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...industry started off small: in 1957 the Government beached a submarine reactor at Shippingport, Pa., and converted it into a power station with an output of 60 MW. The earliest American nuclear facilities were built by private companies, such as General Electric and Westinghouse, as loss leaders to convince utilities that atomic power was the future. They needed little convincing. By the end of 1967 the U.S. had 28 times as much nuclear capacity on order as it did in operation. The capacity of plants under construction increased from 300 MW in 1962 to 700 MW...
...Palo Verde complex, three 1,270-MW units 50 miles west of Phoenix. It is looked upon as a success by current nuclear industry standards because the expected final cost of some $6 billion is only about double the original estimate of $2.8 billion. A study released in January by the Energy Information Administration, a division of the Department of Energy, showed that 36 of the 47 nuclear plants surveyed cost at least twice as much as initially projected, while 13 of them were four times higher. Among the most expensive of these nuclear white elephants...
SHOREHAM. Overlooking the sound on the North Shore of New York's Long Island, this 1,100-MW plant was supposed to cost $241 million when it was started in 1965 and was expected to go on line in 1975. Now nearly a decade behind schedule, the plant will cost at least $4 billion, or 15 times the original estimate, and could run the Long Island Lighting Co. (Lilco) even more before it produces any electricity. The utility last year had a continuing battle with Suffolk County officials over the approval of evacuation plans in case of an accident...
MIDLAND. Conceived as a cooperative venture that would supply Michigan's Consumers Power Co. with electricity and a neighboring Dow Chemical plant with steam, the two-unit, 1,300-MW project on Michigan's Tittabawassee River was launched in 1969. It then carried a $267 million price tag. The problem-plagued development is currently nine years behind schedule and egregiously over budget. Company officials say that construction, now 85% complete, has al ready cost $3.4 billion...
Compared with coal burners, nuclear power plants generate little waste. A 1,000-MW coal-fired facility produces 30 lbs. of ash per sec., which comes to 423,040 tons a year, or enough to fill 2,568 trailer trucks. The waste from a nuclear plant of the same size would fit into a refrigerator...