Nuclear Industry Prices Itself Out Of Market For New Power Plants
By Joe Romm for Think Progress - In the modern era, nuclear power plants have almost always become more and more expensive over time. They have a “negative learning curve” — along with massive delays and cost overruns in market economies. This is confirmed both by recent studies and by the ongoing cost escalations of nuclear plants around the world, as I’ll detail in this post. In the United States, the cost of Georgia Power’s newest twin Vogtle reactors may top initial estimates of $14 billion and reach $21 billion, according to recent Georgia Public Service Commission testimony.