"Loan Program May Stir Nuclear Industry"

"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.

The guarantees were authorized in a bill passed by Congress in 2005."

Matthew L. Wald reports for the New York Times December 23, 2009.

Source: NYTimes, 12/24/2009