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Exelon’s ‘Nuclear Guy': No New Nukes via Forbes

Nuclear power is no longer an economically viable source of new energy in the United States, the freshly-retired CEO of Exelon, America’s largest producer of nuclear power, said in Chicago Thursday.

And it won’t become economically viable, he said, for the forseeable future.

“Let me state unequivocably that I’ve never met a nuclear plant I didn’t like,” said John Rowe, who retired 17 days ago as chairman and CEO of Exelon Corporation, which operates 22 nuclear power plants, more than any other utility in the United States.

“Having said that, let me also state unequivocably that new ones don’t make any sense right now.”

Speaking to about 5o people at the University of Chicago‘s Harris School of Public Policy, Rowe presented a series of slides comparing the economic viability of various energy portfolios, including the “King Coal” scenario favored by Republicans, the “Big Wind” scenario favored by Democrats, and a “Playing Favorites” scenario that shuffles and selects from various energy sources.

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