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.
GTM compiles the studies done over the last month in anticipation of the release of the study ordered by Energy Secretary Rick Perry to examine how increased renewable energy threatens grid reliability.
Germany reached 85% renewable of total energy production on April 30.
Westinghouse has a long history, rivaling General Electric for decades. The two nuclear plants its constructing are overbudget and behind schedule (which was already nearly a decade to completion.) Hard to believe any firm will want to take on these risks in the future.
Reports: Nuclear firm Westinghouse Electric to file for bankruptcy next week | Utility Dive
Utilities are already preparing for potential fallout if the engineering firm overseeing construction of the Vogtle and VC Summer nuclear units goes under.