SACE | Southern Alliance for Clean Energy

Report: Footing the $20B Nuclear Projects Bill


March 14, 2013 teleconference – Saddled with an “advance cost recovery” financing arrangement that allows the nuclear industry to make them pay in advance for the construction of new reactors, electricity ratepayers in South Carolina, Florida and Georgia, are faced with a stark choice today: Either “eat” roughly $6 billion already invested in costly new nuclear reactors or shell out even more when the region’s increasingly “uneconomical” reactor projects pile up $20 billion or more in excess costs.

That is the main conclusion of “Public Risk, Private Profit, Ratepayer Cost, Utility Imprudence,” a major new report by economic analyst Mark Cooper of the Vermont Law School Institute for Energy and the Environment.

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