3 ms·

I think industry likes it bespoke because the money is practically unlimited. Selling a basic design or a micro reactor means the industry would have to compet

• pfdietz 3y ago
  Or perhaps the cost overruns are not accidents, but are the whole point. Nuclear power plants are a way to monetize the quirks of regulated monopolies. Get the plant approved and then shovel on the "oh gosh, who could have predicted this" cost increases. I mean, it's not like the people involved don't realize what's going to happen when they start building something that isn't even fully designed yet. As long the state regulators keep going along, each increase in capital cost is an increase in the earnings of the regulated utility. The perverse incentive is to balloon the costs as much as the regulators can bear. That the reactors are first of a kind is a feature, not a bug, since it lets that first foot-in-the-door lowballed estimate get approved.