The nuclear power industry in the united states: Status and projections

Abstract

One sixth of the electricity in the United States is now being generated in nuclear power plants, a remarkable achievement for a technology whose basic nuclear reaction was not even known 50 years ago. On the other hand, many of the nation's electric utilities are experiencing great difficulties completing the construction of their nuclear plants; 41 partially constructed plants have been abandoned. Those abandoned plants plus about 110 in operation and 15 still to be completed comprise the first generation of nuclear power plants in the United States. When, and even if, there will be a second generation is much in doubt. Data are presented to show that the absence of a second generation of nuclear plants will place large demands on the fossil fuels, with attendant high energy prices and high environmental costs the expected outcome. It appears that the future will bring large economic forces to start new orders for nuclear plants. On the other hand, the opposing institutional forces appear equally strong. Among the problems creating these institutional forces are the difficulty the United States is having in finding a politically acceptable approach to nuclear waste disposal and the vulnerability of power plant builders and operators to litigation and high financial risk. At present, the issue of a second generation of nuclear plants is stalemated.