Nukes - All About the Money - Your Money
Aug. 6th, 2008 10:08 am![[personal profile]](https://www.dreamwidth.org/img/silk/identity/user.png){kind=small}
webfarmerForbes (of all sources) really outlines the true plight of the nuclear industry. It's unaffordable by any normal means of financing.
Nukes Need Money - Forbes - 06 Aug 08
"There's a concern tempering the industry buzz, and it has nothing to do with nuclear waste, though that still remains a significant issue. The problem: money. In simplest terms, there's no such thing as a small, cheap nuclear power plant.
Speaking at a nuclear energy conference at the Center for Strategic and International Studies last week, NEI lobbyist Richard Myers said a new, two-unit nuclear power plant could cost as much as $14 billion. By comparison, the entire market capitalization of many companies in the industry is barely double this, or smaller."
"A nuclear renaissance could run upwards of $200 billion in construction costs alone. This makes financing a plant extremely difficult, and it is why investment bankers like John Gilbertson at Goldman Sachs [...] and John Matthews at Morgan, Lewis & Bockius believe that a loan guarantee program from the federal government is of crucial importance."
Nukes Need Money - Forbes - 06 Aug 08
"There's a concern tempering the industry buzz, and it has nothing to do with nuclear waste, though that still remains a significant issue. The problem: money. In simplest terms, there's no such thing as a small, cheap nuclear power plant.
Speaking at a nuclear energy conference at the Center for Strategic and International Studies last week, NEI lobbyist Richard Myers said a new, two-unit nuclear power plant could cost as much as $14 billion. By comparison, the entire market capitalization of many companies in the industry is barely double this, or smaller."
"A nuclear renaissance could run upwards of $200 billion in construction costs alone. This makes financing a plant extremely difficult, and it is why investment bankers like John Gilbertson at Goldman Sachs [...] and John Matthews at Morgan, Lewis & Bockius believe that a loan guarantee program from the federal government is of crucial importance."
