One nuclear industry safety assessment figure claims risks are only one-tenth as great as the historic record shows they are. If the people in the industry know it, they are not admitting to a serious safety problem. If they don’t know it, they are simply ignorant of their industry’s record. Either way, I think it is clear that nuclear industry safety analyses should be regarded as untrustworthy.
Lazard is a global asset management company that tracks the cost of producing electricity, among other things. It uses a measure called the Levelized Cost of Energy (LCOE), which averages the estimated costs of construction, maintenance, and fuel for electricity generating assets over the number of megawatt-hours that each is expected to produce over its lifetime. In simple terms, it is one way of comparing different ways of making electricity to see which cost more and which cost less.
Virginia is about to receive approval for a nuclear plant that would cost 3-5 times what the equivalent wind and solar generation would cost. And it’s only 80 miles from Washington.
