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Nuclear industry stalled as now uneconomic

Seven reactor projects around the country have been deferred in the last few months…..Other companies have looked at the economics of building nuclear reactors and decided to wait. In September, Exelon, the largest nuclear operator in the United States, stepped back from a plan to build a twin-unit reactor plant in Texas…..

Economy puts brakes on nuclear reactor plans The Blade ~ Toledo Ohio October 31, 2010 A third reactor for this Maryland site is stalled by an impasse over funding.  — Just a few years ago, the economic prognosis for new nuclear reactors looked bright. The prospect of growing electricity demand…..and government loan guarantees prompted companies to tell the Nuclear Regulatory Commission that they wanted to build 28 reactors.
The economic slump, which has driven down demand and the price of competing energy sources, and the failure of Congress to pass climate legislation has changed all that, at least for now.

Constellation Energy’s withdrawal from a joint venture with Electricite de France, stalling a project in Maryland, is a sign of how much the landscape has been transformed…..
Many U.S. companies with nuclear expertise have backed away from new plants because of cost, resistance from state regulators, and a depressed market for electricity.

Seven reactor projects around the country have been deferred in the last few months…..Other companies have looked at the economics of building nuclear reactors and decided to wait. In September, Exelon, the largest nuclear operator in the United States, stepped back from a plan to build a twin-unit reactor plant in Texas…..
Two nuclear projects that have gone forward, in Georgia and South Carolina, are in states where the utilities also distribute the electricity and operate under traditional regulatory rules that virtually guarantee them a financial return: Whatever the companies spend to generate power, the customers will pay for,….

toledoblade.com — The Blade ~ Toledo Ohio

November 1, 2010 - Posted by | business and costs, USA | , , , , , ,

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