nuclear-news

New nuclear plant gets $6.5 billion federal loan. Nuclear comeback? Christian Science Monitor,By David J. Unger, Staff writer / February 19, 2014 One of the first new US nuclear projects to be built in decades is getting a multibillion dollar boost from the federal government……”There have been bumps in the road in the short term,” says Steve Kerekes, spokesman for the Washington-based Nuclear Energy Institute, an industry group that advocates for nuclear technology. “Overall, we feel optimistic about the potential for nuclear energy’s growth in this country.” …….

 The $6.5 billion approved for the Vogtle plant and an additional $1.8 billion still under negotiation may be the last of the federal dollars going to nuclear power in the near term.

“Meanwhile, the cost of natural gas, solar and wind power has dropped dramatically,” Edwin Lyman, a senior scientist at the Union of Concerned Scientists, said in a statement. “Put simply, nuclear power – even with all of the federal subsidies it enjoys – has been priced out of the market.”