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Construction Costs

Construction costs for new reactors are unpredictable, extreme and continue to rise. Current estimates run as high as $12 billion per reactor but threaten to further sky-rocket, prompting the nuclear industry either to cancel plans for new plants or look to taxpayer-funded federal loan guarantees to cover the cost.

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Entries from December 1, 2017 - December 31, 2017

Thursday
Dec212017

AJC's Kempner: Georgia underdogs confront power, get smacked

Matt Kempner, the Atlanta Journal-Constitution’s (AJC) "sometimes irreverent business columnist," credits a private citizen watch-dog on the Georgia Public Service Commission, Steven Prenovitz, with nagging him until he finally woke up. Kempner then began taking seriously the cost overruns and schedule delays with the construction of the two Toshiba-Westinghouse Advanced Passive, 1,100 Megawatt-electric (AP1000s) atomic reactors -- Vogtle 3 & 4 in Waynesboro, GA, on the banks of the Savannah River, the border with South Carolina. The result has been comprehenisve coverage in the AJC, ever since.

Kempner's latest column covers the GA PSC smacking of underdogs -- ratepayer and environmental watch-dogs who have long warned about Vogtle 3 & 4's financial (not to mention, ultimately, radioactive) risks, for both GA electricity consumers, as well as federal taxpayers. The GA "Public Service Commission" (which has long served the public up for dinner to the nuclear power industry) just approved continuation of construction at Vogtle 3 & 4 -- and the related gouging of GA ratepayers.