Our reliance on foreign energy is an economic and national security risk, and finding alternative sources of power is critical. Nuclear energy should play an important role in achieving this goal. By 2030, demand for electricity is projected to skyrocket 27 percent in the Southeast alone. This plant will help meet those needs, especially as legislation and environmental rules make it increasingly difficult to produce coal-generated electricity.
Responsible for one-fifth of U.S. energy supplies, we cannot afford to marginalize our home-grown energy security given that more than 40 percent of nuclear licenses expire in 2015. I encourage President Obama and Secretary Chu to continue this investment in our future by expanding the development of additional plants.
As a staunch supporter of nuclear power, I recognize not only the role it plays in allowing the United States to become more energy independent, but its “multiplier effect”—the positive economic impact it has on surrounding areas.
I have seen the effects this last point can have on a local economy first-hand. In the early 1950s, DuPont began construction on the Savannah River Plant, a nuclear reactor facility, in my hometown of Aiken, South Carolina. At the time, my parents owned and operated The Riviera Motel, a 26-room inn that housed many of the plant workers. Even as a small child, I could see the economic boom the plant provided for my small town. Nearly a decade later, I worked as a co-op at the same plant as a Georgia Tech engineering student.
During the plant’s early years, Savannah River Site created over 38,000 direct construction jobs. The effects were far-reaching and today, the plant still employs more than 10,000 people.
Georgia Power estimates that the Vogtle plant represents a $14 billion investment and will add up to 5,000 on-site jobs to the Waynesboro area. This couldn’t come at a more critical time for our state, particularly for residents of Burke County, whose unemployment rate has surpassed the state average at 11.3 percent.
The Vogtle Plant units will ultimately power 500,000 homes and businesses across Georgia. During construction and throughout the lifetime of the plant, which is an estimated 60 years, local businesses will grow. The surrounding community and the state of Georgia will also benefit from its tax revenue.
Because of nuclear reemergence, this ripple effect of investment and development will ultimately allow the United States to prosper.
Rep. Gingrey is the ranking member of the Science Subcommittee on Technology and Innovation.