Nuclear: the corporate killer in our midst?


	Nuclear: the corporate killer in our midst?

JICWyllie

11-11-2009 8:28 AM

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JICWyllie says:

And that's not even considering the inevitable cost overruns. The UK government lives in fantasy land when it comes to money. The country is much more likely to end up in IMF debtors' prison than finding investment in ultra expensive new energy generation capacity whatever its source.

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<div style="margin: 12px 0px; font-family: arial; color: #333333; background: #ffffff; border: solid 4px #e5e5e5; width: 100%; clear: left;"><div class="CM_CTB_Content_Wrap" style="margin: 0px; padding: 0px;background-color: #ffffff;"><div style="border-bottom: solid 1px #dcdcdc; white-space: nowrap; margin-bottom: 8px; background-color: #eeeeee ;background-image: url(http://clipmarks.com/images/source-bg.gif); background-repeat: repeat-x; height: 24px; line-height: 24px; vertical-align: middle; padding-bottom: 4px; color: #666666; font-size: 10px;" ><a href="http://clipmarks.com/clip-to-blog/" title="see clips that are hot right now"><img src="http://content.clipmarks.com/blog_embed/d271a733-6fe1-467c-b800-a831fa0af925/A5FC708B-3898-4CD8-A3D1-6738928CB8C2/" alt="" width="19" height="19" border="0" style="vertical-align: middle; margin: 0px 4px; display: inline; border: none; float:none;" /></a>clipped from <a title="http://blogs.telegraph.co.uk/finance/rowenamason/100001874/nuclear-the-corporate-killer-in-our-midst/" href="http://blogs.telegraph.co.uk/finance/rowenamason/100001874/nuclear-the-corporate-killer-in-our-midst/" style="font-size: 11px;">blogs.telegraph.co.uk</a></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://blogs.telegraph.co.uk/finance/rowenamason/100001874/nuclear-the-corporate-killer-in-our-midst/"><P>Amid yesterday’s triumphalist fanfare about the new dawn of nuclear revolution (Ed Miliband, the Energy Secretary) and a significant milestone for the new industry (Vincent de Rivaz, EDF Energy), it was easy to miss the voices of caution about the likelihood that all these saviour stations will all actually be built.</P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://blogs.telegraph.co.uk/finance/rowenamason/100001874/nuclear-the-corporate-killer-in-our-midst/">The utilities argue that a lower limit of around $35 on the price of a permit will make it economically viable to invest in nuclear power –politically unpopular, since it is likely to push up the price of gas and electricity generated by fossil fuels</blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://blogs.telegraph.co.uk/finance/rowenamason/100001874/nuclear-the-corporate-killer-in-our-midst/"><P>The question now is when the UK will start listening to the experts and realise that simply announcing it wants 10 new stations is not enough financial inducement for them magically to appear.</P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://blogs.telegraph.co.uk/finance/rowenamason/100001874/nuclear-the-corporate-killer-in-our-midst/">To make matters worse, the big European utilities are already drowning in debt, selling off reliable assets like their regulated electricity networks to pay it down.</blockquote></div><div style="margin: 0px 6px 6px 4px;"><table style="font-size: 11px;border-spacing: 0px;padding: 0px;" cellpadding="0" cellspacing="0" width="100%"><tr><td style="background:transparent;border-width:0px;padding:0px;">&nbsp;</td><td align="right" style="background:transparent;border-width:0px;padding:0px;width:107px" width="107"><a href="http://clipmarks.com/share/A5FC708B-3898-4CD8-A3D1-6738928CB8C2/blog/" title="blog or email this clip"><img src="http://content8.clipmarks.com/images/c2b-foot.png" border="0" alt="blog it" width="107" height="17" style="border-width:0px;padding:0px;margin:0px;" /></a></td></tr></table></div></div>

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