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End of Nuclear in U.S. Seen by Carlyle Group Without Subsidies

  • Carlyle’s outlook comes as nuclear plants are retiring
  • Cost of building a reactor may be five times that of gas unit
Updated on

Nuclear power will come to an end in the U.S. if the industry doesn’t get more government support, according to Carlyle Group LP, one of the world’s largest investment firms.

The nation’s nuclear reactors need more subsidies to keep running, such as a federal carbon tax that’ll reward them for their zero-emissions power, Bob Mancini, co-head of Carlyle Group’s power unit, said at a conference in New York. Carlyle, which has $176 billion in assets under management across funds, invests in natural gas- and coal-fired power plants and renewable energy projects.