Word: costs
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Dates: during 1970-1979
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...Medical Area Total Energy Plant--known to those who care as MATEP. Once upon a time, Harvard had a brilliant idea: build the largest co-generation plant in America to provide power for Harvard's medical schools and 13 other area institutions. Back then, they figured it would cost about $40 million. And they counted on large savings in oil that MATEP would pass on to its Harvard affiliates...
...PROPOSALS MADE almost nobody happy. MATEP is unhappy because it thinks the 200 limit is absurd. While Lashman says the plant can meet the "stringent conditions," as he labels them, it can only do so by sacrificing cost and energy efficiency. Harvard has already invested almost $175 million in what is beginning to look like a white elephant...
...company that can provide backup for Harvard, but to do so, it must invest $10 or $15 million in an essential step-down station. Edison spokesmen smugly tell you that if MATEP wants to buy backup power for 20,000 of the plant's 30,000 kilowatts, it will cost about $1 million a year. "If that's the case," says one, "you might as well forget the whole thing...
...over the country, the price tag for Seabrook has more than doubled from $973 million to more than $2 billion since its conception. If we continue pouring money down the nuclear drain, we will not have the resources or the will to invest in other energy sources. The final cost of Seabrook alone is more than twice the federal government's total annual investment in solar research and development...
...large portion of the increased cost of building Seabrook is the result of stricter safety and environmental standards, made necessary by the public's greater awareness of nuclear power's potential hazards. The danger of a nuclear accident or core meltdown is one which takes on an ominous importance in light of Seabrook's proximity to Boston. The near-disaster at Three Mile Island has exploded the myth of a fail-safe nuclear plant...