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#Nuclear Reactors: Follow the Money


 
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#1 eds

eds

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Posted 13 September 2017 - 05:45 AM

2 power companies, who were in a partnership to build the reactors in Fairfield County,
. . . abandoned the plan July 31, after collecting approximately
. . . $1.7 billion so far from rate payers.

The fact that rate payers were forced for years,
. . . to pay for a multi-billion dollar pair of nuclear reactors,
. . . that would never work,
. . . has turned into an ironic hot button issue in South Carolina.

Palmetto State politicians, and voters,
. . . are fond of saying they detest government regulations,
but in this case, it was precisely the lack of regulations, and oversight,
. . . that led to the current situation, critics contend.

9-13-2017 Source:  #Nuclear Reactors: Follow the Money

#2 still learning

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Posted 14 September 2017 - 05:25 PM

View Posteds, on 13 September 2017 - 05:45 AM, said:

but in this case, it was precisely the lack of regulations, and oversight,
. . . that led to the current situation, critics contend.

Found a couple of relevant articles that suggest to me that additional regulation or governmental oversight might not have helped.

Looks like bad management to me.  Bad management at the utilities and at Westinghouse/Toshiba and especially at the construction contractors selected, at least based on two relevant articles, one at NY times and at Forbes.

See https://www.nytimes....h-carolina.html
See https://www.forbes.c...d/#750f90fe2688

The Forbes article is now outdated, but it names names that the NY Times article doesn't.

An aspect not mentioned is that if there were some sort of carbon emissions tax or fee, as there should be in my opinion,  the financial picture of nuclear might look different.  You'd still have the underlying problems of mismanagement, but they might have remained hidden to the public.

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