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May. 12th, 2008
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WSJ - Nukes Cost Up the Ying-Yang
May. 12th, 2008 10:17 amMore bad news for the Renaissance Men. Moody's rattles their bond ratings sword once again.
New Wave of Nuclear Plants Face High Costs - WSJ - 12 May 08
"A new generation of nuclear power plants is on the drawing boards in the U.S., but the projected cost is causing some sticker shock: $5 billion to $12 billion a plant, double to quadruple earlier rough estimates."
"Many plants operate profitably now because they were sold to current operators for less than their actual cost."
"Estimates released in recent weeks by experienced nuclear operators -- NRG Energy Inc., Progress Energy Inc., Exelon Corp., Southern Co. and FPL Group Inc. -- 'have blown by our highest estimate' of costs computed just eight months ago, said Jim Hempstead, a senior credit officer at Moody's Investors Service credit-rating agency in New York. Moody's worries that continued cost increases, even if partially offset by billions of dollars worth of federal subsidies, could weaken companies and expose consumers to high energy costs."
"Several things could derail new development plans. Excessive cost is one. A second is the development of rival technologies that could again make nuclear plants look like white elephants." Nanotech ultracapacitors with wind and solar?
New Wave of Nuclear Plants Face High Costs - WSJ - 12 May 08
"A new generation of nuclear power plants is on the drawing boards in the U.S., but the projected cost is causing some sticker shock: $5 billion to $12 billion a plant, double to quadruple earlier rough estimates."
"Many plants operate profitably now because they were sold to current operators for less than their actual cost."
"Estimates released in recent weeks by experienced nuclear operators -- NRG Energy Inc., Progress Energy Inc., Exelon Corp., Southern Co. and FPL Group Inc. -- 'have blown by our highest estimate' of costs computed just eight months ago, said Jim Hempstead, a senior credit officer at Moody's Investors Service credit-rating agency in New York. Moody's worries that continued cost increases, even if partially offset by billions of dollars worth of federal subsidies, could weaken companies and expose consumers to high energy costs."
"Several things could derail new development plans. Excessive cost is one. A second is the development of rival technologies that could again make nuclear plants look like white elephants." Nanotech ultracapacitors with wind and solar?
WSJ - Nukes Cost Up the Ying-Yang
May. 12th, 2008 10:17 amMore bad news for the Renaissance Men. Moody's rattles their bond ratings sword once again.
New Wave of Nuclear Plants Face High Costs - WSJ - 12 May 08
"A new generation of nuclear power plants is on the drawing boards in the U.S., but the projected cost is causing some sticker shock: $5 billion to $12 billion a plant, double to quadruple earlier rough estimates."
"Many plants operate profitably now because they were sold to current operators for less than their actual cost."
"Estimates released in recent weeks by experienced nuclear operators -- NRG Energy Inc., Progress Energy Inc., Exelon Corp., Southern Co. and FPL Group Inc. -- 'have blown by our highest estimate' of costs computed just eight months ago, said Jim Hempstead, a senior credit officer at Moody's Investors Service credit-rating agency in New York. Moody's worries that continued cost increases, even if partially offset by billions of dollars worth of federal subsidies, could weaken companies and expose consumers to high energy costs."
"Several things could derail new development plans. Excessive cost is one. A second is the development of rival technologies that could again make nuclear plants look like white elephants." Nanotech ultracapacitors with wind and solar?
New Wave of Nuclear Plants Face High Costs - WSJ - 12 May 08
"A new generation of nuclear power plants is on the drawing boards in the U.S., but the projected cost is causing some sticker shock: $5 billion to $12 billion a plant, double to quadruple earlier rough estimates."
"Many plants operate profitably now because they were sold to current operators for less than their actual cost."
"Estimates released in recent weeks by experienced nuclear operators -- NRG Energy Inc., Progress Energy Inc., Exelon Corp., Southern Co. and FPL Group Inc. -- 'have blown by our highest estimate' of costs computed just eight months ago, said Jim Hempstead, a senior credit officer at Moody's Investors Service credit-rating agency in New York. Moody's worries that continued cost increases, even if partially offset by billions of dollars worth of federal subsidies, could weaken companies and expose consumers to high energy costs."
"Several things could derail new development plans. Excessive cost is one. A second is the development of rival technologies that could again make nuclear plants look like white elephants." Nanotech ultracapacitors with wind and solar?