Word: ebasco
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Dates: during 1970-1979
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...costs of building and borrowing are skyrocketing. Thus, the cost of a nuclear power plant planned for Midland, Mich., in 1968 was estimated to be $260 million; the plant, not yet finished, is now expected to cost $1.4 billion. In total, says Power Plant Builder Leonard Reichle of Ebasco Services, Inc., a nuke costs $1,005 per kilowatt of generating capacity, while a coal-fired plant costs between $690 and $910 per kilowatt...