To Advertise On Our Website Click Here

TURNING JAPANESE? Tokyo Electric to buy 9.2% of South Texas nuclear project

One of the most common criticisms of the Nuclear Renaissance these days is that “we can’t afford it.”  “Wall Street won’t invest,” the argument goes. “It’s too risky and expensive. That’s why it needs government help.”

But there’s a third option that naysayers never consider but is shaping up to be the answer. Foreign countries will invest. That’s what happened this week in Texas.

Tokyo Electric Company – an electric utility, not a nuclear construction company – invested $125 million for a 9.2 percent share of the South Texas project in which Nuclear Innovation North America, a consortium headed by NRG Energy of Princeton, N.J.

The 1,350-megawatt reactor is already being built by Toshiba, which has inherited the Westinghouse nuclear franchise. Tokyo Electric had been offering technical assistance and decided to take a share – an unusual move by American standards. Imagine Southern California Edison taking a share in a reactor in Japan!  They’ve got enough trouble already building useless renewable energy projects to satisfy deluded California politicians.

The deal is both good news and bad news for the American nuclear effort. The good news is foreign countries will provide the needed capital. It wouldn’t be surprising to see Middle Eastern sovereign wealth companies investing soon. This is the way we built the railroads in the early 1800s, mostly with European capital.

The bad news is the U.S. failure to develop nuclear power has put us back where we were in 1820 – a relatively undeveloped country that needs foreign assistance to build its infrastructure. It could be worse. It could be we aren’t building anything at all.

Read more at Business Week

William Tucker

Tags: , , , , , , ,

No Responses to “TURNING JAPANESE? Tokyo Electric to buy 9.2% of South Texas nuclear project”

  1. Gilbert Arenas Says:

    good post, added you to my RSS reader. Greetings from DC 🙂

  2. Send Text Message Says:

    good post, added you to my RSS reader.

  3. ultrasound technician Says:

    It’s feasible to learn how to become an ultrasonographer (ultrasound technician schools) and turn out to become a specialist inside a fascinating wellness therapy discipline, with health-related ultrasound instruction.ultrasound technician schools are made to create and provide long term health treatment technicians with certification and connect degrees within the sector.Training involves understanding numerous health-related imaging methods which will help in diagnosing an in any other case hidden health treatment ailment. Although it is just like x-ray know-how, ultrasonography is utilised for viewing soft tissue, this kind of as veins, muscle tissue, the heart, and fetuses within the womb.

  4. buy phentermine Says:

    How is it that just anybody can write a blog and get as popular as this? Its not like youve said anything incredibly impressive –more like youve painted a pretty picture over an issue that you know nothing about! I dont want to sound mean, here. But do you really think that you can get away with adding some pretty pictures and not really say anything?

  5. 800 credit card debt Says:

    Heya admin. I have a small request. I was just searching for some information on the topic you wrote and found this weblog. Some truly cool stuff you got here. Can I please share this post on my new web site I’m workin on? Please:). I will check back again later to see how you responded. Thanks

  6. phentermine online consultation Says:

    Pretty good post. I just stumbled upon your blog and wanted to say that I have really enyed reading your blog posts. Any way I’ll be subscribing to your feed and I hope you post again soon…

  7. phentermine Says:

    What theme are you utilizing on your site ? I really like the layout. Thank you for the posting.

  8. buy phentermine online Says:

    Hello! I just would like to give a huge thumbs up for the great info you have here on this post. I will be coming back to your blog for more soon.

  9. phentermine online Says:

    Useful information shared I’m really pleased to see this particular post..thanks for providing people wonderful tips.Great walk-through. I truly appreciate this post.

  10. buy phentermine online Says:

    Brilliant stuff, man! What you have to say is really important and Im glad you took the time to share it. What you said really spoke to me and I hope that I can learn more about this. Thanks for sharing your opinion. I am yet to find anything as enlightening as this on the web.

  11. adipex Says:

    How is it that just anybody can write a blog and get as popular as this? Its not like youve said anything incredibly impressive –more like youve painted a pretty picture over an issue that you know nothing about! I dont want to sound mean, here. But do you really think that you can get away with adding some pretty pictures and not really say anything?

  12. buy phentermine Says:

    I hope you never stop! This is one of the best blogs Ive ever read. Youve got some mad skill here, man. I just hope that you dont lose your style because youre definitely one of the coolest bloggers out there. Please keep it up because the internet needs someone like you spreading the word.

  13. bakugan toys Says:

    There are some interesting points therein clause but I don’t know if I see all of them heart to eye . There is some validness but I will take hold opinion until I look into it further. Good clause, thanks and we want more! Added to FeedBurner also.

