Comments on: Going Nuclear http://blogs.reuters.com/reuters-dealzone/2008/12/03/going-nuclear/ Behind the deals and deal-makers Sun, 29 Nov 2009 13:27:49 +0000 http://wordpress.org/?v=2.6.2 By: The Energy Net » Top 100 Energy Stories (Dec. 1st - 4th) http://blogs.reuters.com/reuters-dealzone/2008/12/03/going-nuclear/#comment-339566 The Energy Net » Top 100 Energy Stories (Dec. 1st - 4th) Sun, 07 Dec 2008 01:09:52 +0000 http://blogs.reuters.com/reuters-dealzone/?p=12902#comment-339566 [...] DealZone:  Going Nuclear It is said that all that glitters is not gold. Keep that in mind when considering the bidding war heating up the nuclear power business. France’s EDF has offered $6.5 billion for half of Constellation Energy Group’s nuclear business and some other assets, trumping Warren Buffett’s bid of $4.7 billion for all of Constellation. [...] [...] DealZone:  Going Nuclear It is said that all that glitters is not gold. Keep that in mind when considering the bidding war heating up the nuclear power business. France’s EDF has offered $6.5 billion for half of Constellation Energy Group’s nuclear business and some other assets, trumping Warren Buffett’s bid of $4.7 billion for all of Constellation. [...]

]]> By: Chris Kaufman http://blogs.reuters.com/reuters-dealzone/2008/12/03/going-nuclear/#comment-339541 Chris Kaufman Thu, 04 Dec 2008 14:23:23 +0000 http://blogs.reuters.com/reuters-dealzone/?p=12902#comment-339541 Warren Buffett likes to say he only invests in businesses he understands, and for a strategic buyer like EDF, this one is a no brainer. Christina raises an interesting point about insurers' ability to take on such risk - insurance is certainly a business that Buffett understands. Warren Buffett likes to say he only invests in businesses he understands, and for a strategic buyer like EDF, this one is a no brainer. Christina raises an interesting point about insurers’ ability to take on such risk - insurance is certainly a business that Buffett understands.

]]> By: Going Nuclear « nuclear-news http://blogs.reuters.com/reuters-dealzone/2008/12/03/going-nuclear/#comment-339536 Going Nuclear « nuclear-news Thu, 04 Dec 2008 05:56:39 +0000 http://blogs.reuters.com/reuters-dealzone/?p=12902#comment-339536 [...] 4 12 2008 Going Nuclear REUTERS 3 DEc 08 It is said that all that glitters is not gold. Keep that in mind when considering [...] [...] 4 12 2008 Going Nuclear REUTERS 3 DEc 08 It is said that all that glitters is not gold. Keep that in mind when considering [...]

]]> By: Christina Macpherson http://blogs.reuters.com/reuters-dealzone/2008/12/03/going-nuclear/#comment-339535 Christina Macpherson Thu, 04 Dec 2008 02:51:15 +0000 http://blogs.reuters.com/reuters-dealzone/?p=12902#comment-339535 Indeed, when it comes to the nuclear industry, all that glitters could very well turn out to be dross. Warren Buffett might decide that he's well out of it, as he did earlier this year when he pulled out of plans for a nuclear energy facility in Payette County, after the company spent $13 million researching the viability of the location. The current hype about nuclear is sounding a bit desperate - as aging reactors reach their use-by date, and the new ones - AREVA's troubled project in Finland - and the foundering GNEP plan in USA - are looking like expensive lemons. And - it all depends on tax-payers copping the risks, as no insurers will, and of course, tax-payers into the unforseeable future paying for the wastes. Indeed, when it comes to the nuclear industry, all that glitters could very well turn out to be dross. Warren Buffett might decide that he’s well out of it, as he did earlier this year when he pulled out of plans for a nuclear energy facility in Payette County, after the company spent $13 million researching the viability of the location.

The current hype about nuclear is sounding a bit desperate - as aging reactors reach their use-by date, and the new ones - AREVA’s troubled project in Finland - and the foundering GNEP plan in USA - are looking like expensive lemons.
And - it all depends on tax-payers copping the risks, as no insurers will, and of course, tax-payers into the unforseeable future paying for the wastes.

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