06282016Tue
Last updateMon, 27 Jun 2016 7pm

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U.S. Chooses Four Utilities to Revive Nuclear Industry

Four power companies are expected to split $18.5 billion in federal financing to build the next generation of nuclear reactors -- the biggest step in three decades to revive the U.S. nuclear industry and one that could vault the utilities ahead of some of the sector's strongest players.

 

UniStar Nuclear Energy, NRG Energy Inc., Scana Corp and Southern Co. are expected to share a set of loan guarantees to be awarded by the Energy Department.

 

Source: Wall Street Journal

 

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