Posted on Joe Romm's Climate Progress blog...


http://climateprogress.org/2008/06/13/nuclear-power-part-2-the-price-is-not-right/

Nuclear power, Part 2: The price is not right

In mid-2007, a Keystone Center nuclear report, funded in part by the nuclear industry estimated capital costs for nuclear of $3600 to $4000/kW including interest. The report notes, “the power isn’t cheap: 8.3 to 11.1 cents per kilo-watt hour.“ In December 2007, retail electricity prices in this country averaged 8.9 cents per kwh.

Mid-2007 has already become the good old days for affordable nuclear power. Jim Harding, who was on the Keystone Center panel and was responsible for its economic analysis, e-mailed me in May that his current “reasonable estimate for levelized cost range … is 12 to 17 cents per kilowatt hour lifetime, and 1.7 times that number [20 to 29 cents per kilowatt-hour] in first year of commercial operation.”

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