Posted on 06/17/2009 5:37:56 AM PDT by shove_it
Four power companies are expected to split $18.5 billion in federal financing to build the next generation of nuclear reactors -- the biggest step in three decades to revive the U.S. nuclear industry and one that could vault the utilities ahead of some of the sector's strongest players.
UniStar Nuclear Energy, NRG Energy Inc., Scana Corp and Southern Co. are expected to share a set of loan guarantees to be awarded by the Energy Department. The guarantees would enable the companies to start building the reactors as early as 2011, with the plants likely to come online by 2015 or 2016.
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(Excerpt) Read more at online.wsj.com ...
If these four utilities were NOT selected as the result of competitive bids, then the energy department (which only represents a WASTE of energy, they don't produce any) has violated federal procurement requirements that they solicit competitive bids.
But, I'm sure that zero knows that!
/sarc
Check their campaign contributions!!!
hh
Doesn't ACORN get more than that in outright grants?
Didn't we p!ss away 3 times that in the last couple of months on the auto bailouts?
Didn't we send that much money to Hamas for “building materials?”
I swear we nickle and dime the important stuff.
Ah, another Dem cha-CHING moment!!
The nuclear power industry needs to be revived only because the environmentalists killed it.
Let’s hope these nuclear plants get constructed on time because by 2015 most of us will be shivering or sweating in the dark waiting for the windmills to power up.
Why is the federal government giving out loan guarantees for this? If nuclear power is cost-effective, there should be private money to finance this.
The government needs to get out of the way and cut the red tape, and then let the free market decide what should be built where.
They won't even be out of the permit process by 2015.
The reason for the guarantees is also govt regulation. Nobody trusts the govt not to change the regulations on nuc and delay or derail the projects..as happened in the past.
Who will invest when the Govt and state govt has always delayed or destroyed the project?
We will need to by-pass free market principals to save the free market economy. - GWBush
Southern Co. gave about $1.1 million in 2008, 69% of which went to Republican candidates. The other companies don't show up in my cursory search.
... pretty much useless.
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