Kugelmass: US nuclear capital costs rose tenfold from 1968 to 1978
Brett Kugelmass · Strong opinions on SMRs · Feb 16, 2023 · at 40:21
Brett Kugelmass, CEO of Last Energy, explains how cost-plus regulated utility margins distorted nuclear construction costs in the US.
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“What you saw from 1968 to 1978 was a tenfold increase in price for the exact same product delivered because that was a tenfold increase in the profit that the companies were allowed to make.”
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