Will NRG Energy (NRG), Southern (SO), SCANA (SCG), NextEra (NEE), Progress (PGN), Duke (DUK) Continue U.S. Nuclear Plans?

NRG Energy (NYSE:NRG), Southern (NYSE:SO), SCANA (NYSE:SCG), NextEra (NYSE:NEE), Progress Energy (NYSE:PGN) and Duke Energy (NYSE:DUK) are either building or had plans to build nuclear facilities in the United States. That is all on hold now as the companies wait to see how it may impact the overall sector, as well as the expected rise in prices.

The bottom line in all of this is the response by regulators in relationship to a worst-case-scenario, which some believe will be redefined.

If it's redefined to outrageous levels, the costs of nuclear energy, at least in the U.S. and western countries, may become prohibitive.

"This is going to impose significant costs, perhaps material costs, before we are done," said John Rowe, chairman of Chicago-based power company Exelon Corp (NYSE:EXC), the largest operator of nuclear power plants in the United States.

Other nations understand there can never be a perfect solution as far as risk goes, and you do the very best you can to reduce that risk while supplying whatever product you've produced.

Hopefully those with agendas and who live in fear aren't allowed to win the day with nuclear in the U.S., as it's a vital part of the future of energy, and many other countries will continue to use it to generate energy for their people.




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