Thread: Drill Baby Drill, just not in Florida

Originally Posted by goober

Ahhh, so you are saying nuclear power doesn't make economic sense, good point!


Public Utilities are allowed to make a certain rate of return on their "Rate Base" which is the cost of the equipment that has become operational.
If you build a power plant, you pay for it, and it gets added to the rate base when it becomes operational. The problem with a nuke is that they cost a huge amount, they never get delivered on time or on budget, and sometimes they don't get finished.
If Duke feels that building this plant is too great a risk for their stockholders, what does that tell you about nuclear power?

Actually it does make economic sense along with the obvious environmental benefit. The only real "risk" involved is non-technical; manufactured by folks with a political agenda.

Therefore it makes sense to shed the harsh light of truth on your political agenda.

Originally Posted by Damn Yankee

It's a utility, so the fee will be passed onto the customers eventually anyway. And by lowering the risk, the cost should be reduced, and the likelihood of success increased.

Utilities, as you pointed out are regulated so they can only charge a certain amount.

The company should take all the risk for this expansion. They want to expand to make more money, they just don't want to pay for it. To tax the citizens to pay for it is nothing less then wealth distribution from the bottom up.

Originally Posted by wooyarn

Utilities, as you pointed out are regulated so they can only charge a certain amount.

The company should take all the risk for this expansion. They want to expand to make more money, they just don't want to pay for it. To tax the citizens to pay for it is nothing less then wealth distribution from the bottom up.

By regulating their profit the incentive to take risks is removed. Why don't you know this basic stuff?