Despite more than $150 billion in federal subsides over the past 60 years (roughly 30 times more than solar, wind and other renewable energy sources have received), nuclear power costs substantially more than electricity made from wind, coal, oil or natural gas. This is mainly due to the cost of borrowing money for the decade or more it usually takes to get a nuclear plant up and running.
Remarkably, this inconvenient fact does not deter industry officials from boasting that nuclear is the cheapest power available. Their trick is to count only the cost of operating the plants, not of constructing them. By that logic, a Rolls-Royce is cheap to drive because the gasoline but not the sticker price matters. The marketplace, however, sees through such blarney. As Amory Lovins, the soft energy guru who directs the Rocky Mountain Institute, a Colorado think tank that advises corporations and governments on energy use, points out, "Nowhere (in the world) do market-driven utilities buy, or private investors finance, new nuclear plants." Only large government intervention keeps the nuclear option alive.