Soothing words before the storm: “Our nuclear plants are now shut down.”
Why take an action that’ll result in higher electricity prices? The dismantlement of a New Deal institution in South Carolina.
Do the buyers know something that we don’t?
Billions in cost overruns. Years behind schedule. Westinghouse bankruptcy didn’t help.
Given the difficulty of accurately gauging nuclear capital expense, how can we infer if these enterprises can ever be profitable?
So, how does a deflationary depression resolve itself?
The party is over, again.