Could a TVA-style Fed Corp model be the answer to America’s ongoing nuclear waste dilemma? A bill sponsored by the new Senate Energy Committee chairman proposes to create just such a corporation. Constellation’s Henry (Brew) Barron discusses the proposal — and its prospects for enactment in the current political environment.
Waste Isolation Pilot Project
No one needs to tell the readers of PUBLIC UTILITIES FORTNIGHTLY about the technical, economic, regulatory, and institutional obstacle course facing the nuclear power industry. All you need do is look around to see an industry struggling to live up to expectations. Some would term the nuclear outlook "grim:"
• No economic incentives to build new nuclear plants.
• No new plant orders in the United States (a modest complement of foreign orders)
• Precious few attempts to renew operating licenses; even fewer succeed.