Entergy-Grand Gulf Nuclear Ratepayer Fleece – Bill Clinton Testimony
It’s not just the nuclear power stations of today that are years behind and over-cost. This is one of many parts of the history of nuclear power that the nuclear industry wants forgotten. This was in the mid-1980s. Billions was a lot more then.
In 1984: “Electric rate increases of 25 to 50 percent or more are looming for millions of customers in nine states because of billions of dollars in excess costs at 14 nuclear plants scheduled for completion in the next few years.”
Once one of the Grand Gulf Nuclear Reactors was completed, it was 400% over budget, five years behind and was mostly unneeded. The second one was not completed. Louisiana, Mississippi, Arkansas and New Orleans fought because no one wanted to pay for it.
In 1985: “The issue is how much people here and in neighboring states will have to pay toward the…
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