nuclear-news

Economics of nuclear power make its future dubious

"Public opinion, which is fairly important both for finance 

and the politics underlying nuclear, has moved very rapidly ...
from favoring nuclear power in the United States ... to being
decidedly opposed," 


Odds against new US nuclear plants-finance lawyer  Reuters  By Roberta RamptonMar 28, 2011
Plants too expensive, even before Japan disaster-lawyer
 * Likelihood of new US plant soon "exceedingly remote"
 * Couldn't have happened at worse time for India projects
 WASHINGTON, March 28 (Reuters) - Public fears about nuclear
safety stacked up on untenable economics make it unlikely that
any new nuclear reactors will be built in the United States in
the next several years, a lawyer who specializes in energy
project financing said on Monday.
 Even if public opinion were to "snap back" after the
emergency at Japan's Fukushima Daiichi plant -- the world's
worst atomic crisis in 25 years -- nuclear plants cost too much
to build, even with government loan guarantees, said Irving
Rotter, a partner with New York law firm Sidley Austin.
"The likelihood that the United States will have a nuclear
reactor within the next several years is exceedingly remote --
it was as exceedingly remote before the incident in Japan,"
Rotter told a nuclear policy conference held by the Carnegie
Endowment for International Peace.
 Long before the Japanese plant was battered by an
earthquake and tsunami earlier this month, natural gas was a
far cheaper fuel source for electricity in the United States.
[ID:nN24139785]...
LOAN GUARANTEES COME WITH A COST
The Obama administration offered loan guarantees to help
secure financing, but the cost of the terms was extraordinarily
high, Rotter said, pointing to the failure of a deal for a
nuclear reactor in Maryland as an example. [ID:nN09265747]
"Public opinion, which is fairly important both for finance
and the politics underlying nuclear, has moved very rapidly ...
from favoring nuclear power in the United States ... to being
decidedly opposed," Rotter said.....
Odds against new US nuclear plants-finance lawyer | Reuters



		
	
Share this:

				
				X
			

				
				Facebook
			
Like Loading...
		                


               		
                                        March 29, 2011 - 
                  

									
	                  Posted by	               		Christina Macpherson |
	                  general