It was about the problem of nuclear storage. As a result, there have been no new nuclear sites built in the last 15-20 years. In fact, few new electric sites were built during that time. Therefore, the excess electric capacity available then is all but gone now. With degregulation of the industry, the only way to bring new capacity on line and meet today's more stringent environmental requirements, according to the news program, is to build NG fired electric sites.
Environmentalists go crazy when coal fired plants come on line.
Remember our discussion a few months ago about electric companies buying NG companies. It's starting to make a lot more sense to me now as a way to resolve a longer term problem. As capacity continues to dwindle, I suspect there will be many more NG plants coming on line which could put some pressure on NG prices.