Wednesday, May 23, 2007

U.K. Plans $39 Billion Energy Market Reshape to Encourage Nuclear Power

(Bloomberg) -- The U.K. will today press ahead with
plans to spur investment of 20 billion pounds ($39 billion) in
electric generation plants, discouraging utilities that burn
fossil fuels and promoting nuclear and wind power.

Trade and Industry Secretary Alistair Darling will say he'll
begin looking at nuclear reactor designs and discuss measures
that may raise the cost of carbon emissions from coal- and gas-
fired units, a spokesperson for his department said. He will
speak to Parliament at 12:30 p.m. London time.


Read more at Bloomberg Energy News

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