4 ms·
> we should shut the whole thing down today. Who is "we"? You are just a random guy on the internet. The people who actually invest money have a different opin
by credit_guy 3y ago
> we should shut the whole thing down today.
Who is "we"? You are just a random guy on the internet. The people who actually invest money have a different opinion [1]:
“Despite the project’s rising costs, felt worldwide by all large energy projects due to interest rates increases and rapidly escalating inflation in commodities such as fabricated plate and structural steel, copper wire and cable, not seen for over 40 years, participants felt overwhelmingly that the CFPP remains viable and is a key energy resource for the future,” said Mason Baker, UAMPS CEO and General Manager.
[1] https://www.publicpower.org/periodical/article/small-modular-reactor-project-being-developed-uamps-moves-forward https://www.publicpower.org/periodical/article/small-modular...
- mikeyouse 3y agoAs someone who’s done financial modeling for energy projects. If you miss by 100% before groundbreaking, management is incompetent or the engineers designing the thing are. With this track record, I’d bet $100 the $120/mwh unsubsidized rate (that’s already 100% higher than the rate published 18 months ago) is increased by another 100% before the first concrete is poured. Probably even odds that if they finish this project, they’re north of $300/mwh unsubsidized.