Monday, July 9, 2007

Nuclear Cost Proves Prohibitive for Utilities as TVA Drives U.S. Revival

(Bloomberg) -- President George W. Bush plunged into
the cotton fields of northern Alabama last month to fete the
restart of the Tennessee Valley Authority's oldest, most
troubled nuclear reactor after a $1.8 billion renovation.

``We want to start building plants,'' said Bush, whose
administration is promoting loan guarantees and tax breaks to
get the first new U.S. reactors constructed since 1996.


Read more at Bloomberg Exclusive News

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