U.S. Energy Secretary Jennifer Granholm is calling for more nuclear reactors to be built in the United States and worldwide. But the CEO of the Georgia utility that just finished two reactors at a cost of nearly $35 billion says his company isn’t ready to pick up that baton.
The four nuclear reactors and cooling towers are seen at the Alvin W. Vogtle Electric Generating Plant, Friday, May 31, 2024, in Waynesboro, Ga. U.S. Energy Secretary Jennifer Granholm speaks to reporters, Friday, May 31, 2024, in Waynesboro, Ga. Granholm visited a newly completed nuclear reactor at the Alvin W. Vogtle Electric Generating Plant. Cooling tower three with one and two in the background are seen at the nuclear reactor facility at the Alvin W.
The federal government says it is easing the risks of nuclear construction, but the $11 billion in cost overruns at Plant Vogtle near Augusta remain sobering for other utilities. Chris Womack is the CEO of Southern Co., the Atlanta-based parent company of Georgia Power. He said he supports Granholm’s call for more nuclear-power generation, but he added that his company won’t build more soon.
“One of the first questions on their minds is: Can we provide them with what they need?” Kemp said. “We can confidently answer ‘Yes!’ because of days like today.” The Biden administration promised that the military would commission reactors, which could help drive down costs for others. It also noted support for smaller reactors, suggesting small reactors could replace coal-fueled electric generating plants that are closing. The administration also pledged to further streamline licensing.
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