He offered some devastating statistics to back up this view. One was a U.S. Department of Energy review that showed that 75 of the nation's 103 nuclear plants were estimated to cost $45 billion in
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1990 dollars but actually ended up costing more than three times as much - $145 billion in 1990 dollars - not including interest.
He said that, while the nuclear industry currently projects it can build plants for about $1,200 to $2,000 per kilowatt, those estimates are very likely optimistic, considering construction costs are rising and new designs have not been proven at full scale.
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