The V.C. Summer Nuclear Plant in South Carolina, one of the first new Nuclear Power Plant projects in nearly 2 decades, has been abandoned partway through construction. Santee Cooper and SCE&G, partners on the project, decided to cancel the project due to significant budget overruns, the bankruptcy filing of Westinghouse (reactor manufacturer), and the significant…
Recent developments in the power generation industry have seen gas reciprocating engines being installed in increasing numbers on new projects as opposed to gas turbines. Improvements in technology have resulted in reciprocating engines that can rival the capacity of gas turbines and the ability to be brought to full capacity in as little as five…
On Tuesday February 9, 2016 the Supreme Court, on a 5-4 vote, ordered a stay of the EPA’s Clean Power Plan. The Clean Power Plan, if implemented, could transform the US electricity system forcing many coal fired plants to retire and would increase production of “clean power” (primarily wind and solar). All fossil fuel power plants would be…
Introduction The cost-to-capacity method can be a very useful tool when developing elements of the cost approach in many valuations. It is a order-of-magnitude cost estimation tool that uses historical costs and capacity in order to develop current cost estimates for an entire facility or a particular piece of machinery or equipment [1]. The fundamental…
