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NRC OKs Georgia Nuclear Reactors — First in Generation

by on February 9, 2012

Why does the fed gov’t have to offer loan guarantees? Running a program is either cost effective or it’s not. Is this going to be another Solyndra with toxic waste? What do the taxpayers get in return? Will we have an ownership stake and receive dividends?

The Nuclear Regulatory Commission voted 4-1 to allow Atlanta-based Southern Co. to build and operate two new nuclear power reactors at its existing Vogtle nuclear power plant in Georgia. The units will cost Southern and partners about $14 billion and enter service as soon as 2016 and 2017.

NRC Chairman Gregory Jaczko cast an extraordinary dissenting vote, citing the Fukushima nuclear disaster in Japan in March 2011, which spurred the NRC to review whether existing and new U.S. reactors could withstand natural disasters like earthquakes and floods.

“I cannot support issuing this license as if Fukushima never happened.” Jaczko said. “I believe it requires some type of binding commitment that the Fukushima enhancements that are currently projected and currently planned to be made would be made before the operation of the facility.”

The Obama administration has offered Southern and its partners $8.3 billion in federal loan guarantees as an incentive.

http://www.newsmax.com/Newsfront/Nuclear-Power-reactors-NRC/2012/02/09/id/428958

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