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Tag: Fate

Marcos, Pacquiao Could Decide Nuclear’s Fate in Philippines

April 20, 2022
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| Industry News

The candidate leading in the polls just weeks ahead of the May 9 presidential election in the Philippines has vowed to make nuclear power part of the country’s energy mix if he is elected, saying it is the best technology to tackle the country’s high electricity prices.

Other candidates, while noting the importance of nuclear power, have said the country must transition to more renewable energy resources if it wants solve both economic and climate issues.

Ferdinand Marcos Jr., whose father Ferdinand Marcos Sr. ruled the country from 1965 to 1986, including instituting martial law for nearly a decade, is considered the frontrunner among 10 presidential candidates. The list of rivals includes retired Filipino sports star Manny Pacquiao, revered in the Philippines for his professional boxing career and who has served as a legislator in the country since 2016. Marcos Jr.’s main challenger, according to recent polling, is Leni Robredo, the country’s current vice president.

Others in the race include Manila Mayor Isko Moreno Domagoso, and legislator Panfilo Lacson.…

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Georgia PSC Will Decide Vogtle’s Fate on December 21

December 12, 2017
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The Georgia Public Service Commission on December 11 said it will decide December 21 whether to allow construction of two new nuclear reactors at the Plant Vogtle site to move forward, or call for the project to be canceled.

Commissioners voted Monday to move up the timetable for a decision on the troubled nuclear project after noting that Georgia Power CEO Paul Bowers said his company would pass through $ 150 million in tax savings to ratepayers, if the project is canceled by year-end. The move came on the first of four days of hearings in Atlanta, Georgia, to determine the next steps for the PSC and Georgia Power with regard to the oft-delayed construction of two new AP1000 reactors at the nuclear plant near Waynesboro, Georgia.

This week’s hearings had been expected to pave the way for a PSC decision on the project’s fate, a decision originally scheduled for February 2018. POWER magazine has been among those reporting that pending changes to the federal corporate tax rate structure under consideration by Congress could accelerate that timetable.…

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Vogtle, V.C. Summer Project Owners Buy More Time to Mull Fate of Nuclear Units

May 1, 2017
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The owners of the Vogtle and V.C. Summer nuclear expansions separately secured a few more weeks to allow work to continue onsite at each project while they decide how to proceed with the half-built AP1000 reactors after Westinghouse’s financial debacle.

In Georgia, owners of the project to expand Plant Vogtle extended an interim assessment agreement with Westinghouse until May 12. But Georgia Power’s parent company Southern Co. also revealed it is negotiating a new service agreement that could engage Westinghouse to provide design, engineering, and procurement services in the event Southern Nuclear Operating Co.—Southern Co.’s nuclear unit operations arm—takes over management of construction at Units 3 and 4.

And in South Carolina, owners of the project to expand V.C. Summer extended a similar agreement through June 26. The project owners detailed their concerns and options in a recent ex parte briefing at the South Carolina Public Service Commission (PSC)

Vogtle Agreement Extended Until May 12

Georgia Power and Vogtle’s other owners on April 28 extended an interim assessment agreement with Westinghouse before it was set to expire, giving them until May 12 to assess the project.…

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