"Nuclear Ambitions Pose Company Risk, Public Costs"

"European investors and consumers take note: plans by power companies to cut carbon emissions with a new range of nuclear power stations are a big gamble for companies and joe public will have to foot the bill.

Britain, Italy and Finland plan to decide this year on strategies to rebuild their collection of nuclear reactors, while Sweden will decide after its general election whether to allow new nuclear power plants.

But claims such as the British government's that companies alone will shoulder the cost for the multi-billion euro projects will turn out to be misleading, past experience and today's evidence show."

Peter Dinkloh reports for Reuters April 14, 2010.

Wednesday, April 14, 2010