Another big factor is that every plant is effectively a completely custom design. Because of how few nuclear plants are constructed, every new one tends to incorporate technological advancements to enhance safety or efficiency. The design also has to be adapted to the local climate and land layout. This makes every single plant effectively one of a kind.
It also tends to be built by different contractors, involving different vendors and electric utilities every time. Other countries have done better here (e.g. China and France) mostly due to comprehensive government planning: plopping down lots of reactors of the same design, done by the same engineers. Although these countries are not fully escaping cost increases either.
You are completely correct that regulation is also a big factor. Quality assurance and documentation requirements are enormously onerous. This article does a pretty decent job explaining the difficulties.
Another big factor is that every plant is effectively a completely custom design. Because of how few nuclear plants are constructed, every new one tends to incorporate technological advancements to enhance safety or efficiency. The design also has to be adapted to the local climate and land layout. This makes every single plant effectively one of a kind.
It also tends to be built by different contractors, involving different vendors and electric utilities every time. Other countries have done better here (e.g. China and France) mostly due to comprehensive government planning: plopping down lots of reactors of the same design, done by the same engineers. Although these countries are not fully escaping cost increases either.
You are completely correct that regulation is also a big factor. Quality assurance and documentation requirements are enormously onerous. This article does a pretty decent job explaining the difficulties.