Search
JOIN OUR NETWORK

     

     

 

 

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.

.................................................................................................................................................................................................................

Entries from September 1, 2017 - September 30, 2017

Friday
Sep012017

No excuse for secrecy

Charleston, South Carolina's The Post and Courier ran this editorial about the revelation of a secret report by Bechtel re: "one of the state’s costliest-ever economic disasters" -- the cancellation of two proposed new reactors, for which ratepayers had already been charged billions of dollars.

The editorial focuses on a report by Bechtel that the nuclear utilities building Summer Units 2 & 3 had denied even existed -- until they admitted its existence, under oath. But the utilities are still withholding the document they had previously lied did not exist, claiming trade secrecy, from the governor, state legislators, and other investigators.

In an incredible act of insubordination, one of the utilities, Santee Cooper, a state agency, has refused to provide the document even to the governor, whom it serves.

The editorial calls for transparency and accountability, given the billions of dollars of ratepayer money at stake.