That was true in the 70’s, too. You always needed a way to show that people would pay the long term prices necessary to cover the cost of construction.
The big changes since the 70’s has been that competing sources of power are much cheaper and that the construction costs of large projects (not just nuclear reactors, but even highways and bridges and tall buildings) have skyrocketed.
There’s less room to make money because nuclear is expensive, and cheaper stuff has come along.
If you don’t get a high ROI, you’re not going to have lots of investors offering up their cash at low interest rates.
That was true in the 70’s, too. You always needed a way to show that people would pay the long term prices necessary to cover the cost of construction.
The big changes since the 70’s has been that competing sources of power are much cheaper and that the construction costs of large projects (not just nuclear reactors, but even highways and bridges and tall buildings) have skyrocketed.
There’s less room to make money because nuclear is expensive, and cheaper stuff has come along.
Not when the federal government was just building them to generate fissile material and giving the electricity away after that.
Upfront costs are expensive. But operational and fuel costs are very low, per MWh. Long term, nuclear is cheaper.