Nuclear's "enormous costs, political and popular opposition, and regulatory uncertainty" render new reactors infeasible even in regions where they make economic sense, according to Morningstar's Utilities Observer report for November.
"Aside from the two new nuclear projects in the U.S., one in France, and a possible one in the U.K., we think new-build nuclear in the West is dead," Morningstar analysts Mark Barnett and Travis Miller say in the report.
This view puts Morningstar on the same page as former Exelon CEO John Rowe, who said in early 2012 that new nuclear plants "don't make any sense right now" and won't become economically viable for the forseeable future.
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