Experts: Three Latest Industry Setbacks Further Dim Nuclear 'Renaissance,' Taxpayer-Backed Loan Guarantees Can't Fix Fundamental Problems with New Reactors
U.S. Newswire › December 16, 2009
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To: NATIONAL EDITORS
Contact: Leslie Anderson, +1-703-276-3256, landerson@hastingsgroup.com, for Cooper, Thomas and MakhijaniSee the full content of this document
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Experts: Three Latest Industry Setbacks Further Dim Nuclear 'Renaissance,' Taxpayer-Backed Loan Guarantees Can't Fix Fundamental Problems with New Reactors
Rejection by Private Financing, Skyrocketing Cost Projections, Falling Demand, and Faulty Reactor Designs Can't Be Solved With U.S. Shifting to "Nuclear Socialism" to Bail Out Industry.
WASHINGTON, Dec. 16 /PRNewswire-USNewswire/ --The beleaguered nuclear power industry is now the "public option" of U.S. energy, unable to move forward without a bailout in the form of taxpayer- backed loan guarantees involving a high risk of default.Citing three recent negative developments for the nuclear power industry, that warning was issued today by a group of leading experts: Mark Cooper, senior fellow for economic analysis at the Institute for Energy and the Environment at Vermont Law School, and author of "The Economics of Nuclear Reactors: Renaissance or Relapse?" (2009); Stephen Thomas, professor of energy studies, University of Greenwich, London, and member of the editorial boards of Energ...See the full content of this document
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