Final Rule
August 4, 2006
Energy Secretary Bodman Announces Federal Risk Insurance for Nuclear Power Plants and Touts Robust Economy
ATLANTA, GA – After touring Georgia Power and speaking to its employees, U.S. Department of Energy (DOE) Secretary Samuel W. Bodman today announced completion of the final rule that establishes the process for utility companies building the next six new nuclear power plants in the United States to qualify for a portion of $2 billion in federal risk insurance. The rule will be available on DOE's web site soon. "Providing federal risk insurance is an important step in speeding the nuclear renaissance in this country," Secretary Bodman said. "Companies that take risks and enter the market first after a 30-year hiatus should not be penalized by hold-ups that are not their fault. This risk insurance protects them against bureaucratic and legal issues that delay their start-up." more ...
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