Tuesday, October 12, 2010

Economy sandbags nuclear plans - Business - TheState.com

"A drop in energy demand is a major factor driving the cautious stance of both the industry and the government. Power demand dropped by more than 4 percent between 2007 and 2009. So far, it seems that demand in 2010 will be higher than last year, but not as high as 2007. These are big changes for an industry that is accustomed to growth on the order of 1 to 3 percent a year. With slack demand, there is less urgency to build new plants."

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