Buffett to Nuke New Nukes?
Sep. 26th, 2008 01:12 pm![[personal profile]](https://www.dreamwidth.org/img/silk/identity/user.png){kind=small}
webfarmerHoping that the homeboy will do good.
WSJ: Buffett Could Reshape Nuclear Power Industry - Cattle Network - 26 Sep 08
"On Thursday, MidAmerican chief executive Greg Abel sounded more enthusiastic about the technology, saying 'we're committed to new nuclear.' But he acknowledged that construction costs still have to be right. Mr. Buffett may still decide costs are too high, which could send a shudder through the rest of the nuclear industry.
The UniStar consortium brings together some of the most sophisticated players in the nuclear sector, including Electricite de France SA, the world's largest operator of nuclear plants; Areva SA, the world's largest nuclear engineering firm by revenue; equipment maker Alstom SA; and engineering, procurement and construction firm Bechtel Corp.
Executives at both EDF and Areva said they are worried that Mr. Buffett will order Constellation to ditch its nuclear plans over fears of soaring costs, and possibly pull out of UniStar altogether. Both invested in UniStar as a way of extending their reach into the U.S. market."
WSJ: Buffett Could Reshape Nuclear Power Industry - Cattle Network - 26 Sep 08
"On Thursday, MidAmerican chief executive Greg Abel sounded more enthusiastic about the technology, saying 'we're committed to new nuclear.' But he acknowledged that construction costs still have to be right. Mr. Buffett may still decide costs are too high, which could send a shudder through the rest of the nuclear industry.
The UniStar consortium brings together some of the most sophisticated players in the nuclear sector, including Electricite de France SA, the world's largest operator of nuclear plants; Areva SA, the world's largest nuclear engineering firm by revenue; equipment maker Alstom SA; and engineering, procurement and construction firm Bechtel Corp.
Executives at both EDF and Areva said they are worried that Mr. Buffett will order Constellation to ditch its nuclear plans over fears of soaring costs, and possibly pull out of UniStar altogether. Both invested in UniStar as a way of extending their reach into the U.S. market."
