News and Facts: Nuclear Industry and Radioactive Science

Slow Economy Delays Nuclear Plans

October 11, 2010 By: John Category: In The News

Nationally, power companies have seen plans for construction of new nuclear power facilities stalled, in response to a slow economy and lack of an appropriate stimulus. Two years ago, it seemed a done deal, that nuclear was on the comeback, yet today the lack of a national plan to respond to climate change, which includes a carbon tax, and lower demand puts new construction on hold, much as we are seeing in other sectors, according to one Nuclear Energy Institute spokesperson.

WASHINGTON — Just a few years ago, the economic prognosis for new nuclear reactors looked bright. The prospect of growing electricity demand, probable caps on carbon-dioxide emissions and government loan guarantees prompted companies to tell the Nuclear Regulatory Commission that they wanted to build 28 new reactors. [Read More]