Thursday, 25 April 2013

Role of politics and nuclear energy

A good read: Role of politics and nuclear energy: "Only two months after his inauguration on that freezing day in Washington, $2.25m was released to fund cutting edge nuclear research at US universities, and eight months before election day $450m was pledged for the support of small modular reactors (SMR) to be directed at engineering, design certification and licensing for up to two SMR designs over five years, subject to Congress’ approval.
Sandwiched in between was the $8.3bn in federal loan guarantees in 2010 to contribute to the funding of Southern Company’s new reactors at the Vogle site in Georgia, with the first one projected to be in operation in 2016, ironically at the end of Obama’s time in office.
Southern Company executives are insistent that the loan guarantees alongside benefits up to $2bn in the form of savings from recovering financing costs during construction, production tax credits, lower-than-forecast interest rates and commodity prices, are the reason why their customers can see the potential in units 3 and 4 at the site. "

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