> which is why fuel is only 15-20% of the operating costs compared to >60% for coal
Nuclear has much higher operating costs than coal. It’s not 20% of 3 = 60% of 1, but it’s unpleasantly close for anyone looking for cheap nuclear power. Especially when you include interest + storage as nuclear reactors start with multiple years worth of fuel when built and can’t quite hit zero at decommissioning so interest payments on fuel matter.
> You're describing a heat exchanger and some pipes. If this is the thing that costs a billion dollars, you're making the argument that this is a regulatory cost problem.
It’s a lot more than that, and far from the only cost mentioned. It’s pumps, control systems, safety systems, loss of thermal efficiency, slower startup times, loss of more energy on shutdown, etc.
> Shielding is concrete and lead and water. None of those are particularly expensive.
Highways don’t use expensive materials yet they end up costing quite a lot to build. Scale matters.
> Equipment to move things is something you need at refueling intervals, i.e. more than a year apart. If this is both expensive and rarely used then why does each plant need its own instead of being something that comes on the truck with the new fuel and then goes back to be used at the next plant?
Contamination with newly spent nuclear fuel = not something you want to move on a highway. It’s also impractical for a bunch of other reasons.
> But then one of them is required to carry that amount of insurance when the others aren't. It should either be both or neither, right?
No nuclear power plants has ever actually been required to carry a policy with that kind of a payout. Taxpayers are stuck with the bill, but that bill doesn’t go away it’s just an implied subsidy.
However, the lesser risk of losing the reactor is still quite substantial. You could hypothetically spend 5 billion building a cheap power plant rather than 20+ billion seen in some boondoggles but then get stuck with cleanup costs after a week.