A decade ago, nuclear power plants in the U.S. were cash cows. Now more than half of them are bleeding cash, knocked from profitability by the shale-gas glut that’s tanked electricity prices. Five nuclear plants were closed prematurely in the past five years, and more are on the chopping block. The industry used to look down on the subsidies needed by its clean-energy rivals, wind and solar power. Now some states are offering subsidies to nuclear plants similar to the ones that wind and solar generators — whose costs have plunged — are outgrowing. The trend has implications not just for America’s future power supply but for global efforts to combat climate change.
Bloomberg 14th July 2017 read more »