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Theoretically the regulation was known at bidding time and factored in. Or they didn't understand them and were caught by surprise. Or perhaps they did understa
by pstuart 3y ago
Theoretically the regulation was known at bidding time and factored in. Or they didn't understand them and were caught by surprise. Or perhaps they did understand and lied by underbidding?
I was anti-nuke when I was younger but recognize we fucked up terribly by not getting nuclear right and have now cooked the planet.
The appealing solution (to me) is to get SMRs into play with their associated promises of cost control and safety. My understanding is the blocker is really the existing insiders of the nuclear industry who see it as a threat to their work.
- imperfectcats 3y agoI wish regulation worked that way! Regulations change all the time - if not in law certainly in practice/interpretation. That is what makes industries with heavy regulation such risky investments.
- pstuart 3y agoI searched for info on the cost overruns and it appears that management failures contributed significantly. An anti-nuke lawsuit didn't help but appeared to be $1B in impact. We see consistently that big projects never come in on time and budget, which is why SMRs are the only economical way forward.