Fukushima's TEPCO in Texas Deal for Nuke Plant, Awaits US Loan Guarantee

By NCD on Sun, 03/20/2011 - 3:13pm |

Since Wall Street won't fund nuclear plants due to the inherent risks, nuclear plants need taxpayer backed loans, this was discussed on Democracy Now.

A planned expansion of a nuclear reactor complex in South Texas includes a big stake in it by TEPCO, the Japanese company that owns the Fukushima plant now near meltdown. TEPCO would be backed by the US government in financing an expansion of the nuclear reactor complex if the project is approved by the Obama administration.

NRG's Knox said earlier this year that "nothing happens" regarding Tepco's commitment to join the South Texas expansion project until DOE has offered the project a conditional loan guarantee. The proposed loan guarantee is being reviewed by the Treasury Department and the White House Office of Management and Budget, he said.

URL:

http://plattsenergyweektv.com/story.aspx?storyid=142237&catid=293