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Mount Airy NC (SPX) Mar 09, 2011 Pike Electric has announced that SCANA Corporation has awarded Pike an engineering, procurement, and construction (EPC) contract for approximately 250 miles of new 230kV transmission lines associated with the expansion of the V.C. Summer Nuclear Station in South Carolina. These lines will support the two nuclear power units being added by South Carolina Electric and Gas Company (SCE and G), principal subsidiary of SCANA Corporation (NYSE: SCG), and the South Carolina Public Service Authority (Santee Cooper), a state-owned electric and water utility in South Carolina. The new units, known as V.C. Summer 2 and 3, are scheduled for completion in 2016 and 2019. The station began commercial operation January 1, 1984 and this construction marks one of the first U.S. nuclear plants to add reactors in 20 years. Pike's ability to provide a full portfolio of services including siting, permitting, engineering, procurement and construction was a key consideration for SCE and G in awarding the contract. In addition, because these lines will be built on existing rights-of-way, Pike's experience and safety record in working with energized lines and equipment was another factor in SCE and G's selection. "This project demonstrates the full spectrum of energy services Pike now offers to our customers and the industry. We are extremely proud to partner with SCE and G on this landmark project," said Eric Pike, Chairman and CEO of Pike. "The engineering for this project begins immediately utilizing Pike's Charlotte office, and construction is expected to be completed by the end of 2014 for Unit 2 and the end of 2018 for Unit 3."
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Related Links Pike Electric Nuclear Power News - Nuclear Science, Nuclear Technology Powering The World in the 21st Century at Energy-Daily.com
After 50 Years, Nuclear Power Is Still Not Viable Without SubsidiesWashington DC (SPX) Mar 03, 2011 Since its inception more than 50 years ago, the U.S. nuclear power industry has been propped up by a generous array of government subsidies that have supported its development and operations. Despite that support, the industry is still not economically viable, according to a report released by the Union of Concerned Scientists (UCS). The report, "Nuclear Power: Still Not Viable Without Subsidies," found that more than 30 subsidies have supported every stage of the nuclear fuel cycle, from uranium mining to long-term waste storage. Added together, these subsidies often have exceeded the average market price of the power produced. ... read more |
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