Bank report says prospects are going south, but consultant says the real name of the game is managing risk

confusedA new report by Citigroup on the prospects for equity investors in the nuclear energy industry casts doubt on prospects for profits.  While the report is focused on Europe, its authors claim their findings have equal weight in the U.S. 

Cited in the July 2010 issue of the EEnergy Informer, published by Fereidoon P. Sioshansi, Ph.D., a utility consultant, he writes Citigroup's report "New Nuclear – the Economics and Politics" says that for every step forward there is another that takes a step back.

Separately, a group of analysts at consulting firm Arthur D. Little say the financing isn't so much the problem as managing the risk with the key emphasis on "management." In a June 2010 report titled "Nuclear New Build Unveiled," the firm reports realistic schedules, and managers who understand the complexities of building new nuclear reactors, are the essential elements of managing risk. The report's authors say that failure mode will follow not paying attention to these issues.

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