U.S. Takes First Step in Nuclear Power's New Era

Filed under: Southern Company (SO)

Tuesday was an important day in the nation's journey back toward energy independence, as President Barack Obama announced the approval of $8.3 billion in loan guarantees to help the Southern Co. (SO) build a nuclear power plant in Georgia.



The Obama administration has made a large increase nuclear power a top priority in its energy policy, in an effort to play catch-up for the decades lost without a coherent energy policy and without the wholesale development of the proven and innovative nuclear technology. Incredibly, no new nuclear plants have been licensed in the United States since 1979.

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U.S. Takes First Step in Nuclear Power's New Era originally appeared on BloggingStocks on Tue, 16 Feb 2010 19:30:00 EST. Please see our terms for use of feeds.

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