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They're shutting down because it's cheaper to shutter them (even including the loss of interest on money set aside for decommissioning) than to continue operati
by beat 7y ago
They're shutting down because it's cheaper to shutter them (even including the loss of interest on money set aside for decommissioning) than to continue operating them.
Whatever seems "obvious" to us, the hardnosed managers responsible for the actual financial decisions are pulling the plug on dozens of reactors. If it seems irrational to us, it's because there are other cost factors we don't understand. That's why I like to look at the end, rather than make assumptions on what I think I know about the means.
- cma 7y ago> If it seems irrational to us, it's because there are other cost factors we don't understand. Since they are shielded from almost all liability by law (something like $150 million liability cap + $12.5 billion industry fund; plausible disasters could reach $1 trillion+ depending on winds), it seems like there would probably be even more shutdowns if they had to pay for real insurance.