BEYOND NUCLEAR PUBLICATIONS

Search
JOIN OUR NETWORK

     

     

DonateNow

« Reactor re-construction costs in Canada soared overbudget | Main | Skyrocketing new reactor construction costs that just toppled Calvert Cliffs 3 could also undermine South Texas Project 3 & 4 and Summer 2 & 3 »
Saturday
Nov262011

Reactor construction cost overruns in Canada continue to haunt taxpayers and ratepayers

This excerpt is taken from Pat McNamara's Nuclear Genocide in Canada, Part 4, "Nuclear Costs to Date":

"Cost Overruns from Reactor Construction 

The last reactors built in Canada were at Darlington, 40 minutes east of Toronto. The four Darlington reactors were not completed until 1993 at a cost of $14.5 billion, or more than $10 billion over budget. By 1998, the cost overruns from the 20 reactors in Ontario were the major contributor to Ontario Hydro's $35 billion debt. The utility was bankrupt and split into five separate components. The Canadian government forgave $20 billion of Ontario Hydro's debt (all Canadians are paying this bill) and Ontario electricity users are paying the balance with a surcharge on their electricity bills." (emphasis added)