Don't be betting too heavily on a revival of nuclear power. First of all creditors aren't exactly lining up behind these projects- costs estimates range from $10-$20+ Billion. Add lots of regulatory uncertainty to that, frustrated rate-payers, NIMBYism, a general lack of credit availability, nuclear waste issues (Yucca's budget is about to get slashed), recent incidents at nuclear plants including leaks at Indian Point near NYC and the outlook is not that bright. Then there are longer term problems personnel shortages, concrete and steel shortages (although the slow economy is helping this problem), and even uranium supply problems. There will be some growth in the nuclear industry but it will be limited especially if the myriad issues facing the industry are not competently handled.
Chattanooga: Prepping for a nuclear rebound
Don't be betting too heavily on a revival of nuclear power. First of all creditors aren't exactly lining up behind these projects- costs estimates range from $10-$20+ Billion. Add lots of regulatory uncertainty to that, frustrated rate-payers, NIMBYism, a general lack of credit availability, nuclear waste issues (Yucca's budget is about to get slashed), recent incidents at nuclear plants including leaks at Indian Point near NYC and the outlook is not that bright. Then there are longer term problems personnel shortages, concrete and steel shortages (although the slow economy is helping this problem), and even uranium supply problems. There will be some growth in the nuclear industry but it will be limited especially if the myriad issues facing the industry are not competently handled.