popular logistics

Rebecca Smith reported in the Wall Street Journal that Florida Power and Light, FPL, is considering spending $12 to $18 Billion to construct two nuclear reactors at its appropriately named Turkey Point facility in southeast Florida.

Florida Power says “two advanced-design nuclear plants at Turkey Point that would add between 2,200 and 3,000 megawatts. If built, the units are expected to go into service in the years 2018 and 2020.”

John Dorschner writes in the Miami Herald that FPL wants to start billing today for plants that may or may not be built and running in 10 to 12 years! “The average home electric bill in South Florida is likely to increase about $2.50 a month next year to start paying for two nuclear power plants that Florida Power & Light hopes to put in service in 10 or 12 years.” That’s like ‘buy now pay later,’ except it’s ‘pay now, buy later.’ And the plants haven’t been approved by Florida’s Public Service Commission. So it’s ‘Pay now, buy later - maybe!‘

What about Wind Power? The 7.5 MW Atlantic County Utilities Authority Wind Farm cost an estimated $12 million, approximately $1.6 per watt. (click here)

Putting the pieces of this puzzle together, FPL wants to spend $12 to $18 Billion, assuming no cost overruns, to add 2200 to 3000 mw of capacity in 2018 or 2020. If $12 Billion builds 2200 MW, then we are looking at $5.46 per watt of capacity. Similarly, if $18 Billion builds 3000 MW, we are looking at $6.00 per watt. That’s about what it costs to install commercial scale PV solar, and about four times what it costs to build land based wind farms, and twice what it costs to construct an offshore wind farm. And it takes a whole lot less than 10 or 12 years to install solar panels and build wind farms. Since there is no fuel, there is no fuel cycle, there are no fuel costs, there is no waste heat, and are no toxic or radioactive wastes with wind and solar.

Let’s ignore for a second the fact that nuclear plants present terrorists with targets, the massive subsidies that the government provides nuclear power, the national security ramifications of nuclear power, and the fact that the NRC fires whistleblowers and ignores critics – which in and of itself is a cause for concern – the regulator appears to be incompetent. Why should we spend Billions to build nuclear plants that won’t be operational for at least 10 or 12 years when we could spend a fraction to build solar and wind systems – which are available almost immediately with no pollution, no security challenges, no potential for disaster, and no need for incompetent government regulators?