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Jesus, it went from $14bn to over $30bn in cost overruns? That’s embarrassing.
That’s the engineering knowledge lost over the last 30 years costed out.
Making 2 reactors since 95 has some side effects, a lot of the senior engineers since then have retired, standards have changed, and new engineers need to learn.
Cost-plus contracts are a Hell of a drug.
The whole project has been a huge unjust wealth transfer directly from ratepayers to shareholders, and the regulatory-captured Georgia Public Service Commission just let it happen.
(If I sound bitter, it’s because I’m one of the ratepayers getting screwed.)
Yeah, that’s a pretty good assessment of nuclear power in general.
yeah nuclear is fucking expensive
But pretty normal.
- I thought it had been longer than that since we commissioned a nuclear power plant, and
- Does one every eight years or so feel like a decent rate for building these things?
So how does the cost overrun impact the LCOE?
