Earlier quoted context omitted.
Georgia Power customers have been paying extra for this plant for something like a decade. Rate payers absorbed much of the risk instead of investors in the company. This was pushed as a way to save on financing costs by getting the money from customers upfront but saving them more long term with lower rates. But it appears the customers, despite prepaying for the plant, aren't going to see those savings. The investo…
Setting aside the relative investment risk issues, perhaps customers are happy that they are getting a reliable source of power that is carbon free? Is zero cost the right threshold when looking at the larger benefits, nuclear or solar? That being said, I personally think we are headed to a combination of some always on nuclear combined with a lot of solar. Look to Texas for recent lessons on lack of robustness in po…
When they had not winterized the grid and an abnormal amount of gas, coal and nuclear power went offline.