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Gold/Mining/Energy : Uranium Stocks
URNM 63.27+0.3%Jan 9 4:00 PM EST

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From: TheSlowLane7/28/2008 8:18:21 AM
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Small reactors have NRC's attention
July 27, 2008

Chairman Dale Klein says they're part of the "nuclear renaissance." He has some advice for how to deal with their licensing issues.

The drumbeat for a global nuclear renaissance is giving some people a headache and that includes NRC chairman Dale Klein who complained about it at a conference by the same name in Alexandria, VA, last week. While NRC's head honcho is very interested in small reactors, he thinks the bigger picture will take "decades to unroll."

Business is booming at the NRC

Klein led off by telling his audience since 2007 the NRC has received 9 license applications for 15 new plants. He said the agency has been told by various utilities to expect another 11 applications for another 16 reactors by the end of 2009. The agency is under the gun to meet its self-imposed 42-month deadline for reviews of combined construction & operating license (COL) applications. That's 20 new applications and 31 new reactors.

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