New Energy Bill Allocates Billions For Nuclear Power

Congress is nearing passage of a new energy bill that would authorize $1.5 billion in direct subsidies to the nuclear industry as an aid toward developing the next generation of nuclear reactors for power generation, according to a recent news report.

Billions more would be potentially available to encourage Wall Street investment in new nuclear power plants.

All this effort may be in vain if financing from private and public sources to build new nuclear plants remains unavailable, the report said. However, at least one power plant operator seemed hopeful that it would be the first company to receive a license for a new nuclear plant since the 1970's.

For details, read this news story from the Wall Street Journal via the Portsmouth Herald.