Monday, July 28, 2008

Nuclear Power Plants for South Carolina

I noticed in Sunday's Aiken Standard that our State Legislature passed a law in 2007 which mandates that all costs of building the two nuclear power plants in South Carolina be paid by the ratepayers (read customers). Neither the company nor the stockholders of the company will be at risk. They will, of course, continue to reap a guaranteed profit from all of their operations regardless of the costs. Wouldn't it be nice if they had to reimburse the customers for excessive costs or all costs if they fail to complete the construction of the power plants! I wonder how the Aiken delegation voted on this law?

I support the construction of nuclear plants as part of the solution to our energy problems; I just think the companies building the sites should bear some of the risk.

No comments:

Post a Comment