nuclear-news

Nuclear company cutting back on spending on new reactors

He loves nukes, he really wants to build a couple of new ones, but he still thinks it’s too risky to spend money on them…….

NRG Cuts Nuclear Spending, Says It’s Not Giving Up « The Energy Source – Forbes.com, Jonathon Fahey, 2 Aug 2010, NRG Energy chief executive David Crane’s words couldn’t be more different from his actions. In a conference call with investors this morning he announced the company was cutting spending on the new nuclear reactors he hopes to build down to a trickle.

Yet he also expressed confidence the project would — and should — go ahead. “I am more confident than I have ever been that our project ultimately will be awarded a nuclear loan guarantee from the United States government,” he said…….
In other words: He loves nukes, he really wants to build a couple of new ones, but he still thinks it’s too risky to spend money on them at the moment…….

The Obama Administration has proposed tripling loan guarantees for new nukes and new nuke loan money was almost able to sneak into an unrelated bill earlier this year. It was cut out though, and now the Department of Energy may be holding out for more money so it can award both loan guarantees at once. When that will come, if it ever does, is impossible to say…..

NRG Cuts Nuclear Spending, Says It’s Not Giving Up « The Energy Source – Forbes.com

August 3, 2010 - Posted by Christina Macpherson | general | antinuclear, nuclear, nuclear costs, nuclear spin, nuclear wastes, reactors, uranium