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Despite Republican win, USA’s nuclear industry is stalled

A renaissance in nuclear power may be stalled regardless of action by Congress, said Chris Gadomski, the lead analyst for nuclear power with Bloomberg New Energy Finance.

Nuclear Power Gains in Republican House Victory; `Cap and Trade’ Suffers – Bloomberg, By Jim Efstathiou Jr. and Jim Snyder – Nov 4, 2010 “…………Nuclear power remains a tough sell …. The U.S. has no long-term plan to dispose of spent reactor fuel, and building nuclear plants remains prohibitively expensive without government subsidies, said John Walke, clean- air director for the New York-based Natural Resources Defense Council.

“Washington is a town of negotiation and compromises, and the nuclear and coal sectors have always been very successful feeding at the Washington trough,” Walke said in an interview. “But I don’t think you will have public policy being made on the representation that either nuclear power or coal power is renewable.”

A renaissance in nuclear power may be stalled regardless of action by Congress, said Chris Gadomski, the lead analyst for nuclear power with Bloomberg New Energy Finance.

“I don’t think you can legislate new nuclear, especially in an environment when there is a lot of unconventional natural gas to be tapped and the cost of natural-gas generating facilities are about one 10th of nuclear,” Gadomski said…..

November 4, 2010 - Posted by Christina Macpherson | politics, USA | antinuclear, nuclear, nuclear costs, nuclear spin, reactors, uranium