Page added on July 26, 2008
A devastating blow to the much-hyped revival of atomic power has been delivered by an unlikely source—the Nuclear Regulatory Commission. The NRC says the “standardized” designs on which the entire premise of returning nuclear power to center stage is based have massive holes in them, and may not be ready for approval for years to come.
Delivered by one of America’s most notoriously docile agencies, the NRC’s warning essentially says: that all cost estimates for new nuclear reactors—and all licensing and construction schedules—are completely up for grabs, and have no reliable basis in fact. Thus any comparisons between future atomic reactors and renewable technologies are moot at best. And any “hard number” basis for independent financing for future nukes may not be available for years to come, if ever.
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