Skyrocketing new reactor construction costs that just toppled Calvert Cliffs 3 could also undermine South Texas Project 3 & 4 and Summer 2 & 3
NIRS, Public Citizen, South Carolina Sierra Club, and former NRC Commissioner Peter Bradford have warned in a press release that the same forces -- skyrocketing new reactor construction costs, decreased demand for electricity, competition from renewables and efficiency, low natural gas prices, etc. -- which just undermined the Calvert Cliffs 3 new reactor proposal in Maryland are also battering away at the new reactor proposals in Texas (South Texas Project Units 3 and 4) and South Carolina (V.C. Summer Units 2 and 3). Calvert Cliffs, South Texas Project, and Summer were the top three federal nuclear loan guarantee finalists after Vogtle Units 3 and 4 in Georgia, which the Obama administration awarded a conditional $8.3 billion taxpayer-backed loan guarantee last February. The audio recording of the full press conference is also posted online.