Gift Opening
$200 Off MarketBeat All Access
Thanks for being one of our best subscribers! You are eligible for a limited-time discount.
  •  days
  •  Hours
  •  Minutes
  •  Seconds
Claim Your Discount
×
Free Trial

South Carolina nuclear plant's cracked pipes get downgraded warning from nuclear officials

→ Top 5 Tech Stocks to Buy for 2024 (From Daily Market Alerts) (Ad)
The working nuclear reactor is seen at V.C. Summer Nuclear Station, April 9, 2012, in Jenkinsville, S.C. The U.S. Nuclear Regulatory Commission downgraded its preliminary “yellow” warning for V.C. Summer Nuclear Station issued this October to a final “white" one after owner and operator Dominion Energy showed its generator could still run for six hours in an emergency, the agency announced Thursday, Dec. 28, 2023. (AP Photo/Jeffrey Collins, File)

JENKINSVILLE, S.C. (AP) — Federal regulators have lessened the severity of their warning about cracks discovered in a backup emergency fuel line at a South Carolina nuclear plant northwest of the state capital.

The U.S. Nuclear Regulatory Commission downgraded its preliminary “yellow” warning for V.C. Summer Nuclear Station issued this October to a final “white" one after owner and operator Dominion Energy showed its generator could still run for six hours in an emergency, the agency announced Thursday.

That demonstration calmed officials' concerns that Dominion Energy's failure to maintain cracks and leaks — discovered at least five times over the past two decades — had neutralized the plant's ability to cool down its reactors if electricity failed.

The new rating means that the generator is underperforming but still meeting its key targets.

“While not indicative of immediate risk, this finding underscores the need for continuous vigilance and improvement in the plant’s corrective action process,” NRC Region II Administrator Laura Dudes said in a statement.

The plant runs pressurized water heated by uranium fuel through a steam generator. A different loop of steam powers the turbine that makes electricity. Cooling water then condenses the steam, which gets reheated, and the system starts over again.

Officials plan to complete another inspection to see if Dominion Energy fixes the ongoing issues. In a statement to The Associated Press on Friday, the company said it immediately replaced the piping and will install “more resilient piping” early next year. Dominion Energy said the station only needs one power source for safe maintenance, and that the emergency diesel generators are only necessary if two offsite power supplies are unavailable. The company added that the November 2022 fuel oil leak marked the first time in 40 years that such a problem had put an emergency diesel generator out of operation.

“Dominion Energy’s commitment to safety, along with the NRC’s process for regulating nuclear power stations, ensure we continue to operate to the highest safety standards," the company said in the statement. "We thank the NRC for considering additional information we provided, which resulted in categorizing the initial issue as low-to-moderate significance.”

Still, The State Newspaper reported that a leader at a watchdog group said the length of the problem warranted the more serious finding. The risk is that fires could break out, according to Edwin Lyman, the director of nuclear power safety at the Union of Concerned Scientists. The changes from Dominion Energy seem to be “pencil-sharpening exercises that make a bad situation look better on paper,” Lyman told The State.

→ Top 5 Tech Stocks to Buy for 2024 (From Daily Market Alerts) (Ad)

Where should you invest $1,000 right now?

Before you make your next trade, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis.

Our team has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and none of the big name stocks were on the list.

They believe these five stocks are the five best companies for investors to buy now...

See The Five Stocks Here

10 Best Cheap Stocks to Buy Now Cover

MarketBeat just released its list of 10 cheap stocks that have been overlooked by the market and may be seriously undervalued. Click the link below to see which companies made the list.

Get This Free Report
Like this article? Share it with a colleague.

Featured Articles and Offers

Recent Videos

Stock Splits: A Beginner’s Guide
Buy or Bail? Stock Upgrades and Downgrades
Profit Like Congress: The Stocks They’re Betting On

Stock Lists

All Stock Lists

Investing Tools

Calendars and Tools

Search Headlines