The construction of new U.S. nuclear plants will be more modest in the near term compared with earlier expectations, but the industry's prospects in the future are strong, said William Johnson, chairman, president and CEO of Progress Energy. The development of new reactors in Georgia and South Carolina are key milestones, but the need for large baseload facilities has weakened, Johnson said during the Nuclear Energy Institute's Nuclear Energy Assembly in North Carolina. The industry will focus on the growth of nuclear projects overseas while it waits for market conditions in the U.S. to improve, he said. American City Business Journals/Charlotte, N.C./Power City blog
Nuclear Energy Will Continue Growing in U.S. and Abroad
"I am confident that the need for new nuclear power plants will emerge beyond 2020 because the long-term fundamentals for nuclear energy remain sound," said William Johnson, chairman, president and CEO of Progress Energy, in a speech at the Nuclear Energy Assembly. Johnson also serves as NEI chairman. Read more
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