Tuesday, September 19, 2006

Nuclear Plant Shutdowns

Peak Oil News:
An analysis of nuclear reactors by a safety group has found that they are prone to costly, lengthy shutdowns for safety problems regardless of their age or the experience of their managers. The finding could have implications for companies considering building new reactors.

That's not deterring builders:
The United States has offered billions of dollars in incentives to jump start investment in new nuclear power reactors, creating a race for the cash among potential builders.

With a federal law allowing builders to save hundreds of millions of dollars in debt financing costs by borrowing money at low rates, several companies are preparing applications to build the next generation of reactors.