Southern Company Plans To Sell Interest In Proposed Nuclear Plant

by Staff Writers
Birmingham AL (SPX) May 09, 2007
Southern Company announced today that it intends to sell to Duke Energy its 500-megawatt share in the proposed William States Lee III nuclear power project in Cherokee County, S.C. Southern Company remains fully committed to nuclear development and exploring energy options that are in its customers' best interest, including its focus on the proposed new units at Plant Vogtle near Waynesboro, Ga.

After a thorough evaluation of its involvement in the Williams States Lee project, the company has made the decision to sell its share at this time. The agreement between the two utilities includes provisions for either company to discontinue its involvement at certain points throughout the project. Duke Energy indicated it intends to purchase Southern Company's share pending approval of its board of directors later this week.

"Energy needs are steadily increasing in the Southeast, and we intend to be on the forefront of exploring nuclear energy as an option to meet the rising demand for electricity," said Barnie Beasley, president and CEO of Southern Nuclear, a wholly owned subsidiary of Atlanta-based Southern Company. "We will continue to participate in a variety of nuclear development options and evaluate what will be best for our customers, including our evaluation of potentially building two new units at Plant Vogtle."

Southern Company has filed with the Nuclear Regulatory Commission for an Early Site Permit to preserve the option to build two additional units at the Vogtle site near Waynesboro, Ga., and plans to submit in 2008 an application for a Combined Construction and Operating License (COL) for the potential two new units.

"Duke is a well-respected nuclear operator, and we have maintained a positive relationship with them throughout this association," said Buzz Miller, senior vice president of nuclear development, Southern Nuclear. "The William S. Lee site continues to be a viable project, and we wish Duke much success as they work to evaluate the site for potential development."

Email This Article

CIVIL NUCLEAR

Bush Rings Manmohan To Discuss Nuclear Deal And WTO Talks

New Delhi, India (ANI) May 08, 2007
US President George W Bush today made a telephone call to Prime Minister Dr. Manmohan Singh and discussed about the ongoing bilateral negotiations on finalisation of the 123 agreement the successful of which would ratify the civilian nuclear energy cooperation between the two countries.

ENERGY TECH New Policy Will Transform Petroleum, Chemicals, Petrochemical Investment Regions From Waste to Watts: Restaurant Grease Converted To Renewable Power NPRA Outlines Major Concerns Regarding Alternative Fuels During House Energy Testimony Stepping Up Efforts To Push Through IPI Gas Project	CIVIL NUCLEAR Southern Company Plans To Sell Interest In Proposed Nuclear Plant Bush Rings Manmohan To Discuss Nuclear Deal And WTO Talks Thorium Reactors Integral To Indian Energy Independence Russia Ready To Modernize Slovakia Nuclear Facilities
BLUE SKY Widespread Twilight Zone Detected Around Clouds Rand Says Further Study Warranted On Save The World Air Technology Noxious Lightning AIM Heads For Orbit	WOOD PILE Indigenous Groups Seek Millions From Credit Suisse Over Timber Deal Indonesia Fastest Forest Clearer In World WHRC Scientists Creating National Biomass And Carbon Datas How To Manage Forests In Hurricane Impact Zones
FARM NEWS New Knowledge Improves Rice Quality Plant Pathologists Fighting Global Threat To Wheat Supply Light Sticks May Lure Turtles To Fishing Lines Thai Scientists Fear Global Warming Could Empty World Rice Bowl	CAR TECH Intelligent Cars As Fuel-Efficient As Hybrids China Automobile Dream A Nightmare For Climate Change Driverless Car Goes On Show In London Made In USA Losing Cachet
AEROSPACE Australia Fears Jet Flight Guilt Could Hit Tourism Nondestructive Testing Keeps Bagram Aircraft Flying New FAA Oceanic Air Traffic System Designed By Lockheed Martin Fully Operational NASA Seeks New Research Proposals	NUCLEAR SPACE Could NASA Get To Pluto Faster? Space Expert Says Yes - By Thinking Nuclear NASA plans to send new robot to Jupiter Los Alamos Hopes To Lead New Era Of Nuclear Space Tranportion With Jovian Mission Boeing Selects Leader for Nuclear Space Systems Program

The content herein, unless otherwise known to be public domain, are Copyright 1995-2006 - SpaceDaily.AFP and UPI Wire Stories are copyright Agence France-Presse and United Press International. ESA PortalReports are copyright European Space Agency. All NASA sourced material is public domain. Additionalcopyrights may apply in whole or part to other bona fide parties. Advertising does not imply endorsement,agreement or approval of any opinions, statements or information provided by SpaceDaily on any Web page published or hosted by SpaceDaily. Privacy Statement