|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.
Scott Jenson leads a project called The Physical Web within the Chrome team at Google. Project members are working to take the scalability and openness of the web and use it to talk to the exponentially exploding range of smart devices. Nearly every company today working on the IoT comes up with the same basic solution: use my server and you'll be fine. But if we really believe there will be trillions of these devices, that just can't scale. We need a system that is open a scalable and by using ...
Jan. 30, 2015 02:00 AM EST Reads: 2,990
Code Halos - aka "digital fingerprints" - are the key organizing principle to understand a) how dumb things become smart and b) how to monetize this dynamic. In his session at @ThingsExpo, Robert Brown, AVP, Center for the Future of Work at Cognizant Technology Solutions, outlined research, analysis and recommendations from his recently published book on this phenomena on the way leading edge organizations like GE and Disney are unlocking the Internet of Things opportunity and what steps your o...
Jan. 30, 2015 02:00 AM EST Reads: 3,009
In their session at @ThingsExpo, Shyam Varan Nath, Principal Architect at GE, and Ibrahim Gokcen, who leads GE's advanced IoT analytics, focused on the Internet of Things / Industrial Internet and how to make it operational for business end-users. Learn about the challenges posed by machine and sensor data and how to marry it with enterprise data. They also discussed the tips and tricks to provide the Industrial Internet as an end-user consumable service using Big Data Analytics and Industrial C...
Jan. 30, 2015 01:00 AM EST Reads: 2,884
How do APIs and IoT relate? The answer is not as simple as merely adding an API on top of a dumb device, but rather about understanding the architectural patterns for implementing an IoT fabric. There are typically two or three trends: Exposing the device to a management framework Exposing that management framework to a business centric logic Exposing that business layer and data to end users. This last trend is the IoT stack, which involves a new shift in the separation of what stuff happe...
Jan. 30, 2015 12:30 AM EST Reads: 3,025
Log data provides the most granular view into what is happening across your systems, applications, and end users. Logs can show you where the issues are in real-time, and provide a historical trending view over time. Logs give you the whole picture. Logentries, a log management and analytics service built for the cloud, has announced a new integration with Slack, the team communication platform, to enable real-time system and application monitoring. Users of both services can now receive real-...
Jan. 29, 2015 11:45 PM EST Reads: 721
The 4th International DevOps Summit, co-located with16th International Cloud Expo – being held June 9-11, 2015, at the Javits Center in New York City, NY – announces that its Call for Papers is now open. Born out of proven success in agile development, cloud computing, and process automation, DevOps is a macro trend you cannot afford to miss. From showcase success stories from early adopters and web-scale businesses, DevOps is expanding to organizations of all sizes, including the world's large...
Jan. 29, 2015 10:00 PM EST Reads: 3,669
At 15th Cloud Expo, Shrikant Pattathil, Executive Vice President at Harbinger Systems, demos a video delivery platform that helps you do interactive videos. He discusses how Harbinger is accomplishing it in the cloud world, the problems they faced and the choices they made to get around these problems.
Jan. 29, 2015 09:15 PM EST Reads: 1,557
“Will Jaya is a direct source for server integration and storage solutions. If you are looking for any specific configurations for a project we can help you configure based on your needs and requirements," explained Netty Goya, CEO of Will Jaya, in this SYS-CON.tv interview at 15th Cloud Expo, held Nov 4–6, 2014, at the Santa Clara Convention Center in Santa Clara, CA.
Jan. 29, 2015 08:30 PM EST Reads: 1,618
“DevOps is really about the business. The business is under pressure today, competitively in the marketplace to respond to the expectations of the customer. The business is driving IT and the problem is that IT isn't responding fast enough," explained Mark Levy, Senior Product Marketing Manager at Serena Software, in this SYS-CON.tv interview at DevOps Summit, held Nov 4–6, 2014, at the Santa Clara Convention Center in Santa Clara, CA.
Jan. 29, 2015 07:00 PM EST Reads: 2,499
“The year of the cloud – we have no idea when it's really happening but we think it's happening now. For those technology providers like Zentera that are helping enterprises move to the cloud - it's been fun to watch," noted Mike Loftus, VP Product Management and Marketing at Zentera Systems, in this SYS-CON.tv interview at Cloud Expo, held Nov 4–6, 2014, at the Santa Clara Convention Center in Santa Clara, CA.
Jan. 29, 2015 07:00 PM EST Reads: 2,243
IoT is still a vague buzzword for many people. In his session at @ThingsExpo, Mike Kavis, Vice President & Principal Cloud Architect at Cloud Technology Partners, discussed the business value of IoT that goes far beyond the general public's perception that IoT is all about wearables and home consumer services. He also discussed how IoT is perceived by investors and how venture capitalist access this space. Other topics discussed were barriers to success, what is new, what is old, and what th...
Jan. 29, 2015 06:15 PM EST Reads: 4,096
Dale Kim is the Director of Industry Solutions at MapR. His background includes a variety of technical and management roles at information technology companies. While his experience includes work with relational databases, much of his career pertains to non-relational data in the areas of search, content management, and NoSQL, and includes senior roles in technical marketing, sales engineering, and support engineering. Dale holds an MBA from Santa Clara University, and a BA in Computer Science f...
Jan. 29, 2015 06:00 PM EST Reads: 3,284
The Internet of Things (IoT) is rapidly in the process of breaking from its heretofore relatively obscure enterprise applications (such as plant floor control and supply chain management) and going mainstream into the consumer space. More and more creative folks are interconnecting everyday products such as household items, mobile devices, appliances and cars, and unleashing new and imaginative scenarios. We are seeing a lot of excitement around applications in home automation, personal fitness,...
Jan. 29, 2015 06:00 PM EST Reads: 3,036
Entuity®, a provider of enterprise-class network management solutions, today announced that it solidifies its position as a market leader through global enterprise customer acquisitions and a refined channel strategy. In 2014, Entuity increased new license revenues in EMEA by over 75 percent, and LATAM by over 125 percent as customers embraced Entuity for its highly automated solution and unified architecture. Entuity’s refined channel strategy focuses on even deeper strategic alignment with ke...
Jan. 29, 2015 05:00 PM EST Reads: 529
Almost everyone sees the potential of Internet of Things but how can businesses truly unlock that potential. The key will be in the ability to discover business insight in the midst of an ocean of Big Data generated from billions of embedded devices via Systems of Discover. Businesses will also need to ensure that they can sustain that insight by leveraging the cloud for global reach, scale and elasticity.
Jan. 29, 2015 05:00 PM EST Reads: 4,084