The New York Times reports that half the $17.5B Congress authorized in loan guarantees back in 2005 has gone unclaimed. Yet Obama is going to add $36B more in guarantees to the budget next year. “Even supporters of the technology doubt that new projects will surface any time soon to replace those that have been all but abandoned.” However:
Mr. Wilmshurst [VP Electric Power Research Institute] said the continued depressed price of natural gas had clouded the economics of new reactors, and he predicted that construction activity would “go quiet” for two to five years. His group has shifted its efforts to helping figure out how existing plants can extend their licenses to 80 years from the current limit of 60.
Just what we need, even older and more fragile plants, NOT!