  
Post new topic Reply to topic  [ 122 posts ]  Go to page Previous  1, 2, 3, 4, 5, 6, 7, 8, 9  Next

All times are UTC - 6 hours [ DST ]


Who is online

Users browsing this forum: No registered users and 1 guest


You cannot post new topics in this forum
You cannot reply to topics in this forum
You cannot edit your posts in this forum
You cannot delete your posts in this forum
You cannot post attachments in this forum

Search for:
Jump to:  
Powered by phpBB® Forum Software © phpBB Group