Carbon caps to spur nuclear industry

Looming U.S. greenhouse gas regulations should make U.S. nuclear plants cost the same or be cheaper than new coal-fired power stations, backers of a new nuclear exchange-traded fund said.

A nuclear plant hasn't been built in the United States since 1996 in part because it would cost about $3 billion per power station. But the industry is getting a fresh look from Wall Street amid rising concerns about competing fuels coal and natural gas....

From Reuters

And from Resource Investor:

Van Eck Adds Nuclear Energy ETF to the Market Vectors Family

Van Eck Global’s Market Vectors — Nuclear Energy ETF [Amex:NLR] made its debut on the American Stock Exchange August 15, offering individual U.S. investors a cost-effective means of investing in a broad portfolio of companies involved in nuclear energy.

The Nuclear Energy exchange-traded fund (ETF) is designed to track the price and yield performance of Deutsche Borse’s DAXglobal Nuclear Energy Index (DXNE), which consists of a basket of 38 nuclear energy companies listed on global exchanges. With uranium prices soaring and nuclear energy expected to provide an increasing proportion of the world’s electricity, the Index has generated returns of 45.2% and 30.8% over three- and five-years, respectively....