Edward Conard

Top Ten New York Times Bestselling Author

  • “…serious thinking for serious thinkers. …a thought-provoking blueprint for growing middle- and working-class incomes.” - Mitt Romney, former Governor of Massachusetts
  • “Unintended Consequences should be read by anyone who takes for granted the superiority of progressive taxation and has not thought carefully about the trade-offs involved.” - The New Republic
  • “…reminds us that inequality sends a signal of what society lacks most, in America’s case, entrepreneurship and risk taking.” - Lawrence Lindsey, CEO, The Lindsey Group, former Director of the National Economic Council
  • “…reminds us that inequality sends a signal of what society lacks most, in America’s case, entrepreneurship and risk taking.” - Lawrence Lindsey, CEO, The Lindsey Group, former Director of the National Economic Council
  • “Unintended Consequences offers deep and well-argued analyses on almost every issue.” - The New York Times
  • “…a fresh argument for the productive value of inequality.” - David Autor, Professor of Economics, Massachusetts Institute of Technology
  • “…a must-read for serious students of economic policy.” - Glenn Hubbard, Dean, Columbia Business School, and former Chairman of the Council of Economic Advisers
  • “…a comprehensive explanation of the modern economy.” - Julian Robertson, Founder, Tiger Management
  • “…a comprehensive explanation of the modern economy.” - Julian Robertson, Founder, Tiger Management
  • “A full-throated defense of economic dynamism.” - The Wall Street Journal
  • “Unintended Consequences is far smarter and more thought-provoking than most economics written for the general public” - Greg Mankiw, Harvard University, Former Chairman of the Council of Economic Advisors
  • “…a very valuable contribution.” - Larry Summers, former Secretary of the Treasury and director of the National Economic Council, president emeritus, Harvard University
Upside of Inequality Oxford Unintended Consequences

AI Summary. New York has directed its public electric utility to add at least 1 gigawatt of new nuclear generation, the first major new U.S. nuclear plant undertaken in more than 15 years. Only five new commercial reactors have come online in the U.S. since 1991, and nuclear capacity is down more than 4% from its 2012 peak.

Ryan Dezember and Jennifer Hiller Wall Street Journal
Date Posted:

In an effort to take advantage of the Trump administration’s new nuclear regulatory regime, New York State is launching an effort to build a new nuclear-power facility. Only 5 new commercial reactors have come online in the U.S. since 1991.

Is the U.S. restarting construction of large nuclear power plants?

Core argument: New York Governor Kathy Hochul has directed the state's public electric utility to add at least 1 gigawatt of new nuclear generation — roughly enough to power about a million homes — to its aging reactor fleet.

New York intends to build a large nuclear-power facility, the first major new U.S. plant undertaken in more than 15 years and a big test of President Trump’s promise to expedite permitting for such projects. Kathy Hochul said in an interview that she has directed the state’s public electric utility to add at least 1 gigawatt of new nuclear-power generation to its aging fleet of reactors. A gigawatt is roughly enough to power about a million homes. Only five new commercial reactors have come online in the U.S. since 1991, which hasn’t been enough to offset plant retirements. Nuclear-generation capacity is down more than 4% from its 2012 peak.

Takeaways by Macro Roundup® AI

  1. New York Governor Kathy Hochul has directed the state's public electric utility to add at least 1 gigawatt of new nuclear generation — roughly enough to power about a million homes — to its aging reactor fleet.
  2. The planned New York facility would be the first major new U.S. nuclear plant undertaken in more than 15 years and a test of President Trump's promise to expedite permitting for such projects.
  3. Only five new commercial reactors have come online in the U.S. since 1991, too few to offset plant retirements, leaving nuclear-generation capacity more than 4% below its 2012 peak.

Related Articles:

  • Plant Vogtle Unit 4 Begins Commercial Operation — The 1,114-megawatt Unit 4 reactor at Georgia's Plant Vogtle entered commercial operation, completing an 11-year expansion that brings the plant's capacity to nearly 5 gigawatts and makes it the largest US nuclear plant. No nuclear reactors are currently under construction in the United States, where nuclear supplies about 19% of electricity.
  • Three Mile Island’s Nuclear Plant to Reopen, Help Power Microsoft’s AI Centers — Constellation Energy will spend about $1.6bn to restart the undamaged reactor at Pennsylvania's Three Mile Island nuclear plant, which closed in 2019, and has signed a 20-year agreement to sell the power to Microsoft. The deal reflects the scale of round-the-clock carbon-free electricity sought for artificial intelligence data centers.
  • Nuclear Power Is Hard. A Climate-Minded Billionaire Wants to Make It Easier — Start-up TerraPower has begun building a sodium-cooled nuclear reactor designed to be smaller and cheaper than conventional water-cooled plants, with completion expected no earlier than 2030 and the design not yet approved by the Nuclear Regulatory Commission. The company says the reactors should ultimately generate electricity at half the cost of traditional nuclear plants.
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