Does nuclear power now make financial sense?

On Sept. 16, 1954, in a speech to a group of science writers, Adm. Lewis L. Strauss, then head of the agency now known as the Nuclear Regulatory Commission, made a bold prediction. The potential for peaceful uses of nuclear energy was so great, he said, that electricity produced by nuclear power plants would one day be

Now, nearly three decades after the last new plant was approved, proponents of nuclear power say the economics of atom-splitting energy have dramatically improved. In fact, they argue, financial forces have become a driving force behind a new enthusiasm for nuclear energy as the power industry scrambles to meet growing demand for electricity with an aging fleet of generating stations.

But the industry still needs to raise tens of billions of dollars before the proposed round of new plants can be built. That means persuading Wall Street investors to put up the money and state utility regulators to bless the higher rates needed to pay for these multi-billion-dollar projects.

MSNBC