Morningstar analysts broke with the pessimistic consensus on nuclear power this fall when they predicted the industry would not just hold its own against renewables and cheap natural gas, it might even grow up to 5 percent. But that prediction, which appeared in the October/November issue of Morningstar magazine, has already fallen flat. “At the time we were developing the forecasts, we were assuming the two new units at the VC Summer (SC) plant would go forward, totaling 2.2 GW of new capacity. But as you probably know, Scana and partner Santee Cooper decided to cancel the project in late July,” said Travis Miller, an equity strategist with Morningstar Research Services LLC.
Forbes 3rd Dec 2017 read more »
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