On Fri, Jun 2, 2017 at 3:45 PM, Jed Rothwell <jedrothw...@gmail.com> wrote: > > I do not think Fukushima has anything to do with the Toshiba bankruptcy. >
Not directly. Indeed Toshiba is playing an important role in the cleanup and is likely profiting from that. When Plant Vogtle units 1 and 2 were under construction, their cost was projected to be $800M. Then, March 28, 1979 TMI happened. When I was with the Power company in 1981, regulatory changes had driven the projected cost to $2B. I think the final cost was between 2 and 3 B. Ironically, construction on units 3 and 4 was well underway when Fukushima happened. I doubt we can quantify the costs resulting from regulatory changes directly related to that accident; but, it almost certainly has to play a significant role. And it has soured the market on future sales by anyone.
