US power company abandons reactor construction (via hisatomijapan)

I am utterly astonished. I can’t figure this one out. The government is in the industry’s pocket. The American press really isn’t interested. The American public is opposed but if you have lived here any length of time, you know how little public opinion means. So, a utility is giving up builing a plant with loan guarantees from the federal government and indemnification if there were a crisis or future meltdown? I don’t get it.

Did some official in the company decided to exercise some judgment? Did somebody grow a backbone? Or did someone take out a calculator and figure out how much the building costs would increase if all the cures for the safety problems at the Fukushima plant were incorporated into the new plant’s design?

James Pilant