Wunderlich Provides Color on Utilities/Energy

Wunderlich Securities provided color on utilities/energy. In a research report published today, Wunderlich commented on the new report by Japan's Nuclear Regulatory Commission following the Fukushima disaster.

In the report, Wunderlich states, “Yesterday the Nuclear Regulatory Commission's (NRC) Japan task force issued its 90-day report on the implications of the Fukushima nuclear accident on U.S. nuclear reactors… Based on the nuclear system hardening that occurred in the wake of the September 11 attacks, we continue to believe that the new compliance costs will be managable for existing nuclear operators. Further, we believe new nuclear reactors benefit from improved technology and design that limits the risk older plants face from loss of offsight power and spent fuel pools. We do not expect this to impact nuclear operators materially, though we will continue to watch this situation carefully.“