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EMD-79-95 1 (1979-07-30)

handle is hein.gao/gaobaazns0001 and id is 1 raw text is: 





REPORT BY THE U, S.


GeneraI Accounting Office

                                         RELEASED

          lRESTRIfCTED - Not tohe refceed cutsde the Gener~1
          Accootmtifr , C .          e basis of specific approval
          13y the Office oi to esicai Relations.

 Analysis Of Estimated Cost For Three

 Pacific Northwest Nuclear Power Plants






 This report analyzes the cost estimates for
 three nuclear powerplants being constructed
 by Washington Public Power Supply System
 in the Pacific Northwest and compares their
 estimated cost with estimates made by Ebas-
 co, a national nuclear engineering and con-
 struction firm. The large difference between
 the estimates is because

    --differences exist in the base construc-
    tion period used to calculate power
    cost for the Public Power System
      (1972-1981) versus Ebasco
      (1978-1990) and

    --the Public Power System enjoys ben-
    efits as a publicly owned entity and can
    borrow capital at half the rate assumed
    by Ebasco for an investor-owned util-
    ity.


The Public Power System's capital construc-
tion costs, however, are higher per unit than
several investor-owned nuclear projects with
comparable operating dates.





4)   .   7,


                 110040






-,   .. . ...EMD- 79-95
                   JULY 30, 1979


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