New U.S. reactors: overbudget, behind schedule, shirking safety regs
An excellent report on the persistent lies of the US nuclear industry. Every reactor under construction will be late, every reactor under construction will be over budget. And they have only just started lying about them. And Florida wants to build more.
The nuclear “renaissance” began fizzling about three minutes after it was declared, once utility financial people took over from the nuclear boosters and did a real examination of reactor construction cost estimates, declining electrical demand, falling prices for natural gas, and rapid growth of renewables.
But five new reactors, aided by unique circumstances, do remain under construction in the U.S.: two at Southern Company’s Georgia Power Vogtle site in Georgia, two at SCANA’s Summer site in South Carolina, and the Tennessee Valley Authority’s Watts Bar-2 reactor in Tennessee. Both Vogtle and Summer are aided by their control of their state’s Public Service Commission, which kindly allows the utilities to use ratepayers as their banks; both utilities are collecting money from ratepayers as construction goes on, enabling them to borrow less and repay what they…
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