txags92 said:
Part of the problem is that the environmental regulations discourage major upgrades to facilities by allowing facilities to stay grandfathered under older standards as long as they don't make any large changes to their systems and processes. A lot of times doing the kinds of upgrades that would greatly enhance safety comes with a huge price tag by triggering much stricter environmental control technology requirements as well.
IMO you are exactly right with this analysis.
Overreaching and excessive government regulation makes upgrades in safety and design not economically viable.
Grandfathered systems stay in place for that reason.
***ashima is a prime example. Running a 1950s designed nuke plant simply because it was not politically expedient to build a modern facility ... in one of the most geologically volatile regions of the planet.
It is what it is. Businesses have no moral obligation to upgrade equipment until it becomes economically viable to do so. Folks want their dividends and for that stock price to go up. Loosing money does not make that happen.
In short, **** is the way it is, simply because that the way its got to be.