"Prefab Nuclear Plants Prove Just as Expensive"

"Burning money" graphic by Gene Case, Avenging AngelsRebecca Smith has reported in the Wall Street Journal that the "[m]odular method has run into costly delays and concerns about who will bear the brunt of the expense."

The Vogtle 3 & 4, GA, and Summer 2 & 3, SC Westinghouse-Toshiba AP1000 construction sites are featured. At the former, federal taxpayers would be left holding the bag for $8.3 billion in nuclear loan guarantees, if the project defaults. At the latter, ratepayers have been gouged, repeatedly, for many years, to finance the troubled construction.

These cost overruns and schedule delays were to be expected, however, based on the previous history of nuclear power in the U.S. and overseas.

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