The nuclear crisis in Japan is affecting nuclear development in the U.S.
March 23 , 2011- The continuing nuclear emergency in Japan has the potential to make it more difficult and more expensive for American nuclear companies to fund the creation of new atomic reactors, endangering the tendering process that already has many problems.
Nuclear specialists are cautioning that higher than anticipated financing costs for American nuclear facilities and weakened political aid for federal loan guarantees that assist in procuring access to cheaper debt are going to cause huge difficulties in the growth of the nuclear industry in the U.S.
In a report to shareholders last Tuesday, Standard & Poor’s declared that the crisis in Japan “renewed public focus on the inherent risks of nuclear power” and had the potential to direct “deteriorating economics for new plant construction.”
Any addition in the expenses of financing could hinder any gains that the U.S. nuclear industry might make, which is also dealing with conceivable alterations to federal standards and a rising fight in opposition of any nuclear power from U.S. citizens.
