U.S. Nuclear Generation Faces Steep Challenges as Costs Rise, Demand Flattens
SUGAR LAND--August 14, 2017--Researched by Industrial Info Resources (Sugar Land, Texas)--The nuclear sector has faced at least three major challenges for more than a decade: higher costs, flat demand and the rise of natural gas. Two recent developments indicate the severity of the challenges facing the U.S. nuclear power sector: Construction has been halted on SCANA Corporation's (NYSE:SCG) addition to the Virgil C. Summer Power Station, and Southern Company (NYSE:SO) has announced that completion of an addition at the Alvin W. Vogtle Nuclear Power Station could cost as much as $25 billion.
Within this article: Details on the major factors contributing to the decline in nuclear power's role in U.S. energy generation.
