21 Apr '11, 7pm

Wind Power Beats Nuclear Power in Texas

Wind Power Beats Nuclear Power in Texas

Rebecca Smith of the Wall Street Journal notes a number of issues that factor into NRG’s decision. The primary reason is a months-long safety review by the Nuclear Regulatory Commission following the tsunami in Japan, which could jack up the cost of the project due to design changes and other factors. Smith also lists uncertainty over financing, which was supposed to come from Fukushima’s owner Tokyo Electric Power. More to the point, in Texas there is no regulatory structure that would basically guarantee NRG a captive audience for its product. The two new reactors would have to compete on price along with every other form of available power.

Full article: http://cleantechnica.com/2011/04/21/wind-power-beats-nucl...

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