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August 8, 2017

Billions lost as ‘nuclear renaissance' projects get aborted or suspended

  • Most of the 18 nuclear projects pending before the NRC a decade ago have been aborted or suspended indefinitely.
    Associated Press

    COLUMBIA, S.C. — A decade ago, utilities were persuading politicians around the country to let them spend big to go nuclear.

    Expanding nuclear energy capacity was a sure bet, they said: Natural gas prices were rising, energy needs skyrocketing, and the federal government was poised to cripple carbon-emitting fossil fuel plants. With a dozen or more nuclear power projects being developed around the nation, cost savings could be found through simultaneous construction.

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