The real deterrent to nuclear power: Plants burn through copious quantities of cash long before...

|By:, SA News Editor
The real deterrent to nuclear power: Plants burn through copious quantities of cash long before they consume even a pound of uranium. That handicap was laid bare yet again as Duke Energy (DUK) decided to retire its Crystal River plant in Florida, and Centrica pulled out of a new U.K. project. Even in today's cheap-debt world, the economics of sinking billions into a new plant years before it generates revenue doesn't add up.