Economics
Italy Shelving Nuclear Means No End to EU’s Highest Power Price
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Italy’s decision to shelve an 18 billion euro ($26 billion) reactor-building program after Japan’s nuclear crisis means companies from Fiat SpA to Parmalat SpA will keep paying Europe’s highest power prices.
Italy, the only major world economy without atomic power, had planned to build its first four reactors by 2020. The government ordered a one-year moratorium after radiation leaked from Fukushima, jeopardizing Prime Minister Silvio Berlusconi’s goal of curbing dependence on energy imports.