09 Nov '11, 7pm

France Can't Afford to Give Up Nukes, Utility Chief Says

France Can't Afford to Give Up Nukes, Utility Chief Says

France Can’t Afford to Give Up Nukes, Utility Chief Says By DAVID JOLLY European Pressphoto Agency The Nogent-sur-Seine nuclear power station southeast of Paris. So you’re thinking that, after Japan’s Fukushima disaster, you’d like to drop nuclear energy? Fine. But you’d better be prepared to pay the price. That was the message from Henri Proglio, chief executive of Electricité de France, in an interview published on Wednesday in Le Parisien newspaper. Mr. Proglio told the paper that it was his ‘‘conviction’’ that France, which gets more than three-quarters of its electricity from nuclear energy, would need to invest somewhere in the vicinity of $544 billion to build new fossil fuel power plants to replace lost generating capacity if it shut down its reactors. That, he said, would have to be financed by a doubling of the price of electricity and would bring a 50 percent in...

Full article: http://green.blogs.nytimes.com/2011/11/09/france-cant-aff...

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