Reversing nuclear power cost trends

Nuclear power production expenses rose steadily during the 5-year period 1979 through 1984 at rates ranging from 15 to 25% per year for nonfuel expenses. During that period, fuel costs rose about 14% per year. Experience of the past few years demonstrates that significant economies-of-scale do exist in plant operation and maintenance. A regional operating company could exploit such economies-of-scale and would also be expected to attract and retain a more-experienced and stable staff. Over the years, that combination should significantly improve plant operating performance and safety. The net effect would be a combination of reduced operating expenses; improved availability; higher capacity factors; and, possibly, lower heat rates. In an era of increasing competition within energy business, all options should be considered carefully. Bold innovation will be the key to a nuclear future. 5 references, 8 figures.