tag:blogger.com,1999:blog-3575804792126536975.post5613329457201039468..comments2023-11-02T00:33:00.040-07:00Comments on Sowell's Law Blog: The Truth About Nuclear Power - Part ThreeRoger Sowellhttp://www.blogger.com/profile/15390264574157209871noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-3575804792126536975.post-41437512261235523942015-12-18T20:12:11.093-08:002015-12-18T20:12:11.093-08:00Mr. Berglund, thank you for that. New PWR nucle...Mr. Berglund, thank you for that. New PWR nuclear plants in the US will without doubt reach or exceed the $10,000 per kW installed cost. <br /><br />Even in the UK, the cost is now admitted to be that high, or higher, for the proposed Hinkley Point C twin-reactor plant, as described here on SLB at <a href="http://sowellslawblog.blogspot.com/2014/10/uk-hinkley-point-nuclear-plant-heavily.html" rel="nofollow">this link</a><br /><br />"What is interesting is the quoted price to build the 3200 MW Hinkley C plant, at £24.5 billion (the equivalent of US$ 39.2 billion). This equates to MORE than $10,000 per kW, at $12,250. Again, this is precisely what SLB has maintained all along - a new nuclear power plant costs far more than the $4,000 some advocates maintain. Instead, it will cost at least $10,000 per kW, and more likely $12,000 per kW. Here (in the UK) we see at least a small beginning of honesty from the nuclear establishment. <br /><br />However, given the long, dismal history of nuclear plant schedule delays and cost overruns, it is to be expected that the Hinkley Point C twin reactor plant will take far longer than 10 years to startup, and will cost far more than US$ 39 billion. It will likely require 15 years or longer, and $48 billion or even more."Roger Sowellhttps://www.blogger.com/profile/15390264574157209871noreply@blogger.comtag:blogger.com,1999:blog-3575804792126536975.post-21346529099792262712015-12-18T13:38:42.450-08:002015-12-18T13:38:42.450-08:00Congratulations on your prescient assertion that &...Congratulations on your prescient assertion that "A new, twin-reactor plant that produces 2,000 MW net electricity would then cost $21 billion to construct." <br /><br />The following is from a Georgia PSC meeting last week about the Vogtle expansion:<br /><br />"The cost of the new reactors, originally projected at $14 billion, is now close to $19 billion and might reach $21 billion, according to recent PSC filings."<br /><br />http://newstimes.augusta.com/opinion/2015-12-16/the-upcoming-power-bills-will-shock-customersAnonymoushttps://www.blogger.com/profile/01096390579888276706noreply@blogger.com