Giuliani Supporting New Nuclear on Stump in New Hampshire

Speaking at a company that makes high-end solar panels, Republican presidential candidate Rudy Giuliani said there was "no magic bullet" in ending dependence on foreign energy sources.

Giuliani, who wore a tie with small windmills, said that as president he would encourage the federal government to encourage several types of energy sources then "step back" and let the free market take over and decide which energy sources are more popular.

He said that he considered all alternative energy sources like wind and solar a part of this as well as the use of coal and even the more controversial use of nuclear power plants.

"I support an increase in the incremental role of nuclear energy," Giuliani said.

For more from our archives on Mayor Giuliani, click here.

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Fluor Invests in NuScale

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Wednesday Update

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Nuclear Utility Moves Up in Credit Ratings, Bank is "Comfortable with Nuclear Strategy"

Some positive signs that nuclear utilities can continue to receive positive ratings even while they finance new nuclear plants for the first time in decades: Wells Fargo upgrades SCANA to Outperform from Market Perform Wells analyst says, "YTD, SCG shares have underperformed the Regulated Electrics (total return +2% vs. +9%). Shares trade at 11.3X our 10E EPS, a modest discount to the peer group median of 11.8X. We view the valuation as attractive given a comparatively constructive regulatory environment and potential for above-average long-term EPS growth prospects ... Comfortable with Nuclear Strategy. SCG plans to participate in the development of two regulated nuclear units at a cost of $6.3B, raising legitimate concerns regarding financing and construction. We have carefully considered the risks and are comfortable with SCG’s strategy based on a highly constructive political & regulatory environment, manageable financing needs stretched out over 10 years, strong partners...

NEI Nuclear Notes

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