New nuclear power: Too pricey, and getting worse?
No one has ever called nuclear energy cheap. Well, okay, it was once — apocryphally perhaps — dubbed potentially “too cheap to meter.” The reality has been anything but. The first building boom in nuclear energy collapsed in the late 1970s, as much because of the mounting price of new plants as from all the bad juju from the Three Mile Island near meltdown. This time around, nuclear planners were careful to make no pledges about nuclear energy’s low cost. The new appeal is huge volumes of carbon free energy. Never mind that nukes are not really carbon free, given fuel processing and the energy needed to make the fuel.
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