GDF Suez CEO Sees Nuclear Costs Rising, Delays After Fukushima

GDF Suez SA Chief Executive Officer Gerard Mestrallet said the nuclear accident in Japan may raise expenses for operating atomic reactors and cause delays in developing new plants.

“The cost of nuclear will be higher,” Mestrallet said today in Paris at a shareholders meeting for the former natural gas monopoly. “The pace of development of nuclear can only slow. Will this slowdown be short or long? It’s still too early to tell.”