Thousands Without A Job Following V.C. Summer Construction Shut Down - Sensationalist Headlines

[QUOTE]JENKINSVILLE, SC (WLTX) - Nearly 5,000 people lost their contracting jobs at the V.C. Summer Nuclear Plant on Monday afternoon as SCE&G and Santee Cooper announced that they are abandoning the construction of two nuclear reactors at the plant. Many employees got word of the massive layoffs just before lunch. "We met at our lunch location and they read these letters to us, telling us that the project will not continue as of today," says Sharrod Brown. "It was good money. It kept the community up, now the community is going to go down, families are going to struggle, people have to move back home and nobody is guaranteed anything." The announcement came a few months after the main contractor of the project, Westinghouse, filed for bankruptcy. While there were rumors that the layoffs were coming, it still came as a shock to many who moved to Fairfield County for the job.[/QUOTE] [URL="http://www.wltx.com/news/local/thousands-without-a-job-following-vc-summer-construction-shut-down/460900577"]wltx[/URL] Such a shame. Also, we have a lot of equipment over there that we can't touch because nobody can get in. I work at Vogtle, which will be built, and our employees from Summer came over today.

Thank the NRC for strangling the nuclear industry :downs: What a waste, four years into construction as well.

[quote]the main contractor of the project, Westinghouse[/quote] Man, kind of sad to see the last bits of a colossus crumble.

[QUOTE=millan;52528599]Man, kind of sad to see the last bits of a colossus crumble.[/QUOTE] I didn't even know Westinghouse existed until we starting carrying their tv's at my walmart

What a shame, we desparately need new reactors getting built and online in here in the U.S., and coming from personal knowledge the nuclear industry and its subcontractors is a pretty big employer in S.C. around V.C. Summer and the Savannah River Site. I only hope the new AP1000s going in at Plant Vogtle stay on track... as well as the MOX Project at SRS (since that'll be the US' first step at fuel recycling, though the plant itself will be taking partially-decommissioned weapons material and making MOX fuel from it instead of recycling existing fuel).

[QUOTE=ScriptKitt3h;52528670]What a shame, we desparately need new reactors getting built and online in here in the U.S., and coming from personal knowledge the nuclear industry and its subcontractors is a pretty big employer in S.C. around V.C. Summer and the Savannah River Site. I only hope the new AP1000s going in at Plant Vogtle stay on track... as well as the MOX Project at SRS (since that'll be the US' first step at fuel recycling, though the plant itself will be taking partially-decommissioned weapons material and making MOX fuel from it instead of recycling existing fuel).[/QUOTE] [URL="https://en.wikipedia.org/wiki/Westinghouse_Electric_Company#2017_Chapter_11_bankruptcy"]Unlikely at this rate:[/URL] :disappoint: [QUOTE]On March 29, 2017 Toshiba's Westinghouse filed for Chapter 11 bankruptcy, citing a yearly loss for Toshiba that could exceed $9 billion, almost three times its previous estimate.[27][7] The Wall Street Journal reported that four nuclear reactors being built in the southeastern U.S. would be left to an unknown fate.[28] The U.S. government had given $8.3 billion of loan guarantees on the financing of the four nuclear reactors being built in the U.S.[7][/QUOTE] There really needs more subsidies and support for the nuclear industry. As download mentioned, the NRC has been more and more stringent in recent decades partly due to recent non-proliferation treaties (which is ironic since the MOX project is being built to specifically address that problem).

[QUOTE=millan;52528599]Man, kind of sad to see the last bits of a colossus crumble.[/QUOTE] Westinghouse used to be such a powerhouse. You can't go through any old electronics without tripping over Westinghouse components. And it's good shit, too. Lasts forever.

[QUOTE=ScriptKitt3h;52528670]What a shame, we desparately need new reactors getting built and online in here in the U.S., and coming from personal knowledge the nuclear industry and its subcontractors is a pretty big employer in S.C. around V.C. Summer and the Savannah River Site. I only hope the new AP1000s going in at Plant Vogtle stay on track... as well as the MOX Project at SRS (since that'll be the US' first step at fuel recycling, though the plant itself will be taking partially-decommissioned weapons material and making MOX fuel from it instead of recycling existing fuel).[/QUOTE] Vogtle will be built. The difference lies in the owners. V.C. Summer was owned jointly by SCANA and Santee&Cooper because SCANA isn't a large enough company to afford it alone. Santee & Cooper decided they weren't going to invest in VC anymore and therefore SCANA can't afford to build it. Southern Company on the other hand, who owns Vogtle, is a much larger company and has much more money. They will build the reactors at Vogtle because they can afford it. The thing we are waiting to see is if someone like Duke buys VC summer and finishes it, or if someone like Southern buys it just so Duke can't, and completes it after Vogtle.

[QUOTE=download;52528576]Thank the NRC for strangling the nuclear industry :downs: What a waste, four years into construction as well.[/QUOTE] Westinghouse's downfall was caused by years of falsifying financial records, and making a questionable deal with a construction company. There's more risk for investors now when investing in nuclear as well thanks to Trump putting carbon reduction policies put in place by Obama on hold. Why would investors spend billions on nuclear when they can roll out more natural gas plants at much lower risk?

[QUOTE=Morgen;52528833]Westinghouse's downfall was caused by years of falsifying financial records, and making a questionable deal with a construction company. There's more risk for investors now when investing in nuclear as well thanks to Trump putting carbon reduction policies put in place by Obama on hold. Why would investors spend billions on nuclear when they can roll out more natural gas plants at much lower risk?[/QUOTE] You've (again) failed to recognise that regulatory ratchetting on part of the NRC has made nuclear power uncompetitive, and dragged out licensing and construction times.

[QUOTE=download;52530470]You've (again) failed to recognise that regulatory ratchetting on part of the NRC has made nuclear power uncompetitive, and dragged out licensing and construction times.[/QUOTE] Could you imagine if these guys were unregulated? Westinghouse's downfall was caused by corruption throughout. Could you imagine if they could do whatever they wanted with the reactor as well? The original construction company Shaw Group has got in trouble before for covering up incidents, and have even had people blow the whistle on them to the NRC for cutting corners when it comes to the reactors safety, which of course they tried to suppress, breaking federal whistleblower laws. Why would we want to deregulate these guys again?