America's first new nuclear plants in more than a decade are costing billions more to build and sometimes taking longer to deliver than planned, problems that could chill the industry's hopes for a jumpstart to the nation's new nuclear age.
In this Feb. 15, 2012 file photo, cooling towers for units 1 and 2 are seen at left as the new reactor vessel bottom head for unit 3 stands under construction at right at the Vogtle nuclear power plant in Waynesboro, Ga. Vogtle initially estimated to cost $14 billion, has run into over $800 million in extra charges related to licensing delays. A state monitor has said bluntly that co-owner, Southern Co. can’t stick to its budget. The plant, whose first reactor was supposed to be operational by April 2016, is now delayed seven months.(AP Photo/David Goldman, File).
Licensing delay charges, soaring construction expenses and installation glitches as mundane as misshapen metal bars have driven up the costs of three plants in Georgia, Tennessee and South Carolina, from hundreds of millions to as much as $2 billion, according to an Associated Press analysis of public records and regulatory filings. More.