The Astonishingly High Cost Of Nuclear Power

Study: Santee Cooper Facing Doomsday Scenario; Residential customers on the hook for nearly $7,400 in nuclear debt … apiece …

March 20, 2018 (FITSNEWS)

“Customers of South Carolina’s government-run power company Santee Cooper could see their annual bills soar by anywhere between $167 and $751 over the next four decades…[T]hat’s money they won’t have on hand to invest in the state’s consumer economy…[Santee Cooper’s Uncertain Future details] the predicament in which this catastrophically mismanaged state-owned asset now finds itself – and how its spectacular failure has the potential to (continue) costing South Carolina ratepayers their hard-earned money…[With state lawmakers and regulators cheering them on, Santee Cooper and its private sector] partner SCANA spent $10 billion (including $2 billion taken directly from ratepayers) on a pair of next-generation nuclear reactors…The money was spent, but the reactors…[are not even half-finished – with the cost to complete them reportedly ranging from anywhere between $9-16 billion…The result? A $10 billion hole in the ground at the V.C. Summer nuclear power station…” click here for more

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