Current:Home > MarketsFirst American nuclear reactor built from scratch in decades enters commercial operation in Georgia -WealthSphere Pro
First American nuclear reactor built from scratch in decades enters commercial operation in Georgia
View
Date:2025-04-14 04:07:32
ATLANTA (AP) — A new reactor at a nuclear power plant in Georgia has entered commercial operation, becoming the first new American reactor built from scratch in decades.
Georgia Power Co. announced Monday that Unit 3 at Plant Vogtle, southeast of Augusta, has completed testing and is now sending power to the grid reliably.
At its full output of 1,100 megawatts of electricity, Unit 3 can power 500,000 homes and businesses. Utilities in Georgia, Florida and Alabama are receiving the electricity.
A fourth reactor is also nearing completion at the site, where two earlier reactors have been generating electricity for decades. The Nuclear Regulatory Commission on Friday said radioactive fuel could be loaded into Unit 4, a step expected to take place before the end of September. Unit 4 is scheduled to enter commercial operation by March.
The third and fourth reactors were originally supposed to cost $14 billion, but are now on track to cost their owners $31 billion. That doesn’t include $3.7 billion that original contractor Westinghouse paid to the owners to walk away from the project. That brings total spending to almost $35 billion.
The third reactor was supposed to start generating power in 2016 when construction began in 2009.
Vogtle is important because government officials and some utilities are again looking to nuclear power to alleviate climate change by generating electricity without burning natural gas, coal and oil.
In Georgia, almost every electric customer will pay for Vogtle. Georgia Power, the largest unit of Atlanta-based Southern Co., currently owns 45.7% of the reactors. Smaller shares are owned by Oglethorpe Power Corp., which provides electricity to member-owned cooperatives, the Municipal Electric Authority of Georgia and the city of Dalton. Oglethorpe and MEAG plan to sell power to cooperatives and municipal utilities across Georgia, as well in Jacksonville, Florida, and parts of Alabama and the Florida Panhandle.
Georgia Power’s 2.7 million customers are already paying part of the financing cost and elected public service commissioners have approved a monthly rate increase of $3.78 a month for residential customers as soon as the third unit begins generating power. That could hit bills in August, two months after residential customers saw a $16-a-month increase to pay for higher fuel costs.
Commissioners will decide later who pays for the remainder of the costs of Vogtle, including the fourth reactor.
veryGood! (1755)
Related
- 'Kraven the Hunter' spoilers! Let's dig into that twisty ending, supervillain reveal
- 'Feud: Capote vs. The Swans': Who plays Truman Capote and his 'Swans' in new FX series?
- New coach Jim Harbaugh will have the Chargers in a Super Bowl sooner than you think
- Tennessee GOP leaders see no issue with state’s voting-rights restoration system
- NFL Week 15 picks straight up and against spread: Bills, Lions put No. 1 seed hopes on line
- Puerto Rico averts strike at biggest public health institution after reaching a deal with workers
- Trump accuses DA Fani Willis of inappropriately injecting race into Georgia election case
- Gang violence is surging to unprecedented levels in Haiti, UN envoy says
- Justice Department, Louisville reach deal after probe prompted by Breonna Taylor killing
- A portrait of America's young adults: More debt burdened and financially dependent on their parents
Ranking
- 2 killed, 3 injured in shooting at makeshift club in Houston
- Senate deal on border and Ukraine at risk of collapse as Trump pushes stronger measures
- You'll Have Love on the Brain After Seeing Rihanna and A$AP Rocky's Paris Outing
- Raheem Morris hired as head coach by Atlanta Falcons, who pass on Bill Belichick
- San Francisco names street for Associated Press photographer who captured the iconic Iwo Jima photo
- New coach Jim Harbaugh will have the Chargers in a Super Bowl sooner than you think
- Remains found at a central Indiana estate are those of a man who has been missing since 1993
- Ohio attorney general rejects voting-rights coalition’s ballot petition for a 2nd time
Recommendation
Paige Bueckers vs. Hannah Hidalgo highlights women's basketball games to watch
Steeple of historic Connecticut church collapses, no injuries reported
Where do things stand with the sexual assault case involving 2018 Canada world junior players?
Sofia Richie Is Pregnant, Expecting First Baby With Husband Elliot Grainge
What to know about Tuesday’s US House primaries to replace Matt Gaetz and Mike Waltz
Losing a job in your 50s is extremely tough. Here are 3 steps to take when layoffs happen.
Mississippi ballot initiative proposal would not allow changes to abortion laws
Map: See where cicada broods will emerge for first time in over 200 years