HomeLatest ThreadsGreatest ThreadsForums & GroupsMy SubscriptionsMy Posts
DU Home » Latest Threads » Forums & Groups » Topics » Environment & Energy » Environment & Energy (Group) » Estimated cost of Florida... » Reply #4

Response to jpak (Original post)

Sun May 6, 2012, 05:03 PM

4. Some relevant backgound - Nuclear industry success story

The emphasis is on "industry" in "nuclear industry success story".
For those paying the tab? Not so much.

At $24B this 2.2gigawatt facility is a complete economic clusterf&*k for the consumer (original price was $14B), but an incredible success for the industry that has taken the consumer hostage with "advanced cost recovery". I mean seriously, slipping the date from 2016 to 2024 isn't a clue to someone that there is a problem here? There is an awful lot of carbon reduction the money spent on this plant could have produced by the time the plant comes online.

Progress Energy raises price tag, delays start date of Levy nuclear plant
By Ivan Penn, Times Staff Writer
Posted: May 01, 2012 09:53 AM

Progress Energy announced Tuesday that the cost for its proposed Levy County nuclear plant could reach a new high of $24 billion with a new start date of 2024.

The new estimate, included among documents filed with the state Public Service Commission for its annual nuclear cost recovery, would raise the cost of the project almost $2 billion and delay when it comes online from 2021 to 2024 — almost a decade after its original projected date of 2016.


Progress' proposal would increase the amount customers pay from the current $3.05 per 1,000 kilowatt hours of usage for advances fees for Levy and its existing Crystal River nuclear plant to $5.09 beginning Jan. 1, 2013.


"Nuclear power," Dolan said, "remains a key component of Progress Energy's balanced solution strategy to meet our customers' future energy needs with efficient, carbon-free electricity."***


Reply to this post

Back to OP Alert abuse Link to post in-thread

Always highlight: 10 newest replies | Replies posted after I mark a forum
Replies to this discussion thread
Arrow 6 replies Author Time Post
jpak May 2012 OP
jonthebru May 2012 #1
kristopher May 2012 #2
kristopher May 2012 #3
LineNew Reply Some relevant backgound - Nuclear industry success story
kristopher May 2012 #4
Gregorian May 2012 #5
kristopher May 2012 #6
Please login to view edit histories.