Up, up and away
Mar. 27th, 2008 10:14 amAs goes the dollar, so goes nuclear in the States? Interesting comment from Mr. Crane that who is going to build these things comes BEFORE the cost analysis. That seems backasswards to me.
NRG's Estimate for Texas Nuclear Reactors Still Climbing - Dallas Morning News - 27 Mar 08
"Last summer, officials with the power plant developer said the reactors at the South Texas Project would cost between $6 billion and $7 billion. Then the estimate moved to $7 billion. On Wednesday, executives said the reactors will probably cost $8 billion.
Blame higher costs for material used to build power plants, such as steel and concrete, and the weak dollar. U.S. companies no longer make some of the massive parts for nuclear reactors, since the country hasn't built nuclear power plants in decades. So NRG must import about 30 percent of the parts for the reactors from Japan."
"'There's a lot of focus in the analyst community about the cost,' Mr. Crane said. 'There's actually a question that has to be answered before the cost, and that's who is going to build these plants.'"
"Since the last round of reactors was built, Texas deregulated its power industry. A nuclear reactor developer can no longer pass along higher costs to consumers in electricity rates."
NRG's Estimate for Texas Nuclear Reactors Still Climbing - Dallas Morning News - 27 Mar 08
"Last summer, officials with the power plant developer said the reactors at the South Texas Project would cost between $6 billion and $7 billion. Then the estimate moved to $7 billion. On Wednesday, executives said the reactors will probably cost $8 billion.
Blame higher costs for material used to build power plants, such as steel and concrete, and the weak dollar. U.S. companies no longer make some of the massive parts for nuclear reactors, since the country hasn't built nuclear power plants in decades. So NRG must import about 30 percent of the parts for the reactors from Japan."
"'There's a lot of focus in the analyst community about the cost,' Mr. Crane said. 'There's actually a question that has to be answered before the cost, and that's who is going to build these plants.'"
"Since the last round of reactors was built, Texas deregulated its power industry. A nuclear reactor developer can no longer pass along higher costs to consumers in electricity rates."