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Mexico finding that gas is cheaper than nuclear power

Mexico Delays Decision on New Nuclear Plants as Gas Price Falls,  By Carlos Manuel Rodriguez Sept. 14 (Bloomberg) — Mexico, one of three Latin American nations that use nuclear power, is delaying by as much as two years a decision on building nuclear plants as lower natural-gas prices reduce the attraction of the alternative energy source…

…A final decision on whether to build new nuclear plants and the quantity will be based on cost-effective “technical” factors, including the outlook for gas prices, Kessel said……In the U.S., lower gas prices, combined with less demand for electricity because of the weak economy, has slowed investments in renewable-energy projects and may prevent expansion of nuclear energy, NextEra Energy Inc. Chief Executive Officer Lewis Hay said in a June 23 interview.

September 15, 2010 - Posted by Christina Macpherson | business and costs, SOUTH AMERICA | antinuclear, gas, nuclear, nuclear costs, nuclear technology, reactors, uranium