By contrast, Georgia, which has to pay for the "disastrous" Vogtle 3/4 nuclear construction project, pays less than half that.
Remember: disastrous nuclear projects are significantly better than renewable successes.
You can get some idea of the BS that gets loaded in by comparing some rates from municipal grids like SMUD vs pg&e. Same supply, fraction of the end user rate.
Anyway, that is to say theres very little useful to draw on here in comparing nuke to renewable cost.
Why don't they just nationalize it?
At that point there wouldn't be a huge incentive to raise prices and increase profits and state control would demand lower prices for residents.
Given the general dysfunction in American politics (and I say this as an outside observer), the current owners would raise a stink about it, possibly playing the "nationalize == communism == USSR == gulags" card as a negative campaign in the next election.
IIRC our rates are up ~30% since 2024, and our electricity prices are 5th highest in the nation. I need to underline that this is in one of the lower-wage states in the country, with few state-level labor protections.
Also: the finances on Vogtle were sufficiently bad that they led to a rapid run-up in consumer electricity rates that generated political fallout. First: two members of the Public Service Commission lost their seats to Democrats, who do not generally win statewide races here. Second: the Federal government has had to specifically loan money to the operator to subsidize consumer rates. The Federal government could equally subsidize California rates down to the average or below if it so desired.
The economics are getting interesting cause now you can get a 2kw hr battery for like $350 and plugin 400 watts of panel into it and run at least a laptop and basics peripherals forever so the draw on the grid is gonna diffuse over time.
Are you insulting the great state of Georgia???
Paraphrasing a quote about North Carolina from American Crime Story, season 1, episode 9:
> [...] may I state first of all what a pleasure it is to be [...] once again in the great state of Georgia. My heart gladdens [...] when I stand in one of the original 13 colonies.
What are you saying this loan guarantee cost?
Basically -- Vogtle drove our power rates up so quickly that the federal government had to step in and subsidize rates.