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[quote user="oltmannd"] [quote user="Sam1"]Private investors will put up the money for a capital project if they have a strong reason to believe that they will earn their risk adjusted returns.  Our nuclear power plant, which took more than 12 years to build and bring on-line, was funded by private debt.  Whether private investors would put up the money for a rail project that is estimated to take 10 years to build is unknown. Heck, whether they will put up any money remains to be seen, inasmuch as the financial viability of the project is uncertain.[/quote] Sure, selling power as a regulated monopoly, they could be sure the revenue stream would be there.    If you want to improve the odds of attracting private capital, shortening the permit/design/build timeline as much as possible would be a big help. [/quote] Granted to an extent. However, getting an operating license for the plant was not a cinch, due in large part to  Three Mile Island.  Moreover, there was no guarantee that we could get the plant into the rate base.  As it turned out, it required some creative accounting.  Subsequently, we built three 750 megawatt coal fired steam electric stations for the competitive market in Texas.  The lead time was six to eight years.  The investors stayed with the company because we had a good story to tell them. Clearly, the shorter the time period to put the asset in play, the more likelihood one can attract private capital.
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