The Motley Fool Previous Page

Doubling Down on a Nuclear Rebirth

Toby Shute
November 30, 2010

Earlier this month, Power Engineering magazine ran a piece titled "Tattered Renaissance," detailing the molasses-like pace of progress on the new nuclear construction front. This key line from the article really sums up the current quagmire:

"The economic downturn, low prices for natural gas, low forward power prices, steep capital costs and the slow pace of the loan guarantee awards have conspired to moderate the appetite for new nuclear power in many markets."

Other than that, things are perfect.

The Calvert Cliffs 3 project is one example of a project facing big challenges. Constellation