Cost and rates rising for US reactors under construction

Cost and rates rising for US reactors under construction

Posted on June 7, 2015 by djysrv

In Georgia and South Carolina, which are regulated energy markets, the construction of four 1150 MW Westinghouse nuclear reactors are being financed by a pay-as-you-go plan that passes along the costs of building them to rate payers. This plan saves money in the long run, as much as a billion or more per reactor, in terms of interest costs, but not everyone likes the plan. It becomes especially difficult when costs go up faster than anticipated which produces intergenerational disputes over facilities that will have service lives of 6-80 years.

http://neutronbytes.com/2015/06/07/cost-and-rates-rising-for-us-reactors-under-construction/