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Nuclear Construction Lead Times: Analysis of Past Trends and Outlook for the Future

Abstract:
Cost, duration, and other uncertainties of nuclear construction have recently been in the forefront of the news. Tales of mismanagement, inconsistent quality assurance, and utility financial woes have prompted many to ask why it takes so long and costs so much to build a nuclear power plant, and what the outlook is for plants currently under construction.

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Energy Specializations: Nuclear Power – Policy and Regulation; Nuclear Power – Other

JEL Codes: Q41: Energy: Demand and Supply; Prices, Q40: Energy: General, Q54: Climate; Natural Disasters and Their Management; Global Warming, L71: Mining, Extraction, and Refining: Hydrocarbon Fuels, L94: Electric Utilities, C51: Model Construction and Estimation, C53: Forecasting Models; Simulation Methods, L95: Gas Utilities; Pipelines; Water Utilities

Keywords: Nuclear power plant construction, Uncertainty, Electric utility finances, Project management

DOI: 10.5547/ISSN0195-6574-EJ-Vol6-No1-6


Published in Volume 6, Number 1 of The Quarterly Journal of the IAEE's Energy Economics Education Foundation.