Cheap Natural Gas Unplugs U.S. Nuclear-Power Revival

Friday, March 16, 2012

Wall Street Journal - The U.S. nuclear industry seemed to be staging a comeback several years ago, with 15 power companies proposing as many as 29 new reactors. Today, only two projects are moving off the drawing board.

 

What killed the revival wasn't last year's nuclear accident in Japan, nor was it a soft economy that dented demand for electricity. Rather, a shale-gas boom flooded the U.S. market with cheap natural gas, offering utilities a cheaper, less risky alternative to nuclear technology.

http://online.wsj.com/article/SB10001424052702304459804577281490129153610.html