Billions lost in nuclear power projects, with more bills due
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August 6, 2017
COLUMBIA, S.C. (AP) — A decade ago, utilities were persuading politicians around the country to let them spend big to go nuclear.
Expanding nuclear energy capacity was a sure bet, they said: Natural gas prices were rising, energy needs skyrocketing, and the federal government was poised to cripple carbon-emitting fossil fuel plants. With a dozen or more nuclear power projects being developed around the nation, cost savings could be found through simultaneous construction.
State legislators were sold. In South Carolina, they even passed a law allowing utilities to charge customers up front and...
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