Nuclear power is one of many options available to achieve reduced carbon dioxide emissions likely to be mandated by an (as yet) undefined national climate change policy. Investment costs in nuclear power are greater than in any other conventional generating technology. They are irreversible and...

There are three basic approaches to mitigating this risk; namely, institutional instruments that limit the possibility of government opportunism, financial instruments that decrease financial risk, and investment strategies, such as choosing technologies that may not be cost-minimizing but that...

In this article we describe steps that governments and investors can take to mitigate regulatory risk. Such risk mitigation applies a set of institutional and financial instruments to make risks and rewards commensurate with each other, promoting efficient investment. Managers and investors are...

With concerns over global climate change, U.S. policymakers are exploring ways to reduce domestic dependence on coal and natural gas. No new nuclear plants have been ordered since 1978. However, federal and state policies and legislation have attempted to reduce risks to nuclear plant developers...

Most electric utilities still rely on “dumb grid” technology to meet and manage load. Yet the passage of the federal Energy Policy Act of 2005 and the 2007 Energy Independence and Security Act (EISA) has provided greater visibility for smart meters, an essential component of smart grid...