HomeLatest ThreadsGreatest ThreadsForums & GroupsMy SubscriptionsMy Posts
DU Home » Latest Threads » Forums & Groups » Topics » Environment & Energy » Environment & Energy (Group) » America's 2 New Nukes Are... » Reply #29

Response to kristopher (Original post)

Thu Apr 12, 2012, 11:03 PM

29. Exelon CEO: (nuclear) "is on the backs of the ratepayers, not the backs of the shareholders"

State Help Needed for New Nuclear Units, Exelon Chief Says
By Brian Wingfield - Apr 11, 2012 4:58 PM ET

U.S. utilities will need government help to build nuclear reactors as other forms of electric power become less expensive, a top executive of Exelon Corp. (EXC), the nation’s largest commercial producer of atomic energy, said.

State support may include letting companies recover costs from customers during construction, providing loan guarantees or agreeing to buy power from the plant, Mayo Shattuck III, executive chairman of Chicago-based Exelon, said today at a conference in Washington.

Building reactors may require “the sovereign support of that state, which really means it’s on the backs of the ratepayers, not the backs of the shareholders,” Shattuck said at an event hosted by the Center for Strategic and International Studies.

The Nuclear Regulatory Commission on March 30 awarded Scana Corp. (SCG) a permit to build two reactors at a plant near Columbia, South Carolina, and on Feb. 9 approved Southern Co. (SO)’s plan for two units at its Vogtle plant near Augusta, Georgia. Southern expects its project to cost $14 billion. Scana will cover 55 percent of the estimated $10.2 billion for the South Carolina reactors. The plants, being financed partly by customers, may be among the last in the U.S. this decade...

http://www.bloomberg.com/news/2012-04-11/state-help-needed-for-nuclear-units-exelon-chief-says-correct-.html

Reply to this post

Back to OP Alert abuse Link to post in-thread

Always highlight: 10 newest replies | Replies posted after I mark a forum
Replies to this discussion thread
Arrow 46 replies Author Time Post
kristopher Apr 2012 OP
rhett o rick Apr 2012 #1
qb Apr 2012 #2
felix_numinous Apr 2012 #3
Vincardog Apr 2012 #4
FogerRox Apr 2012 #5
madokie Apr 2012 #10
DCKit Apr 2012 #6
SpoonFed Apr 2012 #8
DCKit Apr 2012 #9
FBaggins Apr 2012 #11
kristopher Apr 2012 #12
FBaggins Apr 2012 #13
kristopher Apr 2012 #14
FBaggins Apr 2012 #15
kristopher Apr 2012 #17
FBaggins Apr 2012 #18
kristopher Apr 2012 #19
FBaggins Apr 2012 #20
kristopher Apr 2012 #21
kristopher Apr 2012 #43
XemaSab Apr 2012 #16
Dead_Parrot Apr 2012 #22
XemaSab Apr 2012 #23
Dead_Parrot Apr 2012 #24
XemaSab Apr 2012 #25
Dead_Parrot Apr 2012 #26
XemaSab Apr 2012 #27
Dead_Parrot Apr 2012 #31
joshcryer Apr 2012 #40
kristopher Apr 2012 #30
XemaSab Apr 2012 #32
kristopher Apr 2012 #33
XemaSab Apr 2012 #34
kristopher Apr 2012 #35
XemaSab Apr 2012 #36
joshcryer Apr 2012 #39
GliderGuider Apr 2012 #42
joshcryer Apr 2012 #38
joshcryer Apr 2012 #37
GliderGuider Apr 2012 #7
kristopher Apr 2012 #44
kristopher Apr 2012 #28
LineReply Exelon CEO: (nuclear) "is on the backs of the ratepayers, not the backs of the shareholders"
kristopher Apr 2012 #29
kristopher Apr 2012 #41
GliderGuider Apr 2012 #45
FBaggins Apr 2012 #46
Please login to view edit histories.