Dynamic Wealth Management Headlines: As the World Shuts Down Nuclear Power Plants, Alabama Revives an Old One

http://dynamicwealthmanagementreports.com/2011/06/dynamic-wealth-management-headlines-as-the-world-shuts-down-nuclear-power-plants-alabama-revives-an-old-one/
In the wake of Fukushima, most entities have gone sour on nuclear power, and are trying to eliminate it completely. Countries such as Germany and Switzerland, and U.S. states like Texas and Maryland have pledged to do so in the next couple of decades. And the TVA has plenty of naysayers, such as the Blue Ridge Environmental Defense League director Louis Zeller, who believes restoring the reactor is a waste of time and money.

Mr. Zeller and other skeptics say that beyond the obvious challenges the nuclear industry faces, the Bellefonte 1 project has inescapable flaws. The reactor is too expensive and too antiquated, they contend, and it lies in an earthquake zone.
But the authority is moving forward, estimating that Bellefonte1 could be up and running as early as 2020, half a century after it was conceived. Cost estimates for completing the reactor run $4 billion to $5 billion on top of the $4 billion that has already been invested.