Why nuclear plants could become the next ‘fossil’ fuel

HOMESTEAD: A gray dinosaur statue outside south Florida’s largest power plant is meant to symbolise two decommissioned fossil fuel reactors, but it also could be seen to represent a nuclear industry crumpling under mounting costs.
Almost a decade ago, Turkey Point was aiming to become one of the country’s largest nuclear plants.
Florida Power and Light had argued that such expansion was needed to maintain diverse energy sources and to supply Florida’s booming population for years to come, while touting nuclear as a clean form of energy.
But now, just three reactors are in operation — one natural gas and two nuclear reactors, built in the 1970s.
And plans to build two more nuclear reactors — first announced in 2009 — are essentially on hold for at least four years, according to filings with the state’s Public Service Commission.
“Right now our only focus is on getting all the approvals we need,” company spokesman Peter Robbins said. “We are not buying construction materials.”
Earlier this year, the bankruptcy of Westinghouse, builder of the AP1000 reactor — the model scheduled for use at plants in South Carolina and Georgia as well as Turkey Point — rattled the industry.
Both projects are now years behind schedule and billions of dollars over budget. “We are very closely monitoring the two new nuclear projects going on,” Robbins said.
The Southern Alliance for Clean Energy estimates that construction on Turkey Point has been delayed until 2028 at the earliest, with costs expected to balloon to over $20 billion.
FPL has refused to publicly revise its projections at Turkey Point, for now. “We don’t think there is value in coming up with a new cost or schedule until those reactors are closer to completion,” Robbins said.
The project has been controversial from the start, and casts the spotlight on wider concerns about nuclear power.
Critics have pointed to the rising seas from climate change, risks of storm surge, radioactive waste and threats to drinking water and wildlife at the site, nestled near Everglades National Park, as reasons to stop nuclear expansion.
Complaints have also centred on the difficulty of evacuating the densely populated area around the plant in case of emergency.
Miami-Dade County is home to 2.6 million people. “Investing tens of billions of dollars on a power plant that will be underwater one day, along with the highly radioactive waste it will produce, makes no sense,” said fishing captain Dan Kipnis, one of the activists who is fighting to stop the project.