One of my favorite Bob And Tom diddies is "So you think you are smarter than Einstein?". So, with this entry, I ask you, do you think you are smarter than Warren Buffett? His holding company is purchasing Constellation Energy, which has one of the most aggressive Nuclear philosophies out there. If you are a betting person in the financial sector, Progress Energy, Florida Power & Light, NRG, Constellation, Detroit Edison, and Exelon have all recently announced that they are considering nuclear expansion. So, consider investments in these companies, after you have performed the proper vetting of course :o)
--MIDAMERICAN HAS REACHED A TENTATIVE AGREEMENT TO BUY CONSTELLATION for about $4.7 billion, the companies said September 18. The companies said they expect to enter into a definitive merger agreement by close of business September 19 and to close the deal within nine months. In a statement, MidAmerican Energy Holdings Co. President and CEO Gregory Abel said his company "is comfortable with, and committed to, Constellation Energy's current strategic plan." He said MidAmerican intends to allow Constellation "to operate autonomously as it pursues its long-term goals." Constellation's "premier fleet of nuclear assets, and its UniStar venture with [EDF Group] complements MidAmerican's ongoing commitment to environmental initiatives, including investments in hydro, wind and geothermal energy." Both companies have expressed interest in new reactor construction, although MidAmerican has backed away from the idea. Early this year, MidAmerican subsidiary MidAmerican Nuclear abandoned a potential reactor project in Idaho, citing the rising cost of new plant construction. MidAmerican is controlled by billionaire investor Warren Buffett's Berkshire Hathaway Inc. The UniStar Nuclear Energy joint venture has filed an application with NRC for a combined construction permit-operating license for an Areva US-EPR at Calvert Cliffs, the Maryland site that already hosts two reactors. UniStar has said it expects to submit an application to NRC by September 30 for a proposed Areva US- EPR at Constellation's Nine Mile Point, the site in New York where two reactors are operating.
4 comments:
Seems to me that if we want to develop alternatives, nuclear is right up there. Looks like we'll be seeing some new plants in the next couple of decades...which will also create jobs.
Beth
I'm sure we will eventually rely on neucleur energy.
I was amazed that the plans for the Phipps Bend
construction (in Tennessee) was canceled . Millions
had already been spent. It seemed such a waste.
I never knew the reasons it suddenlly stopped.
Wish I had a bundle to invest. Have a good day.
That was a typo. I saw it after posting.
It is nucleur, isn't it? :o) Pat
interesting Ken so what does this mean? where will the reactors be?
Sounds like he knows how much we need to widen our umbrella
natalie
http:journals.aol.com/Lurkynat/Interface/
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