Competition in the electric utility industry came after a nationwide flood of nuclear power cost over-runs. History is now repeating in Georgia and Florida, where popular reaction against uneconomic nuclear power is in bright contrast with support for solar energy. I wrote last week that the utilities resistance to solar makes sense only to the incumbent utility with an old business model. Read more >
Buyer Beware: Midwest Utilities Experience Coal Plant Sticker Shock; Will New Nuclear Do the Same for the South?
September 5, 2012 11:58 AM EDT
Don’t you hate it when you’re quoted a price for a new car over the phone or online, but when you get to the dealership they inform you the price is actually hundreds (or even thousands) of dollars more than they said it would be? Imagine how you’d feel if the price was millions or even billions of dollars more. Read more >
August 17, 2012 9:21 AM EDT
On February 9, 2012, the Nuclear Regulatory Commission approved the first-ever combined operating license that authorized the construction and operation of two new reactors: Vogtle 3 & 4 in Georgia, the first nuclear reactor project to commence construction in more than 30 years in the United States. But less than six months later, cost overruns are approaching one billion dollars while a dispute between the project’s developers and a consortium of contractors over these cost increases and associated schedule changes threatens to delay the project’s expected completion date. Read more >
May 16, 2012 3:01 PM EDT
The great Spanish-American writer and thinker George Santayana said, “Those who cannot remember the past are condemned to repeat it.” This pairs rather nicely with the title for this post, which I borrowed from that great American author of malapropisms, Yogi Berra. Read more >