The First U.S. Nuke Since Three Mile Island

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The First U.S. Nuke Since Three Mile Island By Nick Hodge | Friday, February 10th, 2012 Without attracting much attention, the nuclear and uranium market is quietly gaining steam. Last month, a federal court quietly yet sternly prevented the state of Vermont from closing the Vermont Yankee nuclear reactor owned by Entergy (NYSE: ETR). You see, Vermont wanted to shut down the nuclear reactor when its license expires in March. But the Feds made clear that Vermont — or any state, for that matter — is in no position to make decisions about nuclear plant operation, sending a bullish nuclear message in the process. It ruled safety concerns and plant life fall solely under the jurisdiction of the Nuclear Regulatory Commission, which has already granted a 20-year license extension to the Vermont Yankee nuclear plant. The New York Times noted: “The ruling is almost certain to be appealed by the state and an array of private groups... ” But that's kind of the point here... Advertisement Buy this Stock Now for $0.22! Meet the company that just saved the nuclear industry... Click here now! The federal government is saying even with resistance from states and interest groups, nuclear energy is too vital to the mix to be wantonly dismissed. In this case, the Yankee reactor generates more than 70% of the electricity generated in Vermont, with no way to replace that generation readily accessible. The decision is good for the nuclear industry — and its investors — because it sets a precedent for similar situations, like the Indian Point debate currently brewing in New York. Georgia on Its Mind Weeks after the federal court ruled the NRC has jurisdiction over plant safety, operational life, and contracts, the commission is out with favorable rulings for two reactors at Southern Co.'s (NYSE: SO) Plant Vogtle in Georgia. This story has been a long time in the making. Two years ago I told you Obama awarded $8.3 billion in loan guarantees to help get this plant built. And now, for the first time in more than three decades, the NRC will approve the construction of a new nuclear power plant — two of them, in this case. They are the first to be approved since Three Mile Island. Together, the two Westinghouse AP 1000 reactors will cost $14 billion and generate 2200 MW, enough to power one million homes. One would come online in 2016 and the other a year later. In addition to these two plants, applications have been filed to build 22 new reactors in the United States. Fueling the Resurgence Of the 24 applications that have been filed, here's how the type of planned reactor breaks down: Westinghouse AP1000 - 12 Units Areva EPR - 4 Units GE (ESBWR & ABWR) - 6 Units Mitsubishi Heavy Industry US-APWR - 2 Units That's just in the United States. Elsewhere in the world, 475 reactors are either planned or proposed. Advertisement It's Real Simple... Nuclear will provide 25% of India's Power by 2050 And this is the company that can make it happen... — Click Here — And as I've been telling you, supplying all those reactors with uranium is creating a major investment opportunity. One company I've been following is capitalizing on this opportunity for itself and its shareholders. It's developed a patented fuel that instantly makes power plants operate up to 25% to 50% more efficiently, saving billions upon billions of dollars in annual operating costs.   And because it absorbs more heat and extracts more nuclear energy, this additive can help prevent any Chernobyl- or Fukushima-like accidents from ever happening again, while also reducing the radioactive life of spent uranium. The fuel has such promise that GE and Westinghouse have already signed on and are currently evaluating the fuel for commercial use. The company that owns the technology is trading for less than $0.20. But it won't stay there for long, once testing is completed and these new reactors are built... Which is why I went to check out the company so you could see it for yourself. I have no doubt this is one of the best ways to play a nuclear resurgence. You can see my personal footage of the company's facilities here. Call it like you see it, Nick Hodge @nickchodge on Twitter Nick is an editor of Energy & Capital and the Investment Director of the thousands-strong stock advisory, Alternative Energy Speculator. Co-author of the best-selling book Investing in Renewable Energy: Making Money on Green Chip Stocks, his insights have been shared on news programs and in magazines and newspapers around the world. For more on Nick, take a look at his editor's page.   Related Articles U.S. Begs for More Nuclear Iran's Nuclear Intentions Prompt Israeli Response The Nuclear Industry Lives NRC Issues Areva License for Uranium Plant From the Archives... An Industry Revolution or a Commercial Flop? 2012-02-08 - Brianna Panzica A Town For Those Who Just Can't Take It Anymore 2012-02-08 - Nathan Holl Posts $7.7 Billion Profit 2012-02-08 - Stephanie Ginter Has Become Political Issue 2012-02-08 - Nick Hodge Let the Energy Footrace Begin 2012-02-07 - Keith Kohl

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