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Bush to push for new nuclear power plants, more refineries
| quote: | Bush to push for new nuclear power plants, more refineries
By KEN HERMAN
Cox News Service
Wednesday, April 27, 2005
WASHINGTON — President Bush will offer proposals on Wednesday aimed at increasing domestic energy supplies by building refineries on closed military bases and jump-starting the construction of nuclear power plants, senior administration officials said late Tuesday.
The proposals, to be detailed in a speech at a Small Business Administration conference in Washington, also will include more federal authority over the permitting of liquefied national gas terminals, additional tax credits for fuel-efficient vehicles and what aides called "expanded international cooperation" to promote increased use of nuclear and coal-fueled power around the world.
The Bush proposals come as the nation's economy continues to be threatened by high gas prices. Nothing in the new proposals would have any impact on current prices, White House aides said. Instead, they are targeted at "the root problem of our energy situation," a senior administration official said.
An overview of the proposals was offered during a conference call with Bush aides that the White House would allow to be identified only as senior administration officials.
The package is consistent with Bush's long-held view that government has gotten in the way of the development of infrastructure needed for the United States to reduce its increasing dependence on foreign energy supplies.
Bush wants to get more nuclear power plants on line – none have opened in the U.S. since the early 1990s - by reducing the risk and uncertainty in the licensing process. Included will be a call for the Department of Energy to provide risk insurance to mitigate the additional cost of unforeseen delays, an aide said.
The insurance is seen as a way to help clear the way for construction of new nuclear power plants that are considerably different than the ones built in the 1970s and 1980s and are most susceptible to accidents in the first two years of operation. Bush believes government-backed risk insurance would protect against the kind of regulatory delays that scare off investors.
The nation now has 103 reactors producing power, but there has not been an order for a new plant since the Three Mile Island partial meltdown in 1979. Bush long has been a fan of nuclear power, and used his State of the Union address this year to call for the production of "safe, clean nuclear energy."
The administration also believes economic and regulatory concerns have stalled refinery construction. A Bush aide said energy companies have opted to expand capacity at existing refineries rather than build new ones. Under those constraints, capacity
has increased by only 0.5 percent a year, growth that doesn't come close to keeping up with increasing demand.
The president will call on federal agencies to work with state and federal officials to encourage the building of refineries on closed military bases. Bush aides said details have not been worked out how that would be accomplished, including whether the former bases would be sold to energy companies.
Bush will address the need for additional terminals for liquefied natural gas by urging Congress to give the federal government authority over location selection for those facilities. There are now only four. Thirty-two potential sites have been proposed,
but some are caught up in state and local regulatory battles. A Bush aide said the president wants "certainty in the permitting process" by giving the federal government the final say.
The Federal Energy Regulatory Commission once had that authority, but, according to a Bush aide, legislation approved in 1992 put that authority in question.
The Bush plan also will included tax credits for some diesel vehicles, in addition to hybrid vehicles now eligible for such incentives.
http://www.oxfordpress.com/news/con...85p280RDYNxU14p!-283841684?urac=n&urvf=11146266369190.7723345202014258
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I'm watching his speech now. He really wants to switch the country over to nuclear? Interesting.
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