Some leaders souring on nuclear power costs - 13 WTHR Indianapolis

Some leaders souring on nuclear power costs

Posted: Updated:
ATLANTA -

As the cost of building a new nuclear plant soars, there are signs of buyer's remorse.

The second-guessing from officials in Georgia and Florida is a sign that maybe the nation is not quite ready for a nuclear renaissance. On top of construction costs running much higher than expected, the price of natural gas has plummeted, making it tough for nuclear plants to compete in the energy market.

In Georgia, a lawmaker wants to penalize Southern Co. for going over budget with a proposal to cut into its profits by trimming some of the money a subsidiary makes.

In Florida, some lawmakers want to end the practice of utilities collecting fees from customers before any electricity is produced. The fees are used to build or expand nuclear plants.

(Copyright 2012 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)

Powered by WorldNow
Links to the FCC website to view WTHR and/or WALV’s on-line public inspection files:
WTHR: https://stations.fcc.gov/station-profile/WTHR   ||   WALV: https://stations.fcc.gov/station-profile/WALV
Individuals with disabilities may contact Jill Pursell at publicfile@wthr.com, or 317.655.5602, for assistance with access to the public inspection files.
Powered by WorldNowAll content © Copyright 2000 - 2013 WorldNow and WTHR. For more information on this site, please read our Privacy Policy and Terms of Service.