Price triples for Progress Energy's proposed nuclear plant in Levy

[bananas]

"customers' monthly bills...are expected to spike as construction intensifies"

http://www.sptimes.com/2008/03/11/Business/Price_triples_for_Pro.shtml

Price triples for Progress Energy's proposed nuclear plant in Levy
Progress Energy's planned plant costs $17-billion.

By Asjylyn Loder, Times Staff Writer
Published March 11, 2008

Progress Energy tripled its estimate for its new nuclear power plant in Levy County, saying Monday that the new price is $17-billion.

Customers could start paying for it next year, with the average residential customer facing an increase of about $9 a month.

<snip>

Lyash estimated that the customers' monthly bills will increase an average 3 percent to 4 percent a year over the next decade but are expected to spike as construction intensifies.

<snip>

In recent weeks, the much vaunted "nuclear renaissance" has shown signs of weakening, as the rising price erodes support. South Carolina Electric & Gas, along with two subsidiaries of Southern Co., have already delayed their plans. In January, a utility pulled the plug on a planned nuclear plant in Idaho.

<snip>

[jpak]

1. but...but..but...we were told Japan can build AP1000s in 4 years for $2 billion each!!!!1111

now it's $8.5 billion each and 8-9 years to build???

never mind...(the ratepayers are paying for it anyway)...