Is Vogtle Nuclear Expansion on Schedule? CEO Sounds Confident
The post Is Vogtle Nuclear Expansion on Schedule? CEO Sounds Confident appeared first on POWER Magazine.
“We still expect to meet the November regulatory-approved in-service dates for both Units 3 and 4,” Southern Company CEO Tom Fanning said during the company’s first quarter earnings call on April 30. The in-service dates he was referring to are November 2021 and November 2022 for Units 3 and 4, respectively, at the Vogtle nuclear expansion project near Waynesboro, Georgia. The project is owned by four partners: Southern Company subsidiary Georgia Power (45.7%), Oglethorpe Power Corp. (OPC, 30%), Municipal Electric Authority of Georgia (MEAG Power, 22.7%), and Dalton Utilities (1.6%).
Furthermore, Fanning said site managers continue to believe they can hit target dates set in the company’s “Aggressive Site Workplan,” which are May 2021 and May 2022, respectively. “Is it riskier than it was before? Yeah. But it’s still a reasonable objective; otherwise, we wouldn’t stick with it,” said Fanning.
Significant Progress Made on Both New Vogtle Units
About two weeks ago, Southern Company announced it would reduce the workforce on the project by 20% in an effort to mitigate the impacts of COVID-19.…
Making Sense of the Future After Losing a Job You Love – Harvard Business Review
Making Sense of the Future After Losing a Job You Love Harvard Business Review
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GE, Siemens, Utilities Take Hits From Coronavirus
The post GE, Siemens, Utilities Take Hits From Coronavirus appeared first on POWER Magazine.
U.S. power plant operators continue to change procedures at their facilities, including pushing back scheduled maintenance, due to lockdowns and quarantines associated with the coronavirus pandemic. The changes are impacting companies such as General Electric (GE) and Siemens, which are major service providers to power plants, at a time when these global companies already are taking a revenue hit due to COVID-19.
Maintenance of power plant generation equipment is a major revenue source for Siemens, GE, and other equipment manufacturers. GE’s aviation unit earlier this month announced it would furlough half of the division’s engine manufacturing workers, idling thousands of staff for as much as four weeks. That announcement came a few weeks after the company said it would cut 10% of the workers in that unit, or about 2,600 jobs. The company’s aviation business is struggling as airlines worldwide reduce orders, with many airlines simply parking planes due to the global collapse in air travel.…