Seabrook could cost $7 billion; unit 2 outlays ok'd

Journal Article · Tue Feb 01 04:00:00 EST 1983 · Electr. Light Power; (United States)

OSTI ID:6316215

The New Hampshire Public Service Commission is concerned with increased costs of the Seabrook nuclear plant project, which its estimate reveals could rise to between $6 and 7 billion; the commission wants to assure that Unit 1 will not go uncompleted for lack of funds. The Public Service Co. of New Hampshire (PSNH), for whom Seabrook is being built, feels the Seabrook project is economically justifiable despite the higher costs. The New Hampshire Supreme Court in December 1982 ruled in favor of continued expenditures on Seabrook-2 without requiring PSNH to reduce its 35% share. The company announced a 43% increase in projected costs (to $5.12 billion) and a 10-month delay in completion (now December 1984 for Unit 1 and March 1987 for Unit 2). Justification for the plant is based on lower overall energy costs for consumers when the area reduces its dependency on imported oil. Low bond ratings have deprived the utility of financial flexibility. (DCK)

• OSTI ID: 6316215
• Journal Information: Electr. Light Power; (United States), Journal Name: Electr. Light Power; (United States) Vol. 61:2; ISSN ELLPA
• Country of Publication: United States
• Language: English

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