nuclear plants face high costs

[greenman3610]

http://online.wsj.com/article/SB121055252677483933.html?mod=todays_us_nonsub_marketplace

A new generation of nuclear power plants is on the drawing boards in the U.S., but the projected cost is causing some sticker shock: $5 billion to $12 billion a plant, double to quadruple earlier rough estimates.

The latest projections follow months of tough negotiations between utility companies and key suppliers, and suggest efforts to control costs are proving elusive. Estimates released in recent weeks by experienced nuclear operators -- NRG Energy Inc., Progress Energy Inc., Exelon Corp., Southern Co. and FPL Group Inc. -- "have blown by our highest estimate" of costs computed just eight months ago, said Jim Hempstead, a senior credit officer at Moody's Investors Service credit-rating agency in New York.

[chknltl]

1. Oh Darn...Are we to be forced to repeat history????.

Echo's of a past waste of $$: http://www.historylink.org/essays/output.cfm?file_id=5482

Let us hope that folks find better, safer ways to invest their energy $$.

[chknltl]

2. kick