NEI says energy bill gives industry "tools" for new plants

NEI says energy bill gives industry "tools" for new plants

Washington (Platts)--8Aug2005

The Nuclear Energy Institute (NEI) hailed the energy bill as moving the U.S.
toward greater energy independence. NEI's Frank "Skip" Bowman, who witnessed
the bill's signing today in New Mexico, said the measure promised an expansion
of more "environmentally friendly" energy production. Bowman downplayed what
critics called subsidies in the bill. He said that provisions in the
legislation give the industry the "tools" to spur new construction. "With the
limited investment incentives for new nuclear power plant construction,
authorization for nuclear energy research and development and other
provisions, the law positions the United States to continue its global
leadership role in addressing the energy needs of the 21st century," Bowman
said in a statement.

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