cw69 92-9thegame-vertical2 waok

News

Some Leaders Souring On Nuclear Power Costs

View Comments
File photo of a nuclear power plant. (Photo by JUNG YEON-JE/AFP/Getty Images)

File photo of a nuclear power plant. (Photo by JUNG YEON-JE/AFP/Getty Images)

Get Breaking News First

Receive News, Politics, and Entertainment Headlines Each Morning.
Sign Up

ATLANTA (AP) — As the cost of building a new nuclear plant soars, there are signs of buyer’s remorse.

The second-guessing from officials in Georgia and Florida is a sign that maybe the nation is not quite ready for a nuclear renaissance. On top of construction costs running much higher than expected, the price of natural gas has plummeted, making it tough for nuclear plants to compete in the energy market.

In Georgia, a lawmaker wants to penalize Southern Co. for going over budget with a proposal to cut into its profits by trimming some of the money a subsidiary makes.

In Florida, some lawmakers want to end the practice of utilities collecting fees from customers before any electricity is produced. The fees are used to build or expand nuclear plants.

(© Copyright 2013 The Associated Press. All Rights Reserved. This material may not be published, broadcast, rewritten or redistributed.)

View Comments
blog comments powered by Disqus
Follow

Get every new post delivered to your Inbox.

Join 2,130 other followers