Monticello nuclear plant repairs surge

  • Article by: David Shaffer , Star Tribune
  • Updated: July 15, 2013 - 10:49 AM

The bill for upgrades to Monticello nuclear plant is expected to grow even more, which may affect utility’s rate hike request.

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gkimballJul. 14, 13 8:50 PM

Ah yes - nuclear power - wasn't it supposed to be "too cheap to meter?" Wait until we get the bill to dispose of the stuff...

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pipdipchipJul. 14, 13 8:55 PM

Although I'm not happy that these costs will be passed onto us Xcel customers, I'll cut Xcel some slack. Working on anything nuclear must be very difficult. Not many construction sites have the threat of killing millions if something goes horribly wrong while they're working on it.

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rayk1800Jul. 14, 13 9:36 PM

The upgrade benefits Xcel, but not the ratepayers. Seriously, a project goes over budget 83%? As a PM, I just find that hard to swallow. At any rate, ratepayers should pay for the estimated upgrade cost, but not the overage. Maybe a hit on the bottom line will help Xcel control costs.

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LandsharkJul. 14, 1310:00 PM

Have you ever seen any old Xcel equipment, trucks etc. No, and we pay that bill too!

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overlandJul. 14, 1310:08 PM

Kleit "said ratepayers often take the hit for cost overruns in states such as Minnesota where utilities are subject to traditional rate regulation. He said investors would suffer the loss in states with deregulated power markets, a road Minnesota hasn’t taken." EH? Using cost increases on an unneeded uprate to promote deregulation? Whatever is he thinking!

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sek2undrstndJul. 14, 1310:23 PM

I bet we could have started a Solar Bank and used it to outfit almost every house in the Twin Cities with solar panels for the price they paid to do the work on the Monticello plant. At least, all of the houses that wanted them. When will we ever learn?

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refurnishJul. 14, 1310:26 PM

We should delay discussion of the Xcel rate hike request until Xcel is ready to discuss the normal financial examinations for claims which Xcel has asserted. "Utility officials declined to answer questions about the cost overruns, saying it would be inappropriate to comment while state regulators are considering the rate hike request" So says Xcel Energy

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billybillyJul. 14, 1310:27 PM

The BIG reason you still see these plants running and being re-certified is that the cost of decommissioning them is very, very expensive. Anybody that thinks nuclear is safe and environmentally safe is living in a fantasy.

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inoallJul. 15, 13 1:54 AM

all is well. At least it isn't 300 million over budget. Can any one say coal.

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pitythefoolsJul. 15, 13 7:44 AM

That kind of overage is due to pure incompetence. Before they raise my rates a cent to cover this I want to know who got fired. And there better have been a lot of them, and at that signature authority level it better include a lot of executives.

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