New US nuclear development depends on federal support such as loan guarantees, especially as natural gas prices remain depressed, Standard & Poor’s said in a report Monday.
Federal loan guarantees, in which the government backs financing for most of a new nuclear project, "significantly" improve the economics of reactor construction, S&P analysts Swami Venkataraman and Aneesh Prabhu wrote.
A merchant nuclear plant costing $6,500/kW to build is likely uncompetitive without a (...)
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