(E3 ) Working Papers Series
E3 Working Paper WP-014 Abstract
WP-014: Lucas W. Davis, "Prospects for U.S. Nuclear Power After Fukushima" (August 2011) Full Paper
Abstract
The prospects for a revival of U.S. nuclear power were dim even before the tragic events at
the Fukushima nuclear plant. Nuclear power has long been controversial because of concerns
about nuclear accidents, proliferation risk, and the storage of spent fuel. These concerns are
real and important. In the end, however, the key challenge for U.S. nuclear power is the high
cost of construction for nuclear reactors. This article reviews the historical record of reactor
orders and construction costs in the United States, highlighting some of the insights from the
cancellations and cost overruns that have characterized the industry.