nukes

Customers of several U.S. utilities could end up paying more than $2.5 billion to cover costs for nuclear plants that never get built, according to according to company disclosures and regulatory filings reported by Bloomberg. In recent decisions, regulators have allowed Duke Energy, Dominion Resources and NextEra Energy, among others, to charge customers $1.7 billion for reactors that exist only on paper, and filings show Duke and Dominion could seek approval to have ratepayers pony up at least another $839 million. Only two of 18 nuclear projects proposed since 2007 are under construction. Those units, being built by Southern Co. in Georgia and Scana Corp. in South Carolina, are billions of dollars over budget and years behind schedule.

– via Bloomberg / Mark Chediak

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