Atomic - How the Nuclear Power Meltdown Will Help U.S. Natural Gas Producers
The U.S. nuclear power sector is facing its biggest crisis in years, with an increasing number of nuclear units being retired for economic reasons and the four new units now under construction in the Southeast facing possible cancellation. Bad news for the nuclear sector is good news for owners and developers of natural gas-fired power plants — and, of course, for natural gas producers — because gas plants are a primary alternative to nuclear in providing reliable, around-the-clock power. Gas plants also are a go-to choice for supporting intermittently available renewable sources like wind and solar. Today we review the woes facing the nuclear sector, efforts by some states to prop it up with subsidies, and the strong economic/environmental case for ramping up gas-fired generation.
