Uranium One Inc SXRZF

U.S. nuclear industry sees new costs after Japan

[wavepsyche]

The U.S. nuclear industry will see a "significant" increase in operating and regulatory costs following the Japanese nuclear emergency, but the magnitude of the cost won't be known for several months, the head of the largest fleet of U.S. nuclear reactors said on Thursday.

John Rowe, chairman of Chicago-based Exelon (EXC.N: Quote) told investors that U.S. nuclear plants remain safe, but the industry is preparing for changes in several areas of regulation that will follow from investigations related to problems arising from the March 11 earthquake and tsunami that led to partial meltdowns of nuclear fuel and radiation releases at the Fukushima Daiichi plant in Japan.

"This is going to impose significant costs, perhaps material costs, before we are done," said Rowe. "We just can't put a number on it."

Thu Mar 24, 2011 2:56pm GMT
U.S. nuclear industry sees new costs after Japan

Japan will need to review its nuclear power policy from a "zero base" after the world's worst nuclear accident in 25 years shook public confidence in atomic energy, Japanese Chief Cabinet Secretary Yukio Edano said on Thursday.
Reuters - TOKYO | Thu Mar 24, 2011 10:14am EDT

UN Secretary General Ban Ki Moon is calling for an international review on the management of nuclear power in the wake of the crisis at Japan's quake-damaged nuclear power plant.

He said it is a difficult task, but that he is confident the United Nations can work with the International Atomic Energy Agency, the Japanese government and other countries in coming up with a better system.

Thursday, March 24, 2011 11:56 +0900 (JST)
UN Chief wants global review of nuclear management

For now the ambiguity of environmental assessments and nuclear policy reviews will take center stage; we still don't know what China's revised stance is. Investors will also be reviewing supply/ demand projections based on new 'costs'. Volatile sideways movements seem to be the trend for the short/ medium-term for the U space, with some players drifting lower others higher; it seems unlikely that we will get another 'black swan' related to the nuke industry, so I'm somewhat ruling-out gap downs (or gap ups). JMHO.

CCO, PDN and UUU are back on my radar as we reform a base, albeit with extreme caution ... VERY long-term, I'm cautiously optimistic.

GLTA.