this post was submitted on 07 Dec 2023
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Hopefully they are able to utilize the more modern designs. For the most part the general public's frame of reference is Chernobyl or 3 mile island and those are fairly old designs from the 50s/60s.
My frame of reference is the latest nuclear reactor built in the US. It was six years late, $14 billion over budget, bankrupted Westinghouse, and is set to increase electric rates. The DoE had to give them a $12 billion loan just to finish construction.
I'm not scared they're gonna blow up. I'm scared they're gonna waste a ton of money that could be used for renewables. Heck, even the small modular reactors are running over cost and over time.
Just general problems when using lowest bidder based contracting and cost-plus contracts. The same thing happens any time there's any major project these days: pipelines, transmission lines, hydro plants, etc.
When you have a firm, that is ran by accountants - odds are, you have a firm that is great at squeezing on line items, but lacks the long term vision to see how that squeeze will lead to deficits and higher cost in the long term.
The fastest way to plummet a successful company, is to take the Industry experts out of the position (I mean people who worked their way up through the industry, and learned management along the way by experts btw), and replace them with an MBA/ Accountant who got hired into their upper management position without really working in the industry prior to.
And I pretty much guarantee you, this is what happened.