While executives and investors alike are in some cases heading for the exits, well-capitalized companies in the space are plowing ahead into new markets and projects.
Westinghouse was selected to build three AP1000 reactors, or half of what it bid for. Electricite de France SA and Korea Hydro & Nuclear Power Co. were also competing for the contracts.
Lance also cautioned the federal government against any significant changes to the tax structure, saying it could have dire consequences for oil and natural gas investments.