April 13, 2018 Read More →

Exelon Exec Sees No New Nukes In U.S.—Ever

Platts:

Due to their high cost relative to other generating options, no new nuclear power units will be built in the U.S., an Exelon official said Thursday.

“The fact is—and I don’t want my message to be misconstrued in this part—I don’t think we’re building any more nuclear plants in the United States. I don’t think it’s ever going to happen,” William Von Hoene, senior vice president and chief strategy officer at Exelon, told the U.S. Energy Association’s annual meeting in Washington. With 23 operational reactors, Exelon is the U.S.’ largest nuclear operator.

“I’m not arguing for the construction of new nuclear plants,” Von Hoene said. “They are too expensive to construct, relative to the world in which we now live.” Nuclear power in the U.S. “at this point is really a bridge to a different kind of carbon-free world,” he said.

“I think it’s very unlikely that absent some extraordinary change in environment or technology, that any nuclear plants beyond the Vogtle plant [in Georgia] will be built in my lifetime, by any company,” Von Hoene said in an interview at the meeting Thursday.

Von Hoene’s stance includes so-called small modular reactors, or SMRs, and advanced designs, he said.

More: No New Nuclear Units Will Be Built In US Due To High Cost: Exelon Official

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