Nuclear Power 2010 Program

<p>The "Nuclear Power 2010 Program" was launched in 2002 by President George W. Bush, 13 months after the beginning of <a href="/facts/Presidency_of_George_W._Bush/n3TPjCeF">his presidency</a>, 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 this date was not met.
</p><p>In March 2017, the leading nuclear-plant maker, <a href="/facts/Westinghouse_Electric_Company/sVQIoyB4">Westinghouse Electric Company</a>, filed for bankruptcy due to losing over US$9 billion in construction losses from working on two nuclear plants. This loss was partly caused by safety concerns due to the <a href="/facts/Fukushima_Daiichi_nuclear_disaster/E74heuvS">Fukushima disaster</a>, Germany's <a href="/facts/Energiewende_in_Germany/PITk6Tu7">Energiewende</a>, the growth of solar and wind power, and low <a href="/facts/Natural_gas_prices/VQMR4Pel">natural gas prices</