And while the Nuclear Energy Institute’s president and chief executive officer, Frank L. (Skip) Bowman is boasting about nuclear energy being ‘reliable’ and ‘affordable’, another nuclear reactor project is revising its costs.
Duke Energy Carolinas, who plan to build the William States Lee III Nuclear Station in South Carolina (next to the Cherokee Nuclear Power Plant which was abandoned unfinished in 1983 at a cost of $633 million), have announced that that cost of building the two nuclear reactor has doubled to $11 billion.
How’s that for ‘reliable’ and ‘affordable’? It’s certainly predictable. Nuclear reactors go massively over budget like night follows day.
The William States Lee III reactors are supposed to be online in 2018. Any bets on when they’ll actually produce any electricity?