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The Staggering Cost of New Nuclear Power

By Joseph Romm A new study puts the generation costs for power from new nuclear plants at 25 to 30 cents per kilowatt-hour--triple current U.S. electricity rates! In contrast to this transparency, many nuclear promoters have adopted a "Black Box" approach. It has unfortunately been the case over the last couple of years that some utilities have begun to claim that even rudimentary basics of their nuclear cost estimates must be hidden from the public as "trade secrets." For instance, in the South Carolina Electric & Gas proposal to build two reactors now under consideration by the South Carolina PSC, there is literally a large "box" obscuring the bulk of the calculations in the SC E&G Exhibit which presents the utility's projection of construction and financing costs for the proposed two-unit facility. In a different case, Duke Energy claimed that it does not even have to disclose its new cost estimates for a proposed nuclear facility in Cherokee County, S.C.. In the Duke case, C. Dukes Scott, South Carolina's consumer advocate, who represents the public in utility rate cases, noted, "If the cost wasn't confidential in February," Scott said, "how is it confidential in April?" To read the complete article from americanprogress.com please click here.

Full post as published by The Trade Secrets Vault on January 06, 2009 (boomark / email).