The small power systems that are pursuing a project to build nuclear reactors in Idaho are sticking with the plan despite a 53% jump in the price of the project.
www.sltrib.com
Some Utah cities are willing to dig deeper to become nuclear-powered.
Utah Associated Municipal Power Systems recently updated the 27 entities pursuing construction of several small nuclear power generators in Idaho, and
the $58-per megawatt hour cost has now grown to $89, mainly due to inflation and the rising cost of steel.
That price jump meant that the cities had an off-ramp to walk away from the Carbon-Free Power Project before any money has been spent on building what is now estimated to be a $9.3 billion endeavor. The project would not produce power until 2029 at the earliest.
Still, only the small city of Morgan opted out. The city of Parowan also voted to reduce its commitment by a third, but stayed in. And Los Alamos County, N.M., increased its commitment.
The U.S. government has given CFPP its blessing in the form of cash and sign-offs. Clean-energy incentives in the Inflation Reduction Act passed last year, combined with previous commitments, mean the federal government would cover 45% of the $9.3 billion cost.
And the U.S. Department of Energy announced in January that the NuScale design
has been certified as the first “small modular reactor” design in the country.