Tuesday, July 7, 2009
"UniStar Nuclear Energy, NRG Energy Inc., Scana Corp and Southern Co. are expected to share a set of loan guarantees to be awarded by the Energy Department. The guarantees would enable the companies to start building the reactors as early as 2011, with the plants likely to come online by 2015 or 2016. ... Seventeen companies applied for $122 billion of federal loan guarantees for 21 proposed reactors. ... The likely launch of the next generation of nuclear reactors--a move in the making for at least a decade--has big implications for the economy and the environment. Expanding the use of nuclear power has the potential to make a significant dent in emissions of carbon dioxide, the most commonly produced greenhouse gas. And Energy Secretary Stephen Chu has made nuclear power an agency priority. ... Facing community resistance, ballooning costs and complaints about a looming radioactive-waste problem, power companies didn't file applications for new plants for more than 25 years", Rebecca Smith at the WSJ, 17 June 2009, link: http://online.wsj.com/article/SB124519618224221033.html.
The potential return of nuclear power to the US also bodes well for uranium's price. Disclosure: I hold some uranium exploration company shares.