National Journal's Expert Blog Asks: "Does Nuclear Fit the [Climate] Bill?"

The answers to this question from various experts should be fun to watch unfold over the week. Be sure to remember to check in occasionally to see how the discussion is going. It's up to five mixed responses so far...

Update 1:50 pm: NEI's CEO Marv Fertel added his two cents to the discussion.

Update 10/21, 4 pm: So far 14 experts have weighed in. Rep. Joe Pitts, R-Pa has the most favorable votes with NEI's CEO right behind. Carl Pope from the Sierra Club dropped an odd comment about Texas and low-level waste and surprisingly the American Wind Energy Association felt the need to comment about the nuclear industry's financial barriers. I wonder what AWEA thinks of HSBC's comments:

HSBC Private Bank is recommending weightings of 1-5 percent in nuclear power to clients without ethical objections, as subsidy-dependent renewable energy stocks are too exposed to political risk. Fredrik Nerbrand, head of global strategy at HSBC's private banking arm, said nuclear power was the "only sustainable" means of electricity generation.

And the newest response was from the industry's critic on costs, Mark Cooper, who Florida Power and Light took to town several months ago.

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Fluor Invests in NuScale

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Wednesday Update

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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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