The U.S. nuclear industry’s prospects looked pretty rosy back in February 2011. Republicans had placed the nuclear “renaissance” at the top of their agenda and introduced legislation to streamline regulatory oversight at the Nuclear Regulatory Commission (NRC). Meanwhile, President Obama’s fiscal year 2012 budget request proposed adding an additional $36 billion in loan guarantees for new reactors, twice as much as the previous program.
A month later, the bloom was off the rose. If low natural gas prices and high construction costs weren’t enough to scuttle the industry’s anticipated renaissance, the March 11 disaster at the Fukushima Daiichi nuclear plant …read more
Source: Huffington Post Green