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Message: Uranium stocks may get a boost- nuclear on Energy Dept's radar

Uranium stocks may get a boost- nuclear on Energy Dept's radar

posted on Dec 26, 2009 08:43AM

Article on nuclear for those U bugs....excerpt and link follows.....looks like government may end up pushing this option via loan guarantees ....

"Thirty years after the American nuclear industry abandoned scores of half-built plants because of soaring costs and operating problems like the Three Mile Island accident, skepticism persists over whether the technology is worth investing in.

Yet the pendulum may be swinging back. The 104 plants now running have sharply raised their output, emboldening utilities across the country to make a case for building new ones.

And the industry is about to get a big boost. In the next few days, the Energy Department plans to announce the first of $18.5 billion in loan guarantees for building new reactors. "

http://www.nytimes.com/2009/12/24/business/energy-environment/24nuke.html?_r=1

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