But, the $5 billion here isn't purely an investment in 300 MW of capacity, it's an investment in starting up the nuclear reactor factory that can start churning these things out at $1-2 billion or whatever their goal may be
Also, have to take into consideration the overall operating costs. Nuclear costs significantly more up front but over time costs much less to operate (and is much more predictable) because you don't have to buy and burn natural gas forever