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Reply #6: Did you read the link in OP? Also, in your calculations, did you include the actual [View All]

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lindisfarne Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jul-15-09 08:08 PM
Response to Reply #5
6. Did you read the link in OP? Also, in your calculations, did you include the actual
Edited on Wed Jul-15-09 08:16 PM by lindisfarne
storage costs (when not paid by US government) for tens of thousands of years, decommissioning, and so on? I didn't see them listed.

If nuclear is such a smart business opportunity, why did no bid come in with a lower price AND meet the conditions they established?

==== From link in OP: (original article in Toronto Star http://www.thestar.com/comment/columnists/article/66564... )
The bid from Frances Areva NP also blew past expectations, sources said. Arevas bid came in at $23.6 billion, with two 1,600-megawatt reactors costing $7.8 billion and the rest of the plant costing $15.8 billion. It works out to $7,375 per kilowatt, and was based on a similar cost estimate Areva had submitted for a plant proposed in Maryland.

Stevens said Arevas lower price makes sense because the French company wasnt prepared to take on as much risk as the government had hoped. This made Arevas bid non-compliant in the end. Crown-owned AECL, however, complied with Ontarios risk-sharing requirement but was instructed by the federal government to price this risk into its bid. Which is why it came out so high, said Stevens.

Hamilton explains on his blog, Areva was deemed non-compliant, however, likely because Areva wouldnt guarantee the price.
====
So, Areva bids 23.6 billion, which you claim is hugely extravagant, yet Areva refuses to guarantee the price.

Your explanation?
Based on your claims, Areva should be making HUGE profits, yet they won't guarantee the price?
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