Fortnightly Magazine - July 2008

Debt Renaissance

Eye-popping nuclear costs portend rising leverage.

(July 2008) When Progress Energy announced in March 2008 that the expected cost had tripled for its proposed two-unit, 2,200-MW nuclear plant in Levy County, Fla., the company called on the state’s highest-ranking proponent of nuclear energy to blunt negative reaction to the news.

Energy Risk & Markets

Allowance trading needs oversight, but don’t overdo it.

As Congress mulls omnibus climate-change legislation, questions are arising about the potential for greenhouse gas emissions markets to be manipulated. Current legislation attempts to address the problem, but only a streamlined oversight regime can hope to prevent emissions-trading abuses.

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