Daniel Thorpe Calculation and References

Literature Cited:

Dayen, D. (2015, Jan 6). America’s most ambitious infrastructure project of the century: Why today’s high speed rail launch is miraculous. Salon.com. http://www.salon.com/2015/01/06/americas_most_ambitious_infrastructure_project_of_the_century_why_todays_high_speed_rail_launch_is_miraculous/

EIA. (2013). Updated capital cost estimates for utility-scale electricity generating plants. http://www.eia.gov/forecasts/capitalcost/pdf/updated_capcost.pdf

Lepska, D. (2011, Nov 11). Why $1 billion doesn’t buy much transit infrastructure anymore. The Atlantic: Citylab. http://www.citylab.com/commute/2011/11/1-billion-doesnt-buy-much-transit-infrastructure-anymore/456/

 

Explanation of LCOE calculations:

Formulas used:

LCOE = Yearly Fixed Cost / (Utilization * Hours/Year) + Variable Cost

Fixed Cost = Capital Charge Factor * Capital Cost + Fixed O&M

Variable Cost = Fuel/(Thermal Efficiency) + Variable O&M

Assumptions:

Fuel costs $2,500,000 / ton, with a burnup of 50 GW-days/ton = $.002/kWh of thermal energy

Efficiency = 35%.

Fixed O&M $100/kW-yr, Variable O&M $.002/kWh (EIA 2013)

Utilization 85%, Capital Charge Factor 0.12 (probably generous)

VC Summer Cost = $5.5 billion each for 1.11 GW plant (http://www.world-nuclear-news.org/NN-Cost-of-Summer-AP1000s-increases-0310144.html)

LCOE = (.12*$4950/kW + $100/kW-yr) / (.85 * 8766) + $.002/kWh_th/.35 + $.002/kWh

= $.1/kWh

Vogtle $7.5+ billion each for 1.11 GW plants (http://www.bizjournals.com/charlotte/blog/energy/2015/03/utility-says-latest-delays-to-georgia-nuclear.html?page=all )

LCOE = (.12*$7500/kW + $100/kW-yr) / (.85 * 8766) + $.002/kWh_th/.35 + $.002/kWh

= $.14/kWh

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