September 9, 2013 (www.investorideas.com newswire) The Earth Policy Institute: "Nuclear power generation in the United States is falling," writes Matt Roney, research associate at the Earth Policy Institute, in a new report. Since flattening out between 2007 and 2010, electricity output from U.S. nuclear plants has dropped more than 4 percent, with another 2 percent drop expected in 2013.
Four permanent reactor shut-downs so far this year leave the United States with 100 nuclear reactors, averaging 32 years in operation. More closures are soon to follow as the already dismal economics for nuclear power deteriorate further. While the cost of operating, maintaining, and fueling the aging reactor fleet soars, wind and solar power costs continue to fall.
Electric utilities are not only closing existing reactors early, they're scuttling proposed nuclear projects as well. Furthermore, the few reactors now under construction are experiencing the cost overruns and schedule delays that have plagued nuclear construction since the industry's inception.
Far from the "renaissance" the nuclear industry envisioned a decade ago, it appears that nuclear power in the United States is on its way out.
Report on the darkening future for nuclear power in the United States.
J. Matthew Roney, Research Associate, Earth Policy Institute
** J. Matthew Roney is available for interviews.**
In 2001 Lester R. Brown founded the Earth Policy Institute to provide a vision and a road map for achieving an environmentally sustainable economy. For more information about EPI, please visit their website at www.earth-policy.org.
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