Leonard S. Hyman is an economist and financial analyst specializing in the energy sector. He headed utility equity research at a major brokerage house and… The Nuclear Energy Act that was just passed by the UK parliament is just the latest development in the long and torrid love affair between the Conservative party and nuclear power. The act aims to increase the percentage of nuclear power in the country’s energy mix, but the details of the act would suggest that consumers will be forced to foot the bill. Nuclear energy may well be a key part of the UK’s energy security, but establishing who carries the financial risk of such a high-cost venture is of the utmost importance. On March 31 both houses of the UK Parliament passed the Nuclear Energy (Financing) Act. Some critics might say that passage demonstrates that the British Conservative Party’s continuing, torrid love affair […]