Tag Archives: SCE&G

Same old story: Summer reactors delayed, overbudget

The Summer nuclear project, May 2014. Still a long ways--and a lot more rate increases--to go.

The Summer nuclear project, May 2014. Still a long ways–and a lot more rate increases–to go.

A few years ago, back before the nuclear “renaissance” had fizzled down to construction of four southern reactors taking advantage of utility-friendly Public Service Commissions (PSCs) that allow the utilities to treat their customers as private banks, there was a lot of boasting in the industry that this time they knew how to get it right.

The spiraling cost overruns and lengthy schedule delays that were emblematic of reactor construction in the 1970s and 1980s would be a thing of the past, the industry promised. New modular construction techniques and, of course, “lessons learned” would ensure that the renaissance reactors would be built on-time and on-budget.

Yeah, right. Continue reading