Cost Pressure Intensifies for Southern Co. Nuclear Plant
Source: Associated Press
The delays and cost overruns are piling up for a new plant in Georgia that was supposed to prove nuclear energy can be built affordably.
Instead, the companies building first-of-their-kind reactors at Plant Vogtle expect they will need an extra three years to finish construction. The plant's owners and builders are fighting over who should pay for more than $1 billion in unexpected construction expenses — a figure that could easily grow.
Those eye-popping sums do not include the extra borrowing and inflation costs of the owners. At the end of the day, utility customers will end up paying most of the bill. A sister project in South Carolina owned by SCANA Corp. and Santee Cooper has run into similar delays and cost pressures.
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The latest snag was disclosed Thursday, before Southern Co. announces its earnings next week. Southern Co. subsidiary Georgia Power said the nuclear plant's designer and builder, Westinghouse Electric Co. and Chicago Bridge & Iron Co., expect the first new reactor in Georgia will be finished in mid-2019. The second is supposed to start operating in mid-2020.
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Read more: http://abcnews.go.com/US/wireStory/cost-pressure-intensifies-southern-nuclear-plant-28612457
= new reply since forum marked as read
...they got from the Scratch & Dent Sale, right?
Actual quote from the article:
- "When you start adding it all up, the numbers are getting very big," said Sameer Rathod, an analyst at Macquarie Securities Group. "Who in their right mind would want to build a nuclear plant?"
Of course everyone knows that you have to be insane to want to boil water with a goddamned nuclear reactor to begin with. Shit. Not to mention having no fucking where to put the waste.
- The people running this planet are assholes.
K&R
