(Bloomberg) -- The Biden administration is poised to lend $1.5 billion for what what would be the first restart of a shuttered US nuclear reactor, the latest sign of strengthening federal government support for the atomic industry.Most Read from BloombergTrump Risks Losing More Than Half of Swing-State Voters If Found GuiltyHouse Passes $78 Billion Business, Child Tax Break BillMusk’s $55 Billion Pay Package Voided, Threatening World’s Biggest FortuneDeutsche Bank Details 3,500 Job Cuts as Sewin

How did I miss this? Neither The Freep nor The News mention this item.

The Biden administration is poised to lend $1.5 billion for what what would be the first restart of a shuttered US nuclear reactor, the latest sign of strengthening federal government support for the atomic industry.

[…] More than a dozen reactors have closed since 2013 amid competition from cheaper power from natural gas and renewables, and the Energy Department has warned that as many of half of the nation’s nuclear reactors are at risk of closing due to economic factors.

Holtec [International Corp.] acquired the [Covert Twp, MI] 800-megawatt power plant in 2022 after Entergy Corp. closed it due to financial reasons, but began pushing forward with plans to restart after pleas from Michigan Governor Gretchen Whitmer.

Holtec has said a restart of the reactor is contingent on a federal loan. Without such support, the company has said it would decommission the site.

Have I got this straight? Is this the only way we have to generate the needed electricity without leaning on “dirty” sources? The energy required can’t be fulfilled by existing clean sources?

Nuclear, beside being a clean and abundant source of energy, is also safe, like air travel is safe. Also like air travel, it’s safe…until it isn’t.

  • raoulraoulOPMEnglish
    12·
    5 months ago

    Can you not find an article to sustain your claims that aren’t less than ten years old? “Oh, that newfangled solar is killin’ everybody!”

    Apparently, we’re not gonna see things eye to eye on this one, chief. I do agree “what matters is total deaths over a long time.” What doesn’t matter to you is the rate or the circumstances. To you, 100 deaths over 100 years or 100 minutes is irrelevant. To you, dying from old age or radon poisoning is the same thing. I also agree with “anything non-fossil fuel is two orders of magnitude better, so that is what we should be building.” You just happen to have your geek on for atomic power.

    And I do like big numbers. Unlike you, I love breaking them down into readily digestable amounts of comprehensible information. Ciao.