At a time when federal budgets are tight and new investments in energy infrastructure take a decade or more to approve, we should take every opportunity to lower artificial barriers to investment caused by poorly-directed federal regulation. This proposition is true for nearly any industry, but especially so for nuclear power, which has been suffering two decades of increasingly inflexible regulation that threatens to undermine the industry just as a new generation of safer reactor technology arrives.
Nuclear power has been part of the U.S. electrical grid for seven decades and has routinely produced about 20 percent of the country’s total electricity. But current regulation concerning the nuclear power industry is misdirected, which threatens not only industry jobs, but also America’s role in countering nuclear weapons-proliferation.
[Click here to read the rest of the op-ed over at the Hill]
Image credit: Daniel Prudek