5 ms·
The only nuclear plant under construction in the US is at Plant Vogtle, in Georgia. Regulators set up a system (CWIP) whereby the companies building the plant
by justinsb 4y ago
The only nuclear plant under construction in the US is at Plant Vogtle, in Georgia. Regulators set up a system (CWIP) whereby the companies building the plant earn a 10% return on their costs, until the plants come online. I think it's not surprising therefore that costs keep increasing and the delays keep coming. I don't think we can infer that nuclear power plants cannot be built at reasonable cost, rather that we need to consider "regulatory capture" as a significant construction risk.
(Some admittedly one-sided background on CWIP: https://stopcwip.com/ https://stopcwip.com/ )
- mayama 4y agoCan anyone compare this to new EPR nuclear plant being built in France, that project also ballooned to almost twice the estimated price and a decade late. Do they use cost+profit accounting too?
- natmaka 4y agoIn France the budgeted total cost of building the EPR reactor (at Flamanville) was 3.3 billions €. Work began in 2007 for a 2012 delivery It is not yet completed and the cost is already 19.7 billions €.
- ncmncm 4y ago