There's an invisible force powering and propelling our way of life.
It's all around us. You can't feel it. Smell it. Or taste it.
But it's there all the same. And if you look close enough, you can see all the amazing and wondrous things it does.
It not only powers our cities and towns.
And all the high-tech things we love.
It gives us the power to invent.
To explore.
To discover.
To create advanced technologies.
This invisible force creates jobs out of thin air.
It adds billions to our economy.
It's on even when we're not.
And stays on no matter what Mother Nature throws at it.
This invisible force takes us to the outer reaches of outer space.
And to the very depths of our oceans.
It brings us together. And it makes us better.
And most importantly, it has the power to do all this in our lifetime while barely leaving a trace.
Some people might say it's kind of unbelievable.
They wonder, what is this new power that does all these extraordinary things?
From a just-released survey conducted by RBC Capital Markets,
Comments
Try polling our mailing list and see what you would come up.
I'm more impressed by the June 2, 2008 report from Moody's investor services where again we read that a utility's credit is projected to go down the toilet by building new nukes.
The report says a construction announcement can bring a 25% to 30% deterioration in the builder's credit rating.
Moody's is now projecting construction costs potentially
exceeding $7,000 per installed kilowatt, (that's up $1000-$2000 /kw from their Oct. 2007 report.
You must figure the sky is the limit if you have the US taxpayer on the hook for covering defaults. But that can quickly change.
The report adds that utilities should not rely on federal loan guarantees in because that program's "form and substance" will be "subject to a material amount of political influence" into the future.
"The credit implications associated with pending climate change legislation are beyond the scope of this Special Comment. Nevertheless, Moody’s observes that nuclear power appears to represent the most compelling large-scale base load and emissions-friendly supply alternative. We acknowledge that the illustrative scenarios discussed in this report do not incorporate the potential economics associated with carbon / greenhouse gas emission regulations, a material simplifying assumption but one that could have a significant positive impact on the economic prospects for new nuclear generation. In our opinion, if federal and state governments are serious about reducing carbon emissions, new nuclear power will be part of the solution."