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DOE Issues Final Loan Guarantees for Vogtle Nuclear Power Project

LCG, June 25, 2015-The Department of Energy (DOE) announced yesterday that it will issue $1.8 billion in loan guarantees to three subsidiaries of the Municipal Electric Authority of Georgia (MEAG Power) to support the construction of two advanced nuclear reactors at the Alvin W. Vogtle Electric Generating Plant, located in Georgia near the South Carolina border. The new units, Units 3 and 4, are expected to commence operations in 2019 and 2020, respectively.

Opening Ceremony Held for the 576-MW Gwynt y Môr Offshore Wind Farm

LCG, June 19, 2015-The inauguration ceremony for the world's 2nd largest offshore wind farm, Gwynt y Môr, occurred yesterday, with an official dedication by Carwyn Jones, First Minister of Wales. The wind farm, located eight miles offshore in Liverpool Bay, includes 160 wind turbines with a combined electric generating capacity of 576 MW. The $3.3 billion wind farm investment is shared by RWE (60 percent) and its partners in Gwynt y M?r, Stadtwerke M?nchen (30 percent) and Siemens (10 percent).

Industry News

NRC Extends Operating License for Entergy's Vermont Yankee Nuclear Plant

LCG, March 23, 2011--The U.S. Nuclear Regulatory Commission (NRC) issued on Monday a 20-year license extension to the Vermont Yankee nuclear plant, a 605-MW, nuclear reactor that is owned and operated by Entergy Corp. The existing operating license is scheduled to expire in March 2012.

Entergy's ability to extend the operating life of the plant remains somewhat uncertain, as Entergy apparently agreed to seek state approval to extend the life of the plant when the facility was acquired. Last year, the Vermont Senate voted against relicensing, and the new Governor (and former Senate pro tem) of Vermont is opposed to relicensing.

The recent earthquake, tsunami, and related challenges to control nuclear plant operations in Japan have elevated the concerns. A Vermont representative stated, "The radioactive release in Japan is the result of inundation by water.... We may be a seismically inactive area but we do face the power of water if nature decides to inundate the Vermont Yankee plant. Is it-- and the emergency support systems around it-- up to the task of protecting the people of Vermont?"



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