Georgia Power Orders First Nukes

At last.  With all the governmental force feeding, someone finally swallowed. 

I'd be very surprised if this was some kind of fixed price deal like the good PSC Commissioner is implying.  Especially given the high content of foreign materials that will be going into it and the ever lower diving dollar being used to buy that content. If it is a fixed price contract, it certainly harkens back to the halcyon days of the Oyster Creek plant and other earlier nukes that were fixed price deals. They primed the pump by making it look like nuclear was cheaper than coal but it also almost broke the companies that provided those deals once the real bill was tallied up.

Georgia Power Signs Deal for Nuclear Plants - Atlanta Business Chronicle - 07 Apr 08

"Steve Tritch, Westinghouse president and CEO, said the contract, the first to be announced in the United States since before 1978, is significant because it further proves that the nuclear renaissance has moved beyond the planning stage."

"Georgia Public Service Commissioner Stan Wise said [...] This contract keeps nuclear generation under consideration by locking in the pricing and the terms and conditions of building two nuclear reactors so that this option can be evaluated against other alternatives."

The Turnkey Era in Nuclear Power - Land Economics - Vol. 56, No. 2 (1980), pp 188-202

"Thirteen reactors were built during the turnkey era under such contracts, all by GE or Westinghouse, and the two reactor manufacturers took combined losses on the contracts that ranged upwards of $1 billion. In June, 1966, GE announced the termination of its program of offering turnkey contracts, and no reactor under contract by a United States utility since that time has included turnkey terms."

Nuclear Power: What Went Wrong? - American Heritage - Fall 2002

"In December 1963 Jersey Central Power and Light ordered a 650-MW plant at Oyster Creek from GE at a fixed price of $66 million. If GE’s Oyster Creek estimates were valid, nuclear power might be ready to compete with coal."

Now Nuclear Power Works - Backgrounder - Union of Concerned Scientists

"In 1963, General Electric sold the Oyster Creek plant in New Jersey to General Public Utilities (later to own Three Mile Island) for $60 million, far less than the actual construction cost. Business Week described the plant as 'the greatest loss leader in American industry,' estimating that GE lost $30 million on the deal in order to win the bid.

Georgia Power Orders First Nukes

At last.  With all the governmental force feeding, someone finally swallowed. 

I'd be very surprised if this was some kind of fixed price deal like the good PSC Commissioner is implying.  Especially given the high content of foreign materials that will be going into it and the ever lower diving dollar being used to buy that content. If it is a fixed price contract, it certainly harkens back to the halcyon days of the Oyster Creek plant and other earlier nukes that were fixed price deals. They primed the pump by making it look like nuclear was cheaper than coal but it also almost broke the companies that provided those deals once the real bill was tallied up.

Georgia Power Signs Deal for Nuclear Plants - Atlanta Business Chronicle - 07 Apr 08

"Steve Tritch, Westinghouse president and CEO, said the contract, the first to be announced in the United States since before 1978, is significant because it further proves that the nuclear renaissance has moved beyond the planning stage."

"Georgia Public Service Commissioner Stan Wise said [...] This contract keeps nuclear generation under consideration by locking in the pricing and the terms and conditions of building two nuclear reactors so that this option can be evaluated against other alternatives."

The Turnkey Era in Nuclear Power - Land Economics - Vol. 56, No. 2 (1980), pp 188-202

"Thirteen reactors were built during the turnkey era under such contracts, all by GE or Westinghouse, and the two reactor manufacturers took combined losses on the contracts that ranged upwards of $1 billion. In June, 1966, GE announced the termination of its program of offering turnkey contracts, and no reactor under contract by a United States utility since that time has included turnkey terms."

Nuclear Power: What Went Wrong? - American Heritage - Fall 2002

"In December 1963 Jersey Central Power and Light ordered a 650-MW plant at Oyster Creek from GE at a fixed price of $66 million. If GE’s Oyster Creek estimates were valid, nuclear power might be ready to compete with coal."

Now Nuclear Power Works - Backgrounder - Union of Concerned Scientists

"In 1963, General Electric sold the Oyster Creek plant in New Jersey to General Public Utilities (later to own Three Mile Island) for $60 million, far less than the actual construction cost. Business Week described the plant as 'the greatest loss leader in American industry,' estimating that GE lost $30 million on the deal in order to win the bid.