Nuclear power poised for comeback
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The nuclear power incentives in the bill passed by Congress mirror President Bush's 2001 energy blueprint. The bill includes $1.6 billion for research and development of nuclear power, $1.3 billion for a nuclear plant at the federal Idaho National Laboratory to generate hydrogen fuel, and $2 billion in federal insurance to cover construction delays caused by court challenges or anything else outside normal business risks.
The bill also promises up to $5.7 billion in tax credits for the first six reactors to be built and unlimited loan guarantees for up to 80 percent of the cost of those reactors.
"The list of incentives is cradle to grave," said Michele Boyd, legislative director for the energy program at Public Citizen, another nuclear watchdog. "If this isn't enough to build new reactors, there's nothing more the government can do other than build them itself."
The nuclear power incentives in the bill passed by Congress mirror President Bush's 2001 energy blueprint. The bill includes $1.6 billion for research and development of nuclear power, $1.3 billion for a nuclear plant at the federal Idaho National Laboratory to generate hydrogen fuel, and $2 billion in federal insurance to cover construction delays caused by court challenges or anything else outside normal business risks.
The bill also promises up to $5.7 billion in tax credits for the first six reactors to be built and unlimited loan guarantees for up to 80 percent of the cost of those reactors.
"The list of incentives is cradle to grave," said Michele Boyd, legislative director for the energy program at Public Citizen, another nuclear watchdog. "If this isn't enough to build new reactors, there's nothing more the government can do other than build them itself."
posted by Marcel at 10:54 AM
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