New approaches to contracting in a post-turnkey world.
Tom Flaherty is senior vice president, Jim Hendrickson is vice president, and Marco Bruzzano is a principal with Booz & Company.
Poised for success or captive to uncertainty—that’s the fundamental question facing the nuclear industry.
With an unprecedented level of fuel supply insecurity facing the U.S. power industry, nuclear development is re-emerging as a cornerstone of America’s energy policy. However, uncertain carbon regulation, disrupted and tight credit markets, long-term natural gas price volatility and rapid alternative technology development, combined with nuclear’s prior history, create plausible scenarios in which nuclear investment might be prohibitively perilous without broad risk sharing and mitigation strategies.