Text Only
Search

 
US Energy Department Offers Incentives to Build More Nuclear Plants

05 August 2006

U.S. Energy Secretary Samuel Bodman says the United States will offer incentives to spur companies to construct six nuclear power plants.

Bodman Friday announced a plan that will provide risk insurance coverage against bureaucratic and legal issues that make construction of the plants more expensive.

The plan would provide up to $500 million in coverage for the first two plants built, and up to $250 million more for the next four plants.

The United States has 103 nuclear power plants in 31 states.  But a new plant has not been built since 1973, and a partial meltdown at Pennsylvania's Three Mile Island plant in 1979 ended plans to construct new ones.

Some information for this report was provided by AP.

emailme.gif E-mail This Article
printerfriendly.gif Print Version

  Related Stories
US Sanctions Seven Foreign Firms for Iran Dealings
Russia Urges Iran to Meet Deadline on Suspending Uranium Enrichment
Job Growth Slows in US, Making It Less Likely Fed Will Raise Interest Rates
German Oil Worker Kidnapped in Nigeria
 
  Top Story
US Army Charges Alleged Fort Hood Shooter with Premeditated Murder

  More Stories
Obama Orders Revisions to Afghan Options
Obama Begins First Presidential Trip to Asia  Audio Clip Available
Obama to Hold Jobs Summit in December   Audio Clip Available
Reports: US Ambassador to Kabul Expresses Caution About More Troops  Audio Clip Available
APEC Ministers say  Economic Recovery is Fragile  Audio Clip Available
Clinton Vows Support for Philippine Typhoon  Recovery, Anti-Terrorism Fight  Audio Clip Available
US Leaders May Interact With Burmese at Singapore Summit  Audio Clip Available
N. Korea Says South Will Pay 'Expensive Price' for Naval Clash
China Rejects Human Rights Watch Report on Black Jails
Thasksin Delivers Speech in Phnom Penh
Sri Lanka Military Chief Resigns  Audio Clip Available
As Alleged Fort Hood Shooter Recovers, New Questions Arise  Video clip available
Pakistan Seeks Role in US-Afghan Policy
Obama's Middle East Strategy Stalls
Zimbabwe Land Seizures Reportedly Intensify  Audio Clip Available
First Recorded Dengue Fever Epidemic Hits Cape Verde  Audio Clip Available
Paisley, Swift Winners at CMA Awards  Audio Clip Available