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ARTICLE ARCHIVE

Nuclear Costs

Estimates for new reactor construction costs continue to sky-rocket. Conservative estimates range between $6 and $12 billion per reactor but Standard & Poor's predicts a continued rise. The nuclear power industry is lobbying for heavy federal subsidization including unlimited loan guarantees but the Congressional Budget Office predicts the risk of default will be well over 50 percent, leaving taxpayers to foot the bill. Beyond Nuclear opposes taxpayer and ratepayer subsidies for the nuclear energy industry.

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Entries from August 1, 2009 - August 31, 2009

Saturday
Aug012009

Fitch lowers Constellation to near-junk status

Fitch Ratings lowered Constellation Energy Group to the brink of junk status this week nearly eight months after noting the company had an uncertain ratings outlook in the wake of the Electicite de France deal announcement. Fitch cited "weak and inconsistent cash flows" in its downgrade. Constellation has announced that its second-quarter profit fell 95% on a loss from divestitures and falling revenue, the day after Maryland regulators delayed a decision on the company's proposed nuclear joint venture with EDF.

DateAugust 1, 2009 | | Print ArticlePrint Article |