• 6 minutes Trump vs. MbS
  • 11 minutes Can the World Survive without Saudi Oil?
  • 15 minutes WTI @ $75.75, headed for $64 - 67
  • 4 hours U.S. Shale Oil Debt: Deep the Denial
  • 19 hours Satellite Moons to Replace Streetlamps?!
  • 1 day EU to Splash Billions on Battery Factories
  • 15 hours The Dirt on Clean Electric Cars
  • 13 hours Owning stocks long-term low risk?
  • 2 hours Why I Think Natural Gas is the Logical Future of Energy
  • 6 hours Can “Renewables” Dent the World’s need for Electricity?
  • 3 days US top CEO's are spending their own money on the midterm elections
  • 3 days A $2 Trillion Saudi Aramco IPO Keeps Getting Less Realistic
  • 2 days The Balkans Are Coming Apart at the Seams Again
  • 2 days 47 Oil & Gas Projects Expected to Start in SE Asia between 2018 & 2025
  • 1 day The end of "King Coal" in the Wales
  • 2 days Uber IPO Proposals Value Company at $120 Billion
U.S. Shale Has A Glaring Problem

U.S. Shale Has A Glaring Problem

Even after more than two…

Approval Granted for First U.S. Nuclear Power Plant Since 1978

On Thursday the Nuclear Regulatory Commission approved the first nuclear power plant in the US since the Three Mile Island accident in Pennsylvania back in 1979. The Southern Co. based in Atlanta already operates two reactors at its Vogtle site near Augusta, and has just been granted permission to build another two reactors.

The Southern Co. President and CEO Thomas Fanning said that the approval was "a monumental accomplishment", not only the company, but also the nuclear industry as a whole. "We are committed to bringing these units online to deliver clean, safe and reliable energy to our customers." The reactors are projected to come online in 2016 and 2017 and will cost more than $14 billion to construct.

Many protests were raised against the nuclear reactors over fears of the structural safety and ability to withstand earthquakes and the like, following the March 2011 Disaster in Fukushima. Fanning assured that once all lessons have been learned from the Fukushima incident, that new safety changes will be designed and made to both existing and new reactors.

Many of the protestors are from local communities who claim that cancer has increased in the area since the opening of the first two Vogtle reactors. Willie Tomlin, pastor of the Thomas Grove Baptist Church in Waynesboro said of the decision, “I think it's a sad day for the people who live in this area.” Although there are also members of the community who are all for the new power plant. Vogtle is already the largest employer in the county and both city officials and local residents are looking forward to the 5,000 construction jobs and extra tax revenue expected.

By. James Burgess of Oilprice.com


x

Join the discussion | Back to homepage

Leave a comment

Leave a comment

Oilprice - The No. 1 Source for Oil & Energy News