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As exciting as this should be, the soaring cost overruns on this project means we Georgians have been left holding the bag. There’s now a “Nuclear Construction
by dkobia 3y ago
As exciting as this should be, the soaring cost overruns on this project means we Georgians have been left holding the bag. There’s now a “Nuclear Construction Cost Recovery” line item on my bill, so electricity costs more rather than less.
- BeefWellington 3y ago"Cost overruns" is underselling it - according to what I can find online it seems like the cost nearly doubled from 14B to 27B. I've never seen a public/private setup like this actually yield benefit for the consumer.
- unethical_ban 3y agoArguably, the benefit is "less coal and CO2 in your family's lungs". The military doesn't make you money, it makes you safe. The post office doesn't make you money, it ensures communication and logistics. Roads don't make you money, they undergird the economy. Nuclear power doesn't save you money on your power bill. It establishes energy independence for our country and clean power for our atmosphere.
- BeefWellington 3y agoYou don't need private enterprise to be involved to obtain those things though, is my point.
- unethical_ban 3y agoThe military and road construction is loaded with public private partnerships, contractors.
- Bubbadoo99 3y agoUnfortunately, this more the rule than the exception. Same thing happened on Long Island, NY with Lilco's Shoreham reactor that took years to build (construction was riddled with all sorts of problems, theft, etc.)and when finally finished, people realized if something went wrong, the narrow, 128 mile island would be impossible to evacuate. After completion, it was never put online and despite the mass incompetence, no one was fired. In fact, management bonuses were as big as ever. Rate payers on LI are still paying for this debacle 40 years later thanks to then Gov. Mario Cuomo. LI utilities, like many utilities, are so poorly managed.
- louwrentius 3y agoTry and imagine how much solar/wind and grid-scale energy storage that money could have bought … I don’t think nuclear power is the future. In my country, 7% of the time electricity prices are like 1 cent or even negative. Try to run your nuclear reactor at a profit in this environment.