|By PR Newswire||
|January 16, 2014 02:12 PM EST||
Six rate increases already imposed on S.C. consumers, project now eating up estimated 11 percent of utility bills
COLUMBIA, S.C., Jan. 16, 2014 /PRNewswire-USNewswire/ -- The $1 billion cost overrun, lengthening project delays and construction problems at Southern Company's troubled Vogtle nuclear reactor project may get all the national headlines, but South Carolina Electric & Gas' V.C. Summer reactor project is now giving the well-publicized nuclear debacle in Georgia a run for its money. The growing list of problems at V.C. Summer include a half billion dollar cost overrun, pushed-back end dates for finishing the reactor and significant construction challenges, including with the reactor's critical shield building. The V.C. Summer and Vogtle projects are proceeding in parallel using the experimental Westinghouse AP1000 design.
Tom Clements, Friends of the Earth's South Carolina-based nuclear campaigner, made the following statement about the project: "The mess at the Vogtle reactor gets all the headlines highlighting the failed nuclear renaissance, but the V.C. Summer reactor construction project is in every bit as much trouble. As construction becomes more complex and schedule delays mount, V.C. Summer is emerging as an epic mistake at least as big as Vogtle. We have already seen six pay-in-advance rate increases in the state attributed to the V.C. Summer project, and we estimate it already accounts for a whopping 11 percent of the total utility bill -- the charges in which are only for financing costs. State regulators refuse to require the nuclear utility to detail in monthly utility bills how much ratepayer money is being wasted on the nuclear project. We expect rates to skyrocket when capital costs start coming into the bill, which will place the utility in a precarious position with customers. The hidden rip-off of construction work in progress payments situation in South Carolina, which is the only reason the project is proceeding, is even worse than in Georgia."
On January 10 of this year, the South Carolina Office of Regulatory Staff quietly released its "Review of South Carolina Electric & Gas Company's 2013 3rd Quarter Report on V. C. Summer Units 2 and 3 (http://www.regulatorystaff.sc.gov/Documents/Electric%20and%20Gas/ORSs%20Review%20of%20SCEGs%202013%203rd%20Quarter%20Report.pdf)." The AP1000 reactor project was approved by the South Carolina PSC on March 2, 2009.
A Friends of the Earth analysis of the recent state review shows:
- A near- half billion dollar ($478 million) cost overrun at the V.C. Summer reactor construction site: The PSC approved a $278 million cost increase in November 2012 that is being challenged by the Sierra Club. Though South Carolina Electric & Gas may try to hold CB&I, the maker of flawed modular components, liable for a $200 million overrun, it is possible that South Carolina. Ratepayers will be forced to pay for part of this cost increase. In spite of these identifiable cost increases, SCE&G claims the cost of the project has not increased.
- A significant pushback in the delivery date for the new reactor: According to the state report, "SCE&G's Milestone Schedule reflects a delay in the Unit 2 substantial completion date from March 15, 2017 to December 15, 2017, and a delay from May 15, 2018 to December 15, 2018 in the Unit 3 substantial completion date." The state found that 16 key milestones for the new V.C. Summer reactor have been delayed already by 10 months or longer. Continuing problems with module construction already have resulted in major cost overruns and could mean overall delays of 18 months or longer, which must be approved by the South Carolina Public Service Commission.
- Potentially serious problems loom with the design and manufacturing of the shield building, the large vented structure protecting the reactor containment and on which a passive cooling water tank is perched. The ORS reports stats that "Because of the production and quality issues associated with CB&I-LC, fabrication of the Shield Building modules has been reassigned to Newport News Industries in Virginia. Mobilization and preparation for production continued at NNI throughout the quarter. Although fabrication is now underway, no sub‐modules have been delivered to the site. A detailed schedule for their delivery is not yet available." The NRC will hold a public meeting on January 22 (http://meetings.nrc.gov/pmns/mtg?do=details&Code=20140042) to discuss the shield building design.
- South Carolina Public Service Authority, Santee Cooper, a 45 percent partner in the project that is not regulated by the PSC, wants to divest all or part of its share. The board of Santee Cooper is likely to vote at the board meeting on January 27 to sell a portion of the project to Duke Energy.
The next SCE&G quarterly report is due 45 days after the end of the fourth quarter 2013. The ORS review will be released about 45 days after that. Approximately $4.5 billion has already been spent on V.C. Summer to date.
Friends of the Earth fights to create a more healthy and just world. Our current campaigns focus on promoting clean energy and solutions to climate change, keeping toxic and risky technologies out of the food we eat and products we use, and protecting marine ecosystems and the people who live and work near them.
SOURCE Friends of the Earth, Washington, D.C. and Columbia, SC.
Successful digital transformation requires new organizational competencies and capabilities. Research tells us that the biggest impediment to successful transformation is human; consequently, the biggest enabler is a properly skilled and empowered workforce. In the digital age, new individual and collective competencies are required. In his session at 19th Cloud Expo, Bob Newhouse, CEO and founder of Agilitiv, will draw together recent research and lessons learned from emerging and established ...
Oct. 24, 2016 09:45 PM EDT Reads: 1,354
November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. Penta Security is a leading vendor for data security solutions, including its encryption solution, D’Amo. By using FPE technology, D’Amo allows for the implementation of encryption technology to sensitive data fields without modification to schema in the database environment. With businesses having their data become increasingly more complicated in their mission-critical applications (such as ERP, CRM, HRM), continued ...
