Filling Nuclear Power's $5 Trillion Hole Is Beyond the Banks [BNN Bloomberg (Canada)]
Southern Company (The) (SO)
Last southern company (the) earnings: 4/30 06:30 am
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Source: BNN Bloomberg
They left humbled by the tepid reaction of bankers assessing the price tag of their ambitions. The International Atomic Energy Agency convened a summit to build momentum for a low-emissions technology that many expect will be critical for hitting climate targets. A group of mostly Western countries pledged to triple nuclear generation by 2050. But lenders balked at the eyewatering cost of doing so. “If the bankers are uniformly pessimistic, it's a self-fulfilling prophecy,” former US Energy Secretary Ernest Moniz said Thursday after listening to a panel of international lenders explain why they're unwilling to provide the $5 trillion the industry needs by mid-century. “The bankers are calling for a proven business case,” said Jozef Sikela, the Czech Republic's industry and trade minister. “We need to find a way to make it predictable, stable, bankable and affordable.” Projects in Western economies have been plagued by construction delays and ballooning costs in recent decades.
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SO
Earnings
- 2/15/24 - Beat
SO
Sec Filings
- 4/25/24 - Form 8-K
- 4/22/24 - Form PX14A6G
- 4/12/24 - Form ARS
- SO's page on the SEC website