University of Chicago: 'Nuclear Power Competitive With Coal & Natural Gas'
U.S. Newswire, September, 2004
WASHINGTON, Sept. 20 /U.S. Newswire/ -- While experts have debated the costs associated with developing advanced nuclear power generation, the first exhaustive study examining the economic competitiveness of nuclear power has been completed by the University of Chicago and it shows that the future cost associated with nuclear power production is comparable with gas and coal-based energy generation.
The principal findings of the Chicago study demonstrate that future nuclear power plants in the United States can be competitive with either natural gas or coal. Whereas the levelized cost of electricity (LCOE) for coal is $33 to $41 per MWh and $35 to $45 per MWh for gas-fired production, new nuclear plants would have costs of $31 to $46 per MWh once early plant costs are...
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