Nuclear Reactor Financing Deal To Raise Bills Before It Is Built?

Nuclear Reactor Financing Deal To Raise Bills Before It Is Built?

The Cooper report notes: “In the four states in the Southeast where funds are being collected from ratepayers under new advanced cost recovery for nuclear reactor construction in the Southeast, each individual nuclear reactor project costs $15 to $20 billion. Over $4 billion has already been approved for advanced cost recovery, yet it appears increasingly unlikely that the most of reactors will ever be built. Ratepayers will have paid billions but received nothing for their money. If reactor construction moves forward as proposed, almost $85 billion of construction costs will move into the utility rate-base causing rapid increases in typical consumer bills within a decade. Less costly, more consumer and environment friendly alternatives will be crowded out of the resource mix. “