Slashdot Mirror
Obama Budget To Triple Nuclear Power Loan Guarantees
Hugh Pickens writes "When President Obama said in his State of the Union address on Wednesday that the country should build 'a new generation of safe, clean nuclear power plants,' it was one of the few times he got bipartisan applause. Now the NY Times reports that administration officials have confirmed their 2011 federal budget request next week will raise potential loan guarantees for nuclear projects to more than $54 billion, from $18.5 billion, and a new Energy Department panel will examine a vastly expanded list of options for nuclear waste, including a new kind of nuclear reactor that would use some of it. The Energy Department appears to be getting close to offering its first nuclear loan guarantee. Earlier this week, Southern Co. Chief Executive David Ratcliffe said the company expects to finalize an application for a loan guarantee 'within the next couple months,' while Scana Corp., which has also applied, is 'a couple months behind Southern' and is hopeful of receiving a conditional award 'sometime in the next months.'"
It is because eco-idiots delay the plant construction for many years. An un-finished nuke plant makes no money!!! Tim S.
Well, France has serious problems with its radioactive waste, as do *ALL* countires with nuclear power. Their storage areas are starting to decay and allow radioactive waste to leach into the ground. It's happening in the U.S. too, you just don't hear much about it. Right now a famous French vineyard is threatened by leaking radioactive waste. Proponents of nulcear power have zero credibility until they agree to allow nuclear waste to be stored in *THEIR* backyards.