Nuclear Not the Answer, Says MIT Study

While nuclear energy is being touted as a possible savior for global warming, an updated MIT study says the technology hasn't progressed and is still too expensive.
May 24, 2009, 5am PDT | Tim Halbur
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"In 2003, MIT argued that nuclear power could play an important role in U.S. electricity generation, and that government help was needed to jumpstart a U.S. revival. That has yet to happen yet, the revised study notes.

Many of the challenges facing nuclear power are the same. Take economics. Building nuclear plants is still a lot more expensive than building coal- or gas-fired plants, and nuclear-generated electricity is still more expensive than either fossil-fuel option: 8.8 cents a kilowatt for nuclear versus 6.2 cents for coal and 6.5 cents for gas, MIT figures."

"An even bigger economic hurdle: lenders typically charge more to finance a nuclear plant than, say, a combined-cycle gas-fired power plant. That's because nuclear plants have a history of running behind schedule and facing cost overruns."

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Published on Wednesday, May 20, 2009 in The Wall St. Journal
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