The rationale, methodology, and updated comparative results of cost pr
ojections for magnetic-fusion-energy central-station electric power pl
ants are considered. Changing market and regulatory conditions, partic
ularly in the U.S., prompt fundamental reconsideration of what constit
utes a competitive future energy-source technology and has implication
s for the direction and emphasis of appropriate near-term research and
development programs, for fusion and other advanced generation system
s.