Oct. 24, 2016 08:45 PM EDT Reads: 1,024
SYS-CON Events announced today that Enzu will exhibit at the 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. Enzu’s mission is to be the leading provider of enterprise cloud solutions worldwide. Enzu enables online businesses to use its IT infrastructure to their competitive advantage. By offering a suite of proven hosting and management services, Enzu wants companies to focus on the core of their online busine...
Oct. 24, 2016 08:30 PM EDT Reads: 1,323
Traditional on-premises data centers have long been the domain of modern data platforms like Apache Hadoop, meaning companies who build their business on public cloud were challenged to run Big Data processing and analytics at scale. But recent advancements in Hadoop performance, security, and most importantly cloud-native integrations, are giving organizations the ability to truly gain value from all their data. In his session at 19th Cloud Expo, David Tishgart, Director of Product Marketing ...
Oct. 24, 2016 08:15 PM EDT Reads: 2,583
For basic one-to-one voice or video calling solutions, WebRTC has proven to be a very powerful technology. Although WebRTC’s core functionality is to provide secure, real-time p2p media streaming, leveraging native platform features and server-side components brings up new communication capabilities for web and native mobile applications, allowing for advanced multi-user use cases such as video broadcasting, conferencing, and media recording.
Oct. 24, 2016 07:30 PM EDT Reads: 3,196
Established in 1998, Calsoft is a leading software product engineering Services Company specializing in Storage, Networking, Virtualization and Cloud business verticals. Calsoft provides End-to-End Product Development, Quality Assurance Sustenance, Solution Engineering and Professional Services expertise to assist customers in achieving their product development and business goals. The company's deep domain knowledge of Storage, Virtualization, Networking and Cloud verticals helps in delivering ...
Oct. 24, 2016 07:15 PM EDT Reads: 1,047
SYS-CON Events announced today that Cloudbric, a leading website security provider, will exhibit at the 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. Cloudbric is an elite full service website protection solution specifically designed for IT novices, entrepreneurs, and small and medium businesses. First launched in 2015, Cloudbric is based on the enterprise level Web Application Firewall by Penta Security Sys...
Oct. 24, 2016 07:15 PM EDT Reads: 1,162
The best way to leverage your Cloud Expo presence as a sponsor and exhibitor is to plan your news announcements around our events. The press covering Cloud Expo and @ThingsExpo will have access to these releases and will amplify your news announcements. More than two dozen Cloud companies either set deals at our shows or have announced their mergers and acquisitions at Cloud Expo. Product announcements during our show provide your company with the most reach through our targeted audiences.
Oct. 24, 2016 06:15 PM EDT Reads: 4,750
In the next five to ten years, millions, if not billions of things will become smarter. This smartness goes beyond connected things in our homes like the fridge, thermostat and fancy lighting, and into heavily regulated industries including aerospace, pharmaceutical/medical devices and energy. “Smartness” will embed itself within individual products that are part of our daily lives. We will engage with smart products - learning from them, informing them, and communicating with them. Smart produc...
Oct. 24, 2016 05:45 PM EDT Reads: 1,498
SYS-CON Events announced today that 910Telecom will exhibit at the 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. Housed in the classic Denver Gas & Electric Building, 910 15th St., 910Telecom is a carrier-neutral telecom hotel located in the heart of Denver. Adjacent to CenturyLink, AT&T, and Denver Main, 910Telecom offers connectivity to all major carriers, Internet service providers, Internet backbones and ...
Oct. 24, 2016 05:00 PM EDT Reads: 3,634
Extreme Computing is the ability to leverage highly performant infrastructure and software to accelerate Big Data, machine learning, HPC, and Enterprise applications. High IOPS Storage, low-latency networks, in-memory databases, GPUs and other parallel accelerators are being used to achieve faster results and help businesses make better decisions. In his session at 18th Cloud Expo, Michael O'Neill, Strategic Business Development at NVIDIA, focused on some of the unique ways extreme computing is...
Oct. 24, 2016 05:00 PM EDT Reads: 3,902
SYS-CON Events announced today that Coalfire will exhibit at the 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. Coalfire is the trusted leader in cybersecurity risk management and compliance services. Coalfire integrates advisory and technical assessments and recommendations to the corporate directors, executives, boards, and IT organizations for global brands and organizations in the technology, cloud, health...
Oct. 24, 2016 04:45 PM EDT Reads: 1,568
In his session at 19th Cloud Expo, Claude Remillard, Principal Program Manager in Developer Division at Microsoft, will contrast how his team used config as code and immutable patterns for continuous delivery of microservices and apps to the cloud. He will show the immutable patterns helps developers do away with most of the complexity of config as code-enabling scenarios such as rollback, zero downtime upgrades with far greater simplicity. He will also have live demos of building immutable pipe...
Oct. 24, 2016 04:30 PM EDT Reads: 1,591
SYS-CON Events announced today that Transparent Cloud Computing (T-Cloud) Consortium will exhibit at the 19th International Cloud Expo®, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. The Transparent Cloud Computing Consortium (T-Cloud Consortium) will conduct research activities into changes in the computing model as a result of collaboration between "device" and "cloud" and the creation of new value and markets through organic data proces...
Oct. 24, 2016 04:30 PM EDT Reads: 1,367
The Internet of Things (IoT), in all its myriad manifestations, has great potential. Much of that potential comes from the evolving data management and analytic (DMA) technologies and processes that allow us to gain insight from all of the IoT data that can be generated and gathered. This potential may never be met as those data sets are tied to specific industry verticals and single markets, with no clear way to use IoT data and sensor analytics to fulfill the hype being given the IoT today.
Oct. 24, 2016 04:15 PM EDT Reads: 2,606