DOE To Open $226M In Small Nuclear Plant Funding

Law360, New York (March 12, 2013, 2:50 PM EDT) -- The U.S. Energy Department said Monday that it would offer an estimated $226 million to help private companies develop small nuclear power plants that will start operating in the next 12 years.

The agency is dipping into a fund set up last year to extend more cost-sharing opportunities to companies looking to design and build small modular reactors, advanced nuclear units about the third the size of normal power plants.

The announcement comes about five months after the Energy Department agreed to provide financing for up...
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