One of the main drivers behind the passage of the 2005 Energy Policy Act was the inclusion of incentives (investment protection, production tax credits and the like) electric utilities said were necessary to spur the building of new baseload generating capacity like coal and nuclear. If the activity since the bill was signed into law this past August is any indication, the law is working exactly as intended. Accounting for the announcements made by Duke Energy and Constellation Energy last week, there are now 10 distinct projects underway investigating the possibility of new nuclear build. But the incentives in EPACT 2005 are only part of the story. Another piece of the puzzle is the incredible volatility we're seeing around the world in natural gas markets. As our President and CEO Skip Bowman put it last week in a speech in Savannah, Georgia : Even before Hurricanes Katrina and Rita, oil and natural gas prices were increasing and our energy supply and delivery infrastructure a...
Former blog for NEI featuring news and commentary on the commercial nuclear energy industry. Head to NEI.org for the latest blog posts.