Nuclear Power 2010 Program

The "Nuclear Power 2010 Program" was launched in 2002 by President George W. Bush in 2002, 13 months after the beginning of his presidency, in order to restart orders for nuclear power reactors in the U.S. by providing subsidies for a handful of Generation III+ demonstration plants. The expectation was that these plants would come online by 2010, but it was not met.

In March 2017, the leading nuclear-plant maker, Westinghouse Electric Company, filed for bankruptcy due to losing over $9 billion in construction losses from working on two nuclear plants. This loss was partly caused by safety concerns due to the Fukushima disaster, Germany's Energiewende, the growth of solar and wind power, and low natural gas prices.[1]

  1. ^ Gough, Paul (May 18, 2012). "Westinghouse cuts 200 employees". American City Business Journals. Retrieved April 15, 2014.