Last updated on April 17, 2014 at 11:05 EDT

Nuclear Power Industry’s Prospects in 2012: Three Trends Pointing to More Trouble Ahead

December 27, 2011

Experts to Share Perspectives on Implications of 2011 Developments and Emerging 2012 Trends; Paper to Outline Key Cost, Regulatory, Safety and Other Setbacks for Embattled Industry.

WASHINGTON, Dec. 27, 2011 /PRNewswire-USNewswire/ — Nuclear power experienced one of its worst years in decades in 2011. What are nuclear power’s prospects in 2012? Does the approval of the AP-1000 reactor design and the possible approval of four reactors in Georgia and South Carolina mean that the nuclear renaissance is really back on track?

Those questions will be addressed by three leading experts who will outline the key setbacks for the industry in 2011 and the emerging trends that point to 2012 being an even more challenging year for expansion of nuclear power. A paper will be presented outlining key recent developments and those now underway that stand between the nuclear power industry and its long promised “renaissance.” Factors to be addressed will include: Fukushima’s ongoing impact on U.S. nuclear reactor development; the possible impact of the turmoil at the top of the Nuclear Regulatory Commission; and the latest data trends on the impact of tightened post-accident safety regulation, rising construction costs, and stiffer marketplace competition from alternative energy sources, including natural gas.

News event speakers will be:

  • Peter Bradford, currently adjunct professor on Nuclear Power and Public Policy, Vermont Law School, former member of the United States Nuclear Regulatory Commission, former chair of the New York and Maine state utility regulatory commissions;
  • Mark Cooper, senior fellow for economic analysis, Institute for Energy and the Environment, Vermont Law School, and author of “Policy Challenges of Nuclear Reactor Construction, Cost Escalation and Crowding Out Alternatives” (2009); and
  • Carol Werner, executive director, Environmental and Energy Study Institute (EESI).

TO PARTICIPATE: You can participate in a related live, phone-based news conference (with full, two-way Q&A) at 11 a.m. EST on December 28, 2011, by dialing 1 (800) 860-2442. Ask for the “2012 nuclear industry prospects” news event.

CAN’T PARTICIPATE?: A streaming audio replay of a related news event will be available on the Web at http://www.nuclearbailout.org as of 4 p.m. EST on December 28, 2011.

SOURCE Peter Bradford, Mark Cooper and the Vermont Law School

Source: PR Newswire