Interest is a lot of that cost.
Way back when, my old plant that cost only $120 million to build could produce power for two-ish cents a KWH , half what a billion dollar plant of similar capacity could do just a few years later .
Back then a kwh was only a nickel retail .
By contrast - my Father-in-law's refractory plant in Niagara Falls was buying that wonderful hydro power for 1/10 cent per kwh, around half our nuclear fuel cost at the time.
Nothing beats hydro. Its advantage over wind is it's concentrated.
US side of Niagara Falls is about 2.4 gigawatts . see
http://www.nypa.gov/facilities/niagara.htm
That's equivalent to thousands of windmills and it's way more reliable. Cost per kw to build wind is , well, beyond reason IMHO. The industry exists because of tax credits.
But , every KWH that's made by a windmill is one pound of coal that doesn't have to be dug out of the ground. (For a realistic peek into a coal mine see movie "October Sky" * .In mid 70's when the low grade fuel oil that our fossil plants burned went from $4 to $12 a barrel the fuel cost differential suddenly became substantial. .
Energy companies then got into the uranium business. We had some Exxon fuel assemblies.
[PLAIN said:
http://www.nytimes.com/1986/12/24/business/company-news-exxon-plans-sale-of-nuclear-unit.html]Exxon[/PLAIN] Nuclear, founded by the world's largest oil company in 1969, designs, manufactures and markets pressurized and boiling-water reactor fuels and provides related services for electric utilities.
At today's oil prices we can thank the Lord for natural gas. It burns a lot cleaner, too. Much as i dislike coal fuel I'd hate to see it go away - we just don't have a viable replacement for it. Just the electricity to heat a hundred million twenty gallon hot showers in the morning amounts to miles of coal cars... i once calculated how many but have since forgot. Try it - 100 tons of coal in a car, 10,000 BTU's per pound of coal, 40% efficient power plant, shower water gets40 degree rise ...Nuke fuel will continue be priced just enough below fossil to keep both viable.
http://www.world-nuclear-news.org/ee-double_nuclear_by_2040_says_exxon-1309138.html
Exxon Mobil's figures spurred a lively and wide-ranging debate amongst Khemakhem's fellow speakers in a panel discussion on energy and nuclear power. Ron Cameron, head of nuclear development at the OECD Nuclear Energy Agency (NEA), led a call for greater transparency over prices across the energy sector. Growth in renewables of the scale seen in recent years had been made possible through subsidies, but the way subsidies had been handled in some countries had been an "economic disaster", he said. Consumers were effectively being asked to pay for the transition into renewables, he said, pleading for the hidden costs of renewables to be made clear, with no disconnect between wholesale cost of electricity and the price. "Affordability is an issue," he remarked.
Nuclear should be seen as complementary to rather than in competition with renewables, the panellists felt. Nuclear could play a vital role in providing affordable baseload power to support the intermittent nature of many renewables,
Sorry - i got off topic.
old jim
* re October Sky - The movie is interesting, suitable for kids., Chris Cooper and Laura Dern deliver their usual great performances, and best of all it shows up in Walmart's $5 pile.
Coal railcar metrics here
http://www.bnsf.com/customers/equipment/coal-cars/