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Lehi City Council backs out of NuScam ‘small’ nuclear reactor project

Lehi City Council votes to back out of nuclear power project contract, Herald Extra,   By Connor Richards Daily Herald  26 Aug 20, 

The Lehi City Council voted unanimously Tuesday to withdraw the city from a multiagency nuclear power project that would provide nuclear power to cities across Utah, citing concerns over increasing costs.

The Carbon Free Power Project is an initiative by Oregon-based NuScale Power, the Utah Associated Municipal Power Systems and the United States Department of Energy to build a small modular reactor power plant at the Idaho National Laboratory………

Earlier this month, the Utah Taxpayer Association called on cities to withdraw from the project ahead of the Sept. 14 deadline after a closed-door virtual town hall meeting on July 21 where officials warned of project delays, increased costs to cities and towns involved, and “dependence on unpredictable federal subsidies.”

“The UAMPS project will lock in 27 municipalities in Utah and several in surrounding states for a share of billions of dollars in costs and unclear risk in the pursuit of a cluster of small modular reactors (SMRs) touted by Oregon-based NuScale Power, which repeatedly has delayed timelines and increased costs associated with its SMRs,” Utah Taxpayer Association Vice President Rusty Cannon said in an Aug. 4 news release. “The risky project with massive cost escalations is being conducted largely out of the public eye.”

Earlier this month, the Utah Taxpayer Association called on cities to withdraw from the project ahead of the Sept. 14 deadline after a closed-door virtual town hall meeting on July 21 where officials warned of project delays, increased costs to cities and towns involved, and “dependence on unpredictable federal subsidies.”

“The UAMPS project will lock in 27 municipalities in Utah and several in surrounding states for a share of billions of dollars in costs and unclear risk in the pursuit of a cluster of small modular reactors (SMRs) touted by Oregon-based NuScale Power, which repeatedly has delayed timelines and increased costs associated with its SMRs,” Utah Taxpayer Association Vice President Rusty Cannon said in an Aug. 4 news release. “The risky project with massive cost escalations is being conducted largely out of the public eye.”

In November 2017, the total cost of the project was estimated at $3.6 billion. By November 2019, that number had increased to $4.2 billion. By July, the estimated cost had gone up to $6.1 billion.

That would cost Lehi $466 million at the city’s current subscription levels, Eves said. UAMPS would be responsible for paying $4.8 billion, while the DOE would pay $1.3 billion and NuScale Power would pay $5 million.  …………  https://www.heraldextra.com/news/local/govt-and-politics/lehi-city-council-votes-to-back-out-of-nuclear-power-project-contract/article_0af6e67c-24e5-5427-9029-e52b9f9d63ae.html

August 27, 2020 - Posted by | business and costs, politics, Small Modular Nuclear Reactors, USA

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