The Vogtle nuclear power plant cost is projected to balloon to more than $12,000 per megawatt. In a study we did for the California Energy Commission in 2009, even at $4,000 per megawatt, nuclear power was uneconomic. This explains why nuclear power is not taken seriously as a solution to reducing greenhouse gas emissions.
Source: Vogtle nuke cost could top $25B as decision time looms | Utility Dive
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Final cost for the Vogtle plants is $30 billion. And they are likely to be the last conventional units built in the U.S. https://www.canarymedia.com/articles/nuclear/georgias-big-new-nuclear-reactors-could-be-the-last-built-in-the-us
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The lastest estimate is $17.1 billion. It has over $8 billion in DOE loan guarantees. https://www.greentechmedia.com/articles/read/georgia-utility-regulator-more-delays-likely-for-vogtle-nuclear-plant
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Pingback: MIT tries to resurrect nuclear power | Economics Outside the Cube
Two more articles about the struggle of convention nuclear as it comes to an end in the U.S. First, the South Carolina utilities may be stuck with a $20 billion bill. https://www.utilitydive.com/news/whats-next-for-south-carolinas-embattled-utilities/520838/
And even though FP&L received new licenses for two plants at Turkey Point, the utility is reconsidering whether to move forward. https://www.utilitydive.com/news/nuclear-regulators-to-license-two-new-reactors-at-turkey-point-facility/520818/
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Westinghouse warned of problems 6 years ago.
https://www.utilitydive.com/news/westinghouse-report-predicted-nuclear-development-problems-6-years-ago/512719/
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The utilities are trying to make a case for continuing the power plant despite the multitude of problems. https://www.greentechmedia.com/articles/read/georgia-power-vogtle-nuclear-plant-hearings#gs.1j8m_us
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