  14. buy phentermine online Says:

    Hi, I recently came to your blog and started reading along your articles. I thought I would leave my first comment. I dont know what to say except that I have enjoyed reading your blog. It is a realls nice blog. I will keep visiting this blog very often…

  15. buy phentermine Says:

    Useful information shared..Iam very happy to read this article..thanks for giving us nice info.Fantastic walk-through. I appreciate this post

  16. Owen Holdridge Says:

    Cool Weight

  17. phentermine online Says:

    Im impressed. I dont think Ive met anyone who knows as much about this subject as you do. Youre truly well informed and very intelligent. You wrote something that people could understand and made the subject intriguing for everyone. Really, great blog youve got here.

  18. Lila Bouchaert Says:

    You posted very informative article that for some reason you got my interest to try this out.

  19. Antonio Stellmacher Says:

    Cool News

  20. Richard Lagnese Says:

    Great job together with the info. How did you see it? Please let myself know….

  21. The Tea Party Says:

    Hey really nice blog, I saw your website when I was doing research on possibly how to enhance my blog. I was just now wondering what spam software package you employ for comments as I get a great deal on my blog.

  22. Tyson Vondohlen Says:

    That is indispensable.

  23. sinus infection treatment Says:

    Howdy for a start many thanks for that article Nuclear Town Hall » Blog Archive » TURNING JAPANESE? Tokyo Electric to buy 9.2% of South Texas nuclear project, it was a fantastic read, We aslo happen to entirely agree with you, now for the cheeky part would you tell me exactly where you host your web blog it loads extremely fast for me personally. My existing web hosting service company is dreadful, and has really slow response times, thank you very much.

  24. UFC 123 Live Stream Says:

    Fantastic blog! I dont imagine Ive observed all of the angles of this issue the way youve pointed them out. Youre a correct star, a rock star man. Youve received a good deal to say and know a wonderful deal concerning the topic which i think you need to just teach a class about it..

  25. Bud Mickle Says:

    I can see that you are an expert in this area. I am launching a web site soon, and your information will be very useful for me.. Thanks for all your help and wishing you all the success in your business.

  26. Raleigh LPN Jobs Says:

    Very well written, I’m interested to follow up on your next article.

  27. Catering Boca Raton Says:

    Wowww, the above is well done, how do you come uo\p with such smart post ??

  28. free streaming movies online Says:

    I want to info producing a good publish. I by no means typically comment on weblogs but I felt like I needed to simply because you manufactured holiday seasons a excellent work posting this great information. Thank you and I’ll be back once again!

  29. Coolest games Says:

    Well, nice share,good article,very usefull for me…thanks

  30. kimk video Says:

    you should post more often…

  31. make money from fiverr Says:

    I am sure others will agree, you are doing a great job. If you ever launch your own product, I will be the first one to buy. As you know what you are doing.

  32. michigan depuy Says:

    As a Newbie, I am continuously searching online for articles that can aid me. Thank you

  33. grant money Says:

    I have recently started using the blogengine.net and I having some problems here? in your blog you stated that we need to enable write permissions on the App_Data folder…unfortunately I don’t understand how to enable it.

  34. jessica Says:

    how old is your blog? this is the first time I found it.

  35. Big Savings Plans Says:

    I am about to tell you my brother how I get huge revenue online hourly, u wanna see ?

  36. Eye Secrets Review,Eye Secrets Reviews,Eye Secrets,instant eyelid lifter,eyelid lifter Says:

    I am quite often on the lookout for good blogs recognize the value of. The article a great deal. save your site and

  37. Callie Dillabough Says:

    Thank you for piecing this together – that is a great publish for those of us with our heads buried from the keyboard all day.

  38. Nicki Minaj Says:

    I think that is an interesting point, it made me think a bit. Thanks for sparking my thinking cap. Sometimes I get so much in a rut that I just feel like a record.

  39. Wedding Photography Toronto Says:

    This information really helped me, I am sharing with a few friends.

  40. brokemyi Says:

    i was reading throught some of the posts and i locate them to be altogether interesting. sorry my english is not exaclty the bloody best. would there be anyway to transalte this into my patois, spanish. it would genuinely help me a lot. since i could be on a par with the english interaction to the spanish language.

  41. car repo list Says:

    I had accepted that I would like to have more to say about that.

  42. how to get a guy back after a break up Says:

    some times its a pain in the ass to read what people wrote but this website is real user genial ! .

  43. duck and cover wesley tshirt Says:

    Excellent article, truly appreciate the time you’ve taken when making it.

  44. auto glass repair Says:

    I am using the Opera web browser but your weblog is messed up in it so i use Firefox. Just a headsup.

  45. newegg promo code Says:

    I couldn t agree more! GJ!

    thanxx

  46. Weston Mital Says:

    I besides believe thus, perfectly written post! .

  47. Stretch marks Says:

    I always desired to publish on my web site something like that. I almost always don’t publish comments in blogs however your website made me to, tremendous work.…

  48. make money at home Says:

    You completed certain fine points there. I did a search on the subject matter and found nearly all folks will agree with your blog.

  49. internet marketing program Says:

    Rattling nice layout and excellent subject matter, practically nothing else we want : D.

  50. Lacy Angis Says:

    Could you provide a bit more detail, please?