The estimated cost of repairs this year for the troubled
Davis-Besse nuclear power plant has jumped by about 60 percent to
$80 million, while a hoped-for restart has been pushed back into the
fall, owner FirstEnergy Corp. said Thursday.
The higher repair bill, coupled with the need to buy replacement
power into the fall, is likely to hike total costs to more than $500
million before the 883-megawatt plant will be allowed to
restart.
The Akron utility previously estimated it would spend about $50
million on repairs this year for the shut-down Oak Harbor plant. But
needed modifications to safety equipment, including high-pressure
injection pumps, have increased costs and pushed back previous
restart dates this year, FirstEnergy said.
As a result, Davis-Besse, in Oak Harbor about 25 miles east of
Toledo, will not be ready to restart any sooner than this fall, the
company said. The company earlier this week said the plant probably
would not be ready to restart any sooner than mid-September. The
Nuclear Regulatory Commission has final say on when the plant can
restart.
FirstEnergy has reported it spent about $300 million in repairs
and to buy replacement power for Davis-Besse after unprecedented
boric acid damage that went nearly all the way through the top of
the reactor vessel was found in March 2002.
Through June 30, FirstEnergy reported it spent $58 million in
repairs this year. It also spent approximately $15 million a month
through June to buy replacement power. The utility expects to pay
between $20 million and $25 million in July and August to buy
electricity.
Including the revised $80 million repair figure, but not
including July and August electricity purchases, total costs are now
$473 million.