Nuclear Power Is the Answer to Global and Environmental Energy Woes

Re:Nuclear Power Is the Answer to Global and Environmental E... by Retric on Friday April 21, 2023 @09:33PM (#35662449)

Sure they own nuclear but they also own a great deal of hydroelectric.

Their finances are very healthy because they essentially got 50 billion in assets from privatization of public assets including a great deal of very low maintenance hydroelectric generation and significant nuclear again without any upfront cost.

Things don’t look nearly as rosy when you consider their generating $1.20 billion in net profits off of 60 billion in assets - 10 billion in debt.

[ Parent | on HN ]

Re:Nuclear Power Is the Answer to Global and Environmental E... by SECProto on Friday April 21, 2023 @10:21PM (#35662762)

Yes, debt financing is awful, and something that has guaranteed long term revenue but large up front capital costs is something that should be publicly owned (i.e. a crown corporation like OPG), not financed by private debt.

[ Parent | on HN ]