SOURCE: Industrial Info Resources

Industrial Info Resources

May 20, 2011 06:35 ET

Experts: Low Gas Prices, Not Fukushima Meltdown, Are Slowing U.S. Nuclear Renaissance, an Industrial Info News Alert

SUGAR LAND, TX--(Marketwire - May 20, 2011) - Written by John Egan for Industrial Info Resources (Sugar Land, Texas) -- The fate of the U.S. nuclear renaissance will be determined more by natural gas prices than the Fukushima Daiichi nuclear disaster, a panel of experts told an industry web conference last week. "I don't believe the nuclear renaissance is dead, but with natural gas costing $4 to $4.50 per million British thermal units, it is difficult to justify investing in a new-build nuclear plant," said John Herron, the president, chief executive and chief nuclear officer at Entergy Nuclear, a unit of Entergy Corporation (NYSE:ETR) (New Orleans, Louisiana).

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