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UK nuclear power plant contract: 80bn deal or no deal?

2013-10-21 22:02:00| Climate Ark Climate Change & Global Warming Newsfeed

Guardians: The British energy secretary, Ed Davey, has signed the first new nuclear contract with French state-backed utility firm EDF, admitting only a clairvoyant could know the true cost to the taxpayer of the 35-year contract because of the uncertainty of future energy prices. Energy academics said on Monday that the deal was a gamble, but estimated the cost would be at least 80bn over the life of the two new reactors to be built in Somerset, or roughly 3.5m a day for each reactor at current rates....

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Westinghouse clashes with Georgia Power over nuclear plant cost overruns

2013-10-21 10:34:39| Energy - Topix.net

The judge called it a "highly choreographed 'race-to-the-courthouse' " of immense consequence.

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VIDEO: Nuclear power plant set to go ahead

2013-10-21 09:06:06| BBC News | Business | UK Edition

The government is set to give the go ahead for the UK's first new nuclear station in a generation.

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Nuclear power plant set for go-ahead

2013-10-20 19:42:20| BBC News | Business | UK Edition

The government is expected to give the go-ahead on Monday for a consortium including Chinese investors to build the UK's first nuclear plant in a generation.

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United Kingdom: Nuclear power plant set for go-ahead

2013-10-20 19:42:00| Climate Ark Climate Change & Global Warming Newsfeed

BBC: The government is set to give the go-ahead for the UK's first new nuclear plant in a generation on Monday. French-owned EDF Energy will lead a consortium that includes Chinese investors to build the Hinkley Point C power station in Somerset. Ministers and EDF have been in talks for more than a year. But it is understood that the two sides have agreed the all-important "strike price" - the guaranteed rate to be paid for electricity produced at the site. Chancellor George Osborne removed...

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