"Construction Work In Progress" is another way to shift risks from the corporations that want to build nuclear to the ratepayers. It is now illegal in many jurisdictions because of past abuses by the nuclear industry.
The Japanese ratepayers are just learning the consequences attached to having too much trust in utilities.
pricing system under scrutiny
Utilities' lucrative, secretive method hits consumersThe government is expected to step up moves to review the electricity pricing system after a panel reported the current mechanism may have allowed Tokyo Electric Power Co. to pass unnecessarily high business costs on to consumers.
Some experts argue that power companies' regional monopolies must be ended to create more competition and facilitate reform of the current pricing system, which is said to produce higher electricity bills than in other countries.
However, it is uncertain to what extent the government can restructure the power industry.
One academic who was interviewed was skeptical about whether the government can initiate drastic reform given the strength of the industry, which is certain to strongly resist such moves....http://search.japantimes.co.jp/cgi-bin/nn20111008f1.htmlThey've been operating on a "cost plus" profit structure so the more public money they can spend the more profits they can earn (eg 6% of 1,000,000 is more than 6% of 100,000).
Of course, that makes nuclear the preferred way to generate electricity from the utility's point of view.