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The U.S. Nuclear Power Industry Takes A Giant Leap Forward Feb 12 Product Image

The U.S. Nuclear Power Industry Takes A Giant Leap Forward Feb 12

  • Published: February 2012
  • Region: United States
  • Standard & Poors

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Abstract
A milestone for the nuclear power industry occurred on Feb. 9, 2012, when the U.S. Nuclear Regulatory Commission approved the issuance of the combined construction and operating licenses (COL) for Georgia Power Co. to build two new nuclear power plants at its existing Vogtle site--breaking a more than 30-year gap in nuclear construction in the U.S. Georgia Power is Southern Co.'s largest operating subsidiary. (Watch the related CreditMatters TV segment titled, "U.S. Nuclear Power Takes A Giant Leap Forward," dated Feb. 16, 2012.) The new units will be Westinghouse AP1000 designs, each with 1,117 megawatts (MW) of capacity, of which Georgia Power will own 45.7% (1,020 MW). Oglethorpe Power Corp., MEAG Power, and Dalton Utilities will own the rest. The...

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