[NukeNet] FW: NEI new nukes

[Kevin Kamps]

FYI


-----Original Message-----
From: Tyson Slocum <tslocum at citizen.org>
Sent: Monday, February 25, 2008 10:51am




NEI: Four to eight new US reactors likely by 2016 
 
Washington (Platts)--21Feb2008

 

By 2016, four to eight new us nuclear plants are likely to be generating electricity, with a second wave of new units under construction, Nuclear Energy Institute President/CEO Frank "Skip" Bowman told a February 21 briefing for financial analysts in New York. Bowman said the exact number will "depend on many factors -- forward prices in electricity markets, capital costs of all baseload electric technologies, commodity costs, environmental compliance costs for fossil-fueled generating capacity, natural gas prices, and more." Bowman said that "financial analysis shows, however, that new nuclear plants can deliver electricity in the range of $70 to $80 per megawatt-hour," assuming federal loan guarantees or "supportive rate policies at the state level." He said that "analysis by NEI and others shows that this would be competitive with other options -- coal- or gas-fired." John Rowe, chairman/CEO of Exelon, told the briefing that "a dispassionate assessment of new nuclear plant construction must acknowledge the large financial risk associated with a capital project that may cost around $7 billion and represent a substantial portion of a company's market value." But Rowe said such analysis "also shows that many of the conditions that led to large cost increases and construction delays for many operating nuclear power plants no longer exist, and that the industry has taken steps and created mechanisms to manage and contain those risks." 

 

Presentation materials from the briefing are online at
[http://www.nei.org/filefolder/Wall_Street_Brief_Script_and_Slides_Final_1.pdf] http://www.nei.org/filefolder/Wall_Street_Brief_Script_and_Slides_Final_1.pdf


 

Tyson Slocum
Director
Public Citizen's Energy Program
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Washington, DC  20003
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[mailto:tslocum at citizen.org] tslocum at citizen.org
[http://www.citizen.org/] http://www.citizen.org/----------------------------

Kevin Kamps
Radioactive Waste Watchdog
Beyond Nuclear
6930 Carroll Avenue, Suite 400
Takoma Park, Maryland 20912

Office phone: (301) 270-2209
Cell phone: (240) 462-3216
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kevin at beyondnuclear.org
www.beyondnuclear.org
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