The disaster in Japan has focused new attention on nuclear power in the United States. Here are the basic contours: At present, the U.S. has 104 nuclear plants in 31 states - producing 20% of the nation's electricity. Of the pending proposals to build 30 new units, it is likely that fewer than seven will be built before 2020. No new power plants have been built in the U.S. since the partial meltdown at Three Mile Island in Pennsylvania in 1979. The Obama Administration wants to ramp up nuclear power in the U.S. as part of a plan to increase domestic energy security and meet clean energy targets. In practical terms, that means an investment of $54 billion in U.S. loan guarantees for nuclear energy - loan guarantees are often used to help investors since nuclear power plants are extremely costly to set up, have uncertainty around permit approvals, and often take many years to realize a profit. Read more here.
Tuesday, March 15, 2011
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