Bush plans to expand nuclear plants called unrealistic by FPL CEO

[bananas]

http://www.miamiherald.com/business/story/253199.html

Bush plans to expand nuclear plants called unrealistic
FPL CEO Lewis Hay III said costs and public opposition will hinder a U.S. nuclear revival.
Posted on Fri, Sep. 28, 2007

BY EDWARD KLUMP
Bloomberg News Service

FPL Group, owner of nuclear power plants in three U.S. states, said public opposition and daunting costs will prevent the surge in construction of new reactors sought by the Bush administration.

''I think there will be some nuclear plants built,'' said Lewis Hay III, CEO of FPL -- parent company of Florida Power & Light. ``It's just I don't think it's going to be this giant wave that some people are referring to.''

NRG Energy this week filed the first license application to build a U.S. reactor since the partial meltdown at Pennsylvania's Three Mile Island in 1979. U.S. regulators expect applications for 32 new reactors by 2009 as power producers race to win loan guarantees and other government incentives that will go to the first six plants.

FPL said it will propose upgrading reactors to boost output at existing plants in Florida by 2012 and building two new reactors by 2020.

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