The Wall Street Journal reports that four power companies are expected to split $18.5 billion in federal financing to build the next generation of nuclear reactors, one of which is Southern Co. (SO). The companies would start building the reactors as early as 2011, with the plants expected to come online by 2015 or 2016.
The report describes this federal financing as “the biggest step in three decades to revive the U.S. nuclear industry and one that could vault the utilities ahead of some of the sector’s strongest players.”
New nuclear-utility builds is also good news for Curtiss-Wright (CW) who makes the pumps for nuclear-generating plants and companies that make nuclear reactors like General Electric (GE).
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Peter J. Lazaroff
Wednesday, June 17, 2009
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