Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Politics : Politics for Pros- moderated -- Ignore unavailable to you. Want to Upgrade?

To: LindyBill who wrote (211350)	7/9/2007 2:47:06 PM
From: Triffin	Read Replies (1) \| Respond to of 793958

LB .. From a GE press release today .. "No new nuclear plants are likely to begin operation in the United States until 2015 at the earliest, said Andy White, president and CEO of GE-Hitachi Nuclear Energy, which focuses on nuclear business outside Japan. "This is not going to be 10 to 20 plants overnight," White said, noting that GE's nuclear revenues are growing by about 10 percent per year. "This is going to be two or three per year from a U.S. perspective and then maybe one or two overseas." While nuclear power has re-attracted the attention of many in Washington and the industry, an open question remains whether the U.S. public is ready for new plants, GE officials acknowledged. While the nuclear plants do not release significant quantities of carbon dioxide, they do produce radioactive waste that is dangerous to people and must be safely stored for long periods of time. Immelt said the factor that would most boost demand for nuclear plants in the United States would be the imposition of a tax or fee system to reduce carbon dioxide emissions. "We're not naive about how this changes over time," said Immelt. "It's hard to believe simultaneously in energy security and reduction in greenhouse gas emissions without believing in nuclear power. It's just intellectually dishonest." Triff ..