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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 July 1, 2012 - July 31, 2012

Wednesday
Jul042012

CWIP has cost GA & SC ratepayers $1.4 billion so far for new reactors

"Burning Money" image by Gene Case, Avenging AngelsInter Press Service reports that Georgia ratepayers have already been charged nearly $1.5 billion in CWIP surcharges for the proposed new Vogtle 3 & 4 AP1000s, suffering skyrocketing cost overruns of nearly a billion dollars, and construction problems (bad foundations, concrete, and rebar) leading to long schedule delays.

Harvey Wasserman reports that a similar amount has been charged to South Carolina ratepayers for two proposed new AP1000s at Summer nuclear power plant.

DateJuly 4, 2012 | Print ArticlePrint Article | |