4 ms·
For one thing since recent history shows the actual cost was going to be about $25 Billion for the kind of plant people expect to go forward with, construction
by fuzzfactor 3y ago
For one thing since recent history shows the actual cost was going to be about $25 Billion for the kind of plant people expect to go forward with, construction never would have been approved unless the estimate could have been artificially reduced to some more palatable number to begin with.
Plus the bigger the ticket item, the more profit for suppliers and better commission for salespeople all up and down the line of such a huge project.
The fundamental purpose is to be a gravy train not to bring affordable power to the masses unless some kind of bonanza has fully taken place beforehand.
Contractors and everyone involved know this and are prepared to take whatever bonanza they can get as long as it lasts, and it can be more lucrative than other sizable projects without even going to completion. It's the sale of a lifetime and more people than ever expect to be set for life with bonuses before construction even starts.
Plus the true need for increased safety is an issue and all industries have spiraling costs here since insurance companies are involved, even if more so during construction than operation. Not only is more safety layered on than was once acceptable, but shareholders of insurance companies wanted to experience unbroken growth in returns to beat inflation since the 1970's and 1980's too. They are traded on the same stock market as value-added companies.