Michele Kearney's Nuclear Wire

Major Energy and Environmental News and Commentary affecting the Nuclear Industry.

Thursday, November 12, 2009

Congress Should Follow Wall Street's Lead And Shun New Reactors

Congress Should Follow Wall Street's Lead And Shun New Reactors
Washington DC (SPX) Nov 12, 2009 - If Congress and the states do not follow the lead of Wall Street in declining to underwrite financially "risky and uneconomic" new nuclear reactors, the resulting taxpayer-backed loan guarantees and other subsidies could pave the way for the same kind of industry-wide meltdown that happened in the 1970s and 1980s, according to a major new study by Dr. Mark Cooper, a senior fellow for economic ... more

http://www.nuclearpowerdaily.com/reports/Congress_Should_Follow_Wall_Street_Lead_And_Shun_New_Reactors_999.html

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