Follow EarthBlips on Twitter
What do you get when you buy a nuke? You get a lot of delays and rate increases….
The Energy Collective —
Progress Energy said Friday it has pushed back by 20 months its schedule for bringing on-line two planned new nuclear reactors in Florida, after the Nuclear Regulatory Commission said its review of the plant site will take longer than expected.
Progress also said it will spread out over five years certain early–stage costs for the new reactors that it could legally bill to ratepayers entirely in 2010, an apparent bid to tamp down customer anger over rate increases linked to the project that took effect earlier this year.
New nuclear plants are so expensive they are likely to provide ...
Boiling The Frog: Nuclear Optimism Hides True Costs Till It's Too Late
Energy Bulletin - —
... over a realistic time frame running 10-12 years and where most of the costs are spent in the back half of that time period, you realize that costs will rise very significantly. The above discussion is based on the South Carolina project schedule and assumes the utility's own original schedule, without delays. However, delays do happen, especially to nuclear projects, such as a nearly 2-year delay recently announced for Progress Energy's proposed Florida nuclear plants. (See story here -- and including a bonus song at the end.) Shocked and Amazed. As each new cost update ...
