Every other kind of power project is built using fixed price bids. If a company bids $3B for a natural gas plant or solar plant and the project costs more than $3B to build the company is on the hook, not the ratepayer.
I didn't dig into details on specific of this project.
But any large fixed price project I've been on, it all hinged on verbose specifications. And then any change resulted in change orders. And it becomes a pissing match of who will pay. It is rarely cut and dry.
They are power contracts, not construction contracts. The power company isn't buying a power plant, they're buying power. That's what makes the contract so much simpler.
