Monday, October 11, 2010

US Nuclear Bites the Big One


The challenging competitive position means the private sector will not finance new reactor projects in those markets without loan guarantees. Yet the commercial risks mean the guarantee offered to Constellation was on terms that the company considered prohibitively expensive.

With no carbon tax (ie. gas cheaper than water), then there is no nuclear.  Even these fancy loan guarantees do nothing, since this was the plant most likely to actually start flinging dirt.  I don't think the nuclear waste fiasco helps either.  Dang, the only hope for more money in the earthquake biz was The Great Nuclear Revival.

As with Ontario, all the industries that need electricity will go to China, and that they'll start going wild with nuclear, at the last minute, when everything starts browning out (and the wind doesn't blow).  :)

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