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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 Approves Rule to Amend AP1000 Nuclear Reactor Design

LCG, December 26, 2011--The Nuclear Regulatory Commission (NRC) Wednesday voted to approve a rule that certifies an amended version of Westinghouse's AP1000 reactor design for use in the United States. NRC certification, in the form of a final rule, means the design meets the NRC's applicable safety requirements.

The NRC will make the rule immediately effective once it is published in the Federal Register, which is expected to be published within seven business days of the vote. The application to amend the 1,100-MW, electric pressurized-water reactor with passive safety features was submitted by Westinghouse on May 27, 2007.

NRC Chairman Gregory B. Jaczko stated, "The Commission is able to reach this final step in approving the amended AP1000 reactor design due to the staff?s dedicated work ensuring the design meets NRC's safety requirements. The design provides enhanced safety margins through use of simplified, inherent, passive, or other innovative safety and security functions, and also has been assessed to ensure it could withstand damage from an aircraft impact without significant release of radioactive materials."

The NRC received the original AP1000 plant design from Westinghouse back in March 2002, and the NRC issued a rule certifying the design on January 27, 2006.

The NRC is now reviewing six Combined Construction and Operating License (COL) applications that reference the amended AP1000 design. Southern Company, one of the leading applicants, is developing two AP1000 reactors at Plant Vogtle in Georgia. Southern Nuclear, a Southern Company subsidiary that operates Plant Vogtle's two existing nuclear units, is overseeing construction on the $14 billion project. Southern Nuclear is working under a Limited Work Authorization permit (since 2009) that allows for certain safety-related construction activities. Southern Nuclear will also operate the two new units. Southern expects commercial operations of the two new nuclear units to commence in 2016 and 2017, respectively.




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