NuScale says it stands by cost estimates based on its new design, and that it has long been in touch with regulators about the revisions. “We don’t expect any surprises,” says José Reyes, NuScale’s CTO and cofounder. UAMPS spokesperson LaVarr Webb acknowledges the uncertainties of the design approval process, but says that the $89 price for power from the planned Idaho reactors is still competitive, given spiking natural gas prices and because always-on power can help stabilize the grid. Interest rate hikes and supply chain crunches have increased the costs of all power plants, he points out, not just those that split atoms.
Despite that optimism, officials in Morgan, Utah,
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