Entergy & Exelon retreat from new builds
From Idaho Samizdat: Nuke Notes:
Two of the nation’s largest nuclear utilities are sounding a retreat from building new nuclear reactors in the near-term. In separate speeches Entergy (NYSE:ETR) CEO J. Wayne Leonard and Exelon (NYSE:EXC) CEO John Rowe said they do not want to take the risk of building new reactors.
They cite the low price of natural gas, the lack of a carbon tax to shift investment from fossil plants, and the risks of building a new reactor using the merchant model in de-regulated states.
Speaking at the Reuters Global Energy Summit held in Houston May 25, Leonard said that Entergy does not want to take the risk of building new reactors which is why it suspended two NRC license applications to build four new reactors in Mississippi and Louisiana.
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