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“No New Nuclear Plants To Be Built in the U.S” – says top Exelon official

Exelon Official: No New Nuclear Plants To Be Built in the U.S. Because of the plants’ size and security needs, the costs become prohibitive.U.S. News  By Alexa Lardieri, Staff Writer April 16, 2018, 

A SENIOR OFFICIAL WITH America’s largest nuclear plant operating company is predicting a dim future for nuclear power in the U.S.

William Von Hoene, senior vice president and chief strategy officer at Exelon, said last week that he doesn’t foresee any new nuclear plants being built in the United States due to their high operating costs.

“The fact is – and I don’t want my message to be misconstrued in this part – I don’t think we’re building any more nuclear plants in the United States. I don’t think it’s ever going to happen,” S&P Global quoted Van Hoene as saying at the annual U.S. Energy Association’s meeting in Washington, D.C. “I’m not arguing for the construction of new nuclear plants. They are too expensive to construct, relative to the world in which we now live.”………

“I think it’s very unlikely that absent some extraordinary change in environment or technology, that any nuclear plants beyond the Vogtle plant will be built in my lifetime, by any company,” S&P Global quoted Van Hoene as saying, referring to a plant currently under construction in Georgia.

Von Hoene says because of nuclear plants’ sizes and the security required to monitor them, the costs become prohibitive.https://www.usnews.com/news/national-news/articles/2018-04-16/exelon-official-no-new-nuclear-plants-to-be-built-in-the-us

April 18, 2018 - Posted by | business and costs, USA

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