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US Energy Department Offers Incentives to Build More Nuclear Plants

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.