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Bob Meinetz's picture
Nuclear Power Policy Activist Independent

I am a passionate advocate for the environment and nuclear energy. With the threat of climate change, I’ve embarked on a mission to help overcome the fears of nuclear energy. I’ve been active in...

  • Member since 2018
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  • Nov 2, 2020
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"The government is considering taking an ownership stake and consumers may see a small addition to their bills to pay for the project as it is being built, in order to drive down the costs of financing a project that may cost up to £20bn and take about 10 years to build.

The bigger the government stake, the smaller the call on consumers to 'pay as you go' for the development and construction costs."

Again and again we find government involvement is necessary to help put nuclear back on its feet. Private investment expects immediate returns; nuclear is in it for the long run.

"This funding model has been treated with suspicion before, as opponents say it transfers the risk of delays and budget overruns from the contractor to the consumer and the taxpayer.

However, the BBC understands that the fact Sizewell C is a carbon copy of Hinkley - which has seen work on a second reactor there completed 30% more quickly than the first - is thought to have substantially mitigated that risk."

As Southern Company finishes its work at Vogtle Units 3 & 4 in Georgia, its CEO was asked if, after years of delays and cost overruns, what his goals would be after the units went online. "Build two more," he replied. "Now we know how to do it right."

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