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Vogtie is the example that proves the rule. Originally, it was supposed to cost right around USD14 Billion. Cost overruns have pushed that, not to USD25 Billion
by bilbo0s 8y ago
Vogtie is the example that proves the rule. Originally, it was supposed to cost right around USD14 Billion. Cost overruns have pushed that, not to USD25 Billion, but USD28 Billion. (And the online date has been pushed back from this year, to 2022.) Keep in mind, the DoE was supposed to back USD8 Billion of the original USD14 Billion price tag. So needless to say, the financials have changed considerably. So much so that the consortium behind Vogtie nearly fell apart due to the latest cost overrun combined with the fact that they could not pass any more cost overruns on to their customers. (The customers under state law are not allowed to switch energy suppliers.)
Vogtie is a slow motion train crash. When it comes online, the customers will be forced to pay more than wind power customers BECAUSE the government intervened and prohibited any customers from changing suppliers. And I suspect that's gonna go over about as well as a fart in church.