Reports: Obama wants expanded nuclear loan guarantees

Sponsored by

Washington, D.C., January 29, 2010 — President Barack Obama will request tripling the amount of loan guarantees for new nuclear power plants to more than $54 billion, according to media reports.

Obama called for new government investment in the energy sector in his second State of the Union speech Wednesday, mentioning the need for more nuclear power plants prominently.

In the past, the president and Energy Secretary Stephen Chu have been reserved in their mentions of nuclear power, frequently expressing concern over the problem of long-term storage for the most hazardous forms of waste produced from nuclear power generation.

“To create more of these clean energy jobs, we need more production, more efficiency, more incentives,” Obama said in the address. “That means building a new generation of safe, clean nuclear power plants in this country.”

According to reports, the Department of Energy is planning to form a panel to address the problem of storing nuclear waste.

The department will add $36 billion in funding for its 2011 budget for nuclear plant loan guarantees. There is $18.5 billion already approved for this program in 2011. The nuclear loan guarantee program began in 2005 to foster the further growth of the country’s nuclear fleet.

Nuclear power plants generate about 20 percent of the country’s electricity supply. There are 104 nuclear power plants licensed to operate in the U.S.

In March, 2009, the Nuclear Regulatory Commission received applications to build 26 new nuclear power reactors, with six reactors ordered.

 

Sponsored by

CURRENT ARTICLES

India NIWE Wind Vortex

Vortex’s wind forecasting tool to be deployed in India

06/30/2015 Wind modeling specialist Vortex has partnered with India’s National Institute of Wind Energy (NIWE) to enhance wind foreca...
substation ABB Qatar Saudi Arabia

ABB wins $85 million order in Qatar

06/30/2015 ABB won an order worth around $85 million to provide turnkey substations to help integrate electricity from a new independ...

Justices rule against EPA power plant mercury limits

06/29/2015

The Supreme Court says that the EPA overreached.

Basin Electric wins international employer of the year award

06/29/2015 Basin Electric previously received the international award in 2005 and the Dakotas Chapter 72 Employer of the Year Award i...

Duke Energy to excavate 12 more coal ash basins in North Carolina

06/29/2015

The material would be safely reused in lined structural fills or permanently disposed in lined landfills.

Building Energy to build 2 solar photovoltaic plants in Egypt

06/29/2015 The $200 million project was awarded by the New & Renewable Energy Authority of the Ministry of Electricity & Rene...

CG bags 2 electricity networks orders in Philippines

06/29/2015 The scope of work for both projects includes design, manufacture, supply, construction and installation and commissioning ...
FEATURED ENERGY JOBS
View more Job Listings >>

INDUSTRY STOCKS

ON DEMAND WEBCASTS

Solar + Storage: Capturing Opportunities and Overcoming Challenges

The convergence of solar and energy storage applications is under way. The combined application o...

Storage Enters the Global Stage: What’s the value proposition for your region?

For electricity storage, the events of the last two years have shown that the skepticism around t...

How to deploy mobile forms + devices to speed up field service processes & reporting

Overcoming the pain points associated with any process is much simpler and more cost effective th...

Beyond Integration: Three Dynamics Reshaping Renewables and the Grid

In a unique industry research initiative, DNV GL gathered views from over 1,600 energy sector par...

Engaging the Small and Mid-sized Business (SMB) Marketplace

This session will outline how Duke Energy leveraged Voice of Customer insights, previous experien...

EL&P BUYER'S GUIDE PRODUCTS

Decontamination & Decommissioning

Decommissioning strategy development, cost estimates, plant modifications; system and building decontamination; RV segmentation; large component re...

Cavitation Peening

AREVA developed its innovative solution for asset management, significantly extending the life of reactor components. Cavitation Peening is a perma...

Nuclear Horizontal Modular Storage (NUHOMS®)

AREVA TN’s NRC-licensed NUHOMS® system ensures the highest safety and lowest dose performance. With no tipping, tripping and sliding, you have the...

ATRIUM™ 11 for BWR Fuel

ATRIUM™ 11 design fuel – in operation since 2012 – provides significantly lower fuel rod power levels for power uprate margins, operational flexib...

POWERGRID PRODUCT LISTINGS

EtherMate® Industrial Ethernet - IO Modules

LioN-M ProfiNet device with 16 digital I/O channels, channels can be used universally as inputs or outputs, M12 socket, ro...

OFL280 FlexTester - Handheld OTDR

AFL's OFL280 FlexTester offers an unmatched combination of fiber test functions, ease-of-use, portability, and value.

ADSS Mini-Span® Fiber Optic Cable

AFL Mini-Span® All-Dielectric Self-Supporting (ADSS) cable is designed for outside plant aerial and duct applications in l...

TRM® 2.0 - Test Results Manager PC Analysis and Reporting

Test Results Manager 2.0 (TRM® 2.0) is an all-in-one analysis, viewer and reporting tool designed for use with NOYES fiber...

POWERGRID International

May 2015
Volume 20, Issue 5
1505pg_C1

ELECTRIC LIGHT & POWER

April 2015
Volume 93, Issue 2
1503ELP_C1