How much money are we going to spend on nuclear power under the Obama administration?

2

Answers


  1. 0 Votes

    In the American Recovery and Reinvestment Act, the Senate originally introduced $50 billion in loans for the nuclear industry but that was later removed when the final bill was signed.  The final bill did allocate $2 billion to the Department of Energy to support nuclear research and fusion energy projects.  In February 2010, the Obama administration announced that it will allocate $8.3 billion in loans to build three domestic nuclear reactors.

  2. 0 Votes

    The U.S. Department of Energy last year had the authority to grant $18.5 billion in loans for the construction of new nuclear power plants.  Obama originally proposed a $36 billion increase on top of this number for 2011 – money that would be re-allocated from oil and natural gas subsidies over a 10-year period.  Obviously, these investments will have to be reexamined, given the current public concern over the safety of nuclear power. 

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