SOURCE: Industrial Info Resources

Industrial Info Resources

November 23, 2010 05:00 ET

U.S. Falling Behind China and Russia in Nuclear Power Plant Renaissance, on Electric TV, an "Industry Today" Webcast on Industrialinfo.com

SUGAR LAND, TX--(Marketwire - November 23, 2010) - Researched by Industrial Info Resources (Sugar Land, Texas) -- After a 30-year hiatus, several utilities are planning to build nuclear capacity in the U.S. During the hiatus, the U.S. and Canada have fallen behind countries like China and Russia in building new nuclear reactors. With the Federal government's recently granted loan guarantee for more than $8 billion for new nuclear reactors in America, the industry is heating up. Owners of the Vogtle and the South Texas Nuclear projects are the first to ink contracts to build new nuclear reactors in America. For example, the Southern Company (NYSE:SO) (Atlanta, Georgia) is building a two-unit expansion at the Vogtle Plant using the NRC-certified Westinghouse AP-1000 reactor.

Should we be building new nuclear reactors in the U.S.? The resounding answer is "yes." In a recent interview on Electric TV, Dr. Patrick Moore, a founder of Greenpeace, debates the pros and cons of developing and constructing new nuclear reactors in North America. Dr. Moore says, "Nuclear plants are the most beneficial form of electricity technology from an economic point of view. They employ more people -- about 2,400 during construction, followed by 400-700 full time jobs after the plant becomes operational. They are expensive to build, but inexpensive to operate, comparable to coal."

Electric TV is produced by the NECA-IBEW partnership. The National Electrical Contractors Association, or NECA, was founded in 1901 and seeks to serve the management interests of electrical contractors in the United States. NECA boasts 119 chapters in all 50 states, four regional offices and a home office in Bethesda, Maryland. NECA maintains its leadership role in the electrical industry through labor relations, training, education, advocacy and research.

The International Brotherhood of Electrical Workers, or IBEW, was founded in 1891 as a means for electrical workers to come together with one voice. Since that time, the IBEW has grown to more than 750,000 members throughout the U.S. and Canada. Through its training, on-the-job skill and professionalism, the IBEW represents the best electricians in the world. The IBEW seeks to organize all electrical workers in the United States into local unions.

Industrial Info Resources (IIR) is the leading provider of global market intelligence specializing in the industrial process, heavy manufacturing and energy markets. IIR's quality-assurance philosophy, the Living Forward Reporting Principle™, provides up-to-the-minute intelligence on what's happening now, while constantly keeping track of future opportunities. For more information send inquiries to powergroup@industrialinfo.com or visit us online at www.industrialinfo.com

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