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How Washington Cripples The Energy Industry – Forbes.com

Energy Outlook 2009

Forbes.com Joshua Zumbrun 10.01.08, – “……………………….Creating energy is a particularly cash-intensive business. And for no sector more so than nuclear power. The costs of building a single nuclear reactor could run over $5 billion. Building such a plant (even assuming that loan markets are normal) requires a great deal of faith in a stable energy policy. Proponents of nuclear power say construction of new plants would likely require the extension of a federal loan guarantee program, also created by the 2005 energy act, that’s set to expire in 2009………………………………”.

Tags: October1, 2008

October 2, 2008 - Posted by Christina Macpherson | business and costs

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