Whoops! WPPSS "customers will continue paying for those uncompleted plants through 2021"It wasn't just rising costs but a combination of high interest rates and overestimated demand for electricity (and this happened 25 years ago)
NIRS Statement on Cancellation of Idaho Nuclear ReactorIs nuclear power dead in Idaho? Nope. In June 2008, it's full steam ahead:
"Alternate Energy Holdings, Inc (PINKSHEETS: AEHI) has announced a new Idaho location for its 1,600-megawatt nuclear reactor. The new 1,400-acre site is in Elmore County, on the Snake River, and only 15 miles from the previous site. Advantages of the new site include: lower initial cost; better geology; nearby rail and road access; lower elevation to improve water lift; and no need to transport materials over the Snake River. "This new site has numerous advantages of the former site that will lower construction and operating costs and simplify development," said Don Gillispie, president and CEO of AEHI."
http://findarticles.com/p/articles/mi_pwwi/is_200806/ai_n25479593Nuclear loan guarantees 'undersized': Goldman Sachs bankerOne might think from reading this that nuclear power is inherently more dangerous and expensive. But then, one might be wrong (from link):
"Oil companies have the size and financial worth necessary to handle projects with costs comparable to new nuclear units on their own, electric
companies do not, said Richard Myers, the Nuclear Energy Institute's vice president, policy development."
UK nuclear plans left in tatters after collapse of EDF dealDid the deal collapse because nuclear power is not profitable? Not at all -- British energy was just asking for too much money:
"The British company nevertheless hopes EDF will return to the negotiating table because a deal offers a much more straightforward way for the French company to fulfil its promise to shareholders of international expansion in the nuclear sector.
The UK is the only realistic market for this expansion and British Energy not only owns the most likely sites for the second generation of plants but also has experience of running nuclear plants in this country.
The Government also hopes EDF's rivals, including RWE of Germany and Iberdrola of Spain, will offer some competition.
While both companies decided against a bid for British Energy earlier this year, they still have limited plans to operate their own nuclear power plants here.
Meanwhile, a spokesman for Centrica, the owner of British Gas, yesterday reiterated its desire to move into the nuclear sector. Centrica had been expecting to take a 25 per cent stake in British Energy once EDF completed its takeover, and is now considering its options."
http://www.independent.co.uk/news/business/news/uk-nuclear-plans-left-in-tatters-after-collapse-of-edf-deal-883357.htmlWall Street Journal: It's the Economics, Stupid: Nuclear Power's BogeymanIt's not nuclear power's bogeyman, it's construction's boogeyman. What costs so much to build new nuke plants? Waste disposal? Safeguards? No -- it's cement, copper, and steel, the same things used in constructing new coal plants:
"Skyrocketing capital costs already are making coal a tougher sell. The cheap and abundant fuel source—which provides half the power in the U.S.—isn’t so cheap anymore. Duke Energy Carolinas estimates that new coal-fired power plant capital costs basically doubled since 2002, according to a recent report unveiled by the Interfaith Center on Corporate Responsibility, a long-time coal gadfly. Over the past three years, capital costs in the industry as a whole have risen more than 50%, as power companies grapple for designers, resources, and equipment, the report says. Of course, facilities powered by nuclear fuel, natural gas, and wind and solar power all have seen costs rise too."
http://blogs.wsj.com/environmentalcapital/2008/02/29/whats-eating-big-coal/?mod=WSJBlogBusiness Week: Nuclear's Tangled EconomicsMore of the same (from link):
"The U.S. nuclear industry believes that delays and cost overruns, which helped kill new plant construction in the late 1970s, are less likely today, thanks to now-standardized reactor designs and a streamlined U.S. government licensing process. That process has yet to be tested, though, and costs for new plants are climbing. Two years ago, the price of a 1,500-megawatt reactor was pegged at $2 billion to $3 billion. Now it's up to $7 billion and rising,
as the cost of concrete, steel, and other materials and labor soars."
I could go on, but bananas is careful to only link to her own journal, assuming that people won't bother to refer to the original source. Frankly that kind of nonsense gets tiresome, especially when the original source is consistently "edited" to her specs. :eyes: