MENU

Some leaders souring on nuclear power costs

March 3, 2013 • Business


In this photo taken Tuesday, Dec. 11, 2012 part of the containment vessel for a new nuclear reactor at the Plant Vogtle nuclear power plant is shown under construction in Augusta, Ga., With the cost of nuclear plants rising, a handful of state officials are showing signs of buyer’s regret. The reservations come as two of the three nuclear plants under construction have faced cost overruns just as electricity generated by natural gas has gotten cheaper. (AP Photo/John Bazemore)

ATLANTA (AP) — As the cost of building a new nuclear plant soars, there are signs of buyer’s remorse.

The second-guessing from officials in Georgia and Florida is a sign that maybe the nation is not quite ready for a nuclear renaissance. On top of construction costs running much higher than expected, the price of natural gas has plummeted, making it tough for nuclear plants to compete in the energy market.

In Georgia last week, Southern Co. told regulators it needed to raise its construction budget for Plant Vogtle in eastern Georgia by Login to read more

Related Posts

Comments are closed.

« »