Nuclear Power Finds Tough Competitor In Natural Gas

Law360, New York (January 17, 2012, 6:39 PM EST) -- As the U.S. government moves closer to licensing the first new nuclear power plants in decades, companies planning new nuclear projects will likely find themselves in competition for financing with the booming natural gas sector, attorneys say.

The U.S. Nuclear Regulatory Commission’s recent approval of a new reactor design and advocacy from the Obama administration are opening the door for a new generation of nuclear facilities in the U.S. — the first built since the 1970s.

But nuclear developers face an uphill battle in attracting funding...
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