Report: Southeast U.S. Ratepayers Will Be Gouged For Billions Of Dollars In Excess Costs If Nuclear Reactor Projects Proceed

New Study Focuses on "Uneconomical" Reactor Projects in FL, SC, and GA Financed by "Advance Cost Recovery" Schemes; Lessons Seen for IA, UT, MO, and Other States Toying With ACR Financing.
WASHINGTON, March 12, 2013 /PRNewswire-USNewswire/ -- A report to be released at 11 a.m. EDT Thursday (March 14, 2013) by a Vermont Law School Institute for Energy and the Environment expert will show that ratepayers in three states – Georgia, Florida, and South Carolina – would be better off "eating" $6 billion already invested in new nuclear reactor projects and focusing instead on producing or conserving the same amount of electricity by other cheaper means.  In so doing, ratepayers in the three states will avoid tens of billions of dollars in excess costs for the economically uncompetitive new reactors. http://media.prnewswire.com/en/jsp/latest.jsp?resourceid=6464536&access=EH