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Exxon barred from Iraqi oil, gas auction
WASHINGTON, Aug. 30 (UPI) -- The new head of the U.S. Nuclear Regulatory Commission says the NRC should be able to review license applications for new plants in less than 42 months.
That's how long it currently takes to process an application for a license, Dale Klein said Wednesday at a Platts Energy Podium in Washington.
Klein said he believed the licensing process should not take almost as long to complete as plant construction. The nuclear industry estimates a new reactor could be built in 48 months.
"I believe we can accelerate the process after we go through the first few, with no compromise on safety," Klein said of the application process.
The NRC has received indications from 16 entities, representing a potential 27 new units, that they intend to apply to the commission for permission to build and operate new plants, Klein said.
Interest in building nuclear facilities has risen as concerns over global warming have intensified.
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Colombia's energy industry is heading toward a price fall because of oversupply of electricity, which could bodes ill for the expanding power generation sector.
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The first international version of Raytheon's APY-10 maritime surveillance radar is to be installated on a P-8I patrol aircraft being built for the Indian navy.
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Compared to whites, greater shares of both black and Hispanic young adults say owning their own home is among their top priorities. While 25 percent of blacks and 26 percent of Hispanics say owning a home is of the highest importance in their lives,...
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President Barack Obama has revealed a budget that, once again, will give the Republican party a chance to show that vitriol is more fun than compromise.
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