Support for Nuclear Development in the Proposed Federal Budget

Although the new proposed Federal budget is clearly only at it’s earliest stages of formation, we were pleased to see that in the President’s proposal funding for nuclear development is seen as a key priority. As noted at GigaOM:

“The government wants to promote nuclear power in a big way, and the DOE wants to be able to offer $36 billion in loan guarantees which, combined with its existing ability to provide $18.5 billion in loan guarantees for nuclear, would be able to fund six to eight nuclear power projects.”

We hope that this is one area that can see bipartisan support as the different sides in the budget process work their way towards a final plan.