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- W101950010 abstract "Caren Byrd, vice president at Morgan Stanley Co., told an industry-sponsored nuclear power conference that the electric industry's interest in nuclear generation appears to have waned, and concerns are that more plants will close in addition to the three units that have shut down in the last 12 months. Because of high costs, the question of the next generation of nuclear plants becomes more unlikely to financial people, she said, warning that nuclear construction has strained many utilities. The nuclear option will remain viable only if cost cutting occurs, she said. Byrd was a panelist discussing the economics of nuclear energy at the 1993 Nuclear Power Assembly, held by the American Nuclear Energy Council in Washington, DC, last month. Former Deputy Secretary of Energy Linda Stuntz moderate the three-person panel, which focused on the economics of building and operating nuclear plants. Byrd's fellow panelist, Greg Rueger, Pacific Gas and Electric Co. (PG E) senior vice president and general manager, nuclear power generation, focused his comments on existing facilities and their production and costs. Rueger said that industry performance overall has been fairly bad on the cost issue, but that actual operation and maintenance costs have gone up. If such amore » trend were to continue it could be a disaster for the nuclear industry, Rueger said. He said some principal cost-growth drivers are engineering, security, training, and procurement. The third panelist, Dr. John Ahearne, executive director of Sigma Xi, The Scientific Research Society, said that in the United States from 1970 to 1979 the average nuclear plant construction period was 6.3 years for 63 plants. From 1980 to 1989 the average construction time grew to 11 years for 47 plants. As far as construction costs are concerned, Ahearne said that the only consistency is that the same plant in different places will range widely in cost, indicating that the process has become totally unpredictable.« less" @default.
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- W101950010 date "1993-06-01" @default.
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- W101950010 title "Plant economics addressed at nuclear power assembly" @default.
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