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Saturday, November 7, 2009

Nuclear Energy to Grow Slow

Construction of new nuclear power plants in the United States will ramp up slowly over the next decade as project sponsors exercise caution to effectively manage business risks, nuclear energy industry leaders told Wall Street financial analysts. The industry’s expectations are that four to eight new nuclear plants will be generating electricity by 2016 or so, with a second wave of new power plants under construction as the first group commences commercial operation, the Nuclear Energy Institute’s President and CEO Frank L. (Skip) Bowman said during a briefing attended by more than 75 analysts. “The exact number will, ...

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