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June 30, 2008

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paulflynn

Thanks rwendland. Nothing changes. There is as great a depth of gullibility on nuclear costs as there was was when it was promised to be too cheap to meter. The example of Finland has not yet shaken their confidence in 'new' nuclear , nor the £3bn annual cost of the reprocessing disaster.

rwendland

American Electric Power CEO seems to have the measure of the true economics of nuclear power when he says "I'm not convinced we'll see a new nuclear station before probably the 2020 timeline".

http://www.tulsaworld.com/business/article.aspx?articleID=070829_5_E1_spanc05761

From what I can make out actual nuclear build cost quotes have about tripled over the estimated costs of 2003. Do you think Hutton has a proper appreciation of this? Could this be why Gordon went to Saudi to solicit politcally directed capital funds for nuclear build?

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