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First U.S. nuclear reactor built from scratch in decades enters commercial operation in Georgia (www.nbcnews.com)

submitted 1 year ago by L4s@lemmy.world to c/technology@lemmy.world

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First U.S. nuclear reactor built from scratch in decades enters commercial operation in Georgia::ATLANTA — A new reactor at a nuclear power plant in Georgia has entered commercial operation, becoming the first new American reactor built from scratch in decades.

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[–] nymwit@lemm.ee 5 points 1 year ago (1 children)

Currently, the owners are projected to pay $31 billion in capital and financing costs, Associated Press calculations show. Japan’s Toshiba Corp., which then owned Westinghouse, paid $3.7 billion to the Vogtle owners to walk away from a guarantee to build the reactors at a fixed price after overruns forced electric industry pioneer Westinghouse into bankruptcy in 2017. Add that to Vogtle’s price and the total nears $35 billion.

Does this seem strange to include the 3.7 billion in here? I guess when you're used to costs meaning what it cost the purchaser of said product or service it seems weird. Like, if I was the group paying for this I might even think to reduce the reported cost by 3.7 billion.

That's copied from the AP news article the post's nbcnews article links to. Similar statement in the nbcnews one, but....they don't let you highlight any text? Lame.

[–] PersnickityPenguin@lemm.ee 2 points 1 year ago* (last edited 1 year ago)

Yeah, for sure thats a cost savings if your contractor pays you back $3.7 billion to walk away. Thats almost 15% of the total cost for the project, which is:

$35B - $3.7B = $27.3B

Either the journalist can’t add and subtract, or they printed that intentionally to make it seem worse. As if a 100% cost escalation wasn’t bad enough, lol. Although that was probably inevitable due to inflation.