Letters: Nuclear power industry is plagued by problems
One of the biggest challenges facing the industry is the rapidly growing cost projections for new reactors and their impact on utility credit ratings. For example, earlier this year, PPL Electric Utilities increased its cost estimate to build a new reactor at Bell Bend, Luzerne County, from $4 billion to between $13 billion and $15 billion. Shortly after that announcement, PPL's debt rating was downgraded from stable to negative.
In the face of rising costs, the recession, greater penetration of energy efficiency programs, credit downgrades, and other pressures, out of the 26 new nuclear reactor license applications submitted to the Nuclear Regulatory Commission since 2007, the majority have been canceled, suspended indefinitely, or delayed.
Ellen Vancko
Elliott Negin
Union of Concerned Scientists
Washington




