Nuclear Power In The US – Is There A Future?

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Hira Shahnawaz Akhtar
Published on
Updated on

The advent of cheap natural gas in the U.S. has meant that nuclear as a source of power generation is becoming less important day by day. Nuclear plants including Kewaunee (Wisconsin), Crystal River (Florida) and San Onfre (California) have shut down this year. Vermont Yankee Nuclear Plant located in Vermont recently joined the ranks, with an announcement to completely cease generation by late 2014. The 605 megawatt (MW) plant was owned by Entergy, a U.S.-based firm which currently runs nine out of its forty plants on nuclear energy. The plant was in operation since 1972 but Entergy quoted cheap natural gas…

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Hira is a financial analyst whose expertise lies in commodity and other financial markets. Hira is currently an independent financial consultant and is working with many international firms like American Arab Solutions (AAS). She has previously served as a Senior Research Analyst at Alternate Research (Pvt.) Ltd. as the Team Leader for the International Equities Research. She has also worked as an equities analyst of Pakistani E&P stocks at Invest Capital Markets. She has experience in business development and conducting feasibility studies in commodity markets, specifically in sugar, palm oil and canola oilseeds. She has cleared all three levels of her CFA (Chartered Financial Analyst) and has an undergraduate degree in Finance.