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ARTICLE ARCHIVE

CWIP

CWIP, or Construction Work in Progress, is a law, fortunately existent only in a handful of U.S. states, that allows a utility to charge ratepayers higher rates to cover future costs of a yet-to-be-constructed reactor, even if that reactor is never built.

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Entries from August 1, 2017 - August 31, 2017

Wednesday
Aug022017

Trigaux: Blind to runaway costs, nuclear power industry abandons another nuke plant

Business column in the Tampa Bay Times, by Robert Trigaux.

Trigaux concludes his column about the cancellation of Summer 2 & 3 in SC, as well as the cancellation of Levy County in FL:

None of these projects would have seen the light of day if state laws had not been enacted to shift the financial risk of grotesquely expensive nuclear plants from power company shareholders and dumped it all on hapless ratepayers. Utility customers typically have no other choice for their electricity. Florida's law, signed in 2006 by then Gov. Jeb Bush, was a loser from day one. Shame on Tallahassee for still having it on the books 11 years later.

DateAugust 2, 2017 | Print ArticlePrint Article | |