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http://counterpunch.com/wasserman09142010.html
Is this a factually accurate accounting of the cost of this new nuclear plant?
In the US, liability is capped at around $11 billion, even though the financial damage from a full-scale catastrophe could easily soar into the trillions. Minimum estimates from the 1986 Chernobyl disaster, which occurred in a remote, impoverished area, have exceeded $500 billion. By recent estimates the death toll is 985,000 and still counting.
Why Atomic Energy Can't Compete
Is the Nuclear Renaissance Dead Yet?
By HARVEY WASSERMAN
Soaring costs at Vogtle, the US's one active new reactor project, have stuck Georgia ratepayers with $108 million in unplanned overcharges Currently calculated to cost a sure-to-soar $14.5 billion, the Vogtle project got $8.33 billion in federal loan guarantees from Obama in February. Citizen/taxpayer groups have since sued to see the details, which the administration is keeping secret. Georgia Power, which is building Vogtle, has already asked for another $1 billion rate increase.
Is the Nuclear Renaissance Dead Yet?
By HARVEY WASSERMAN
Soaring costs at Vogtle, the US's one active new reactor project, have stuck Georgia ratepayers with $108 million in unplanned overcharges Currently calculated to cost a sure-to-soar $14.5 billion, the Vogtle project got $8.33 billion in federal loan guarantees from Obama in February. Citizen/taxpayer groups have since sued to see the details, which the administration is keeping secret. Georgia Power, which is building Vogtle, has already asked for another $1 billion rate increase.
Is this a factually accurate accounting of the cost of this new nuclear plant?
In the US, liability is capped at around $11 billion, even though the financial damage from a full-scale catastrophe could easily soar into the trillions. Minimum estimates from the 1986 Chernobyl disaster, which occurred in a remote, impoverished area, have exceeded $500 billion. By recent estimates the death toll is 985,000 and still counting.
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