New reactor projects expected to spur revival of U.S. nuclear energy

Two nuclear-expansion projects in Georgia and South Carolina could secure final license approvals from the Nuclear Regulatory Commission somewhere between this month and March, if reviews go as expected. The construction of the reactors would generate thousands of jobs during construction and hundreds of permanent positions when the units come online between 2016 and 2019. Although the biggest reactor parts have to be manufactured abroad, most of the billion-dollar ventures are sourced in the U.S., said Marvin Fertel, president and CEO of the Nuclear Energy Institute.