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The Economist, Other Media Cite Nuclear Studies by Energy Researcher Cooper

March 1, 2012

In a recent article on the nuclear power industry in the United States, The Economist cited a study by Mark Cooper that examined the financing of nuclear plants.

Image of Vogtle nuclear plantCooper, who is senior research fellow for economic analysis at Vermont Law School's Institute for Energy and the Environment, found that in constant dollars the cost of nuclear power roughly quintupled between the 1970s and the early 1990s. He also found that initial cost projections tended dramatically to underestimate actual costs, as the Vogtle experience would seem to bear out.

The Nuclear Regulatory Commission recently approved its first-ever combined construction and operation licences to the Atlanta-based Southern Company to build two new reactors at Plant Vogtle in Georgia. It was the first approval of the construction of a new nuclear reactor in the United States since the Three Mile Island accident in 1979.

Also, the Des Moines Register, Seattle Times and other media recently talked to Cooper about his report titled "Nuclear Socialism Comes to the Heartland of America: Early Cost Recovery for New Nuclear Reactors in Iowa and The Return of Electricity Rate Shock."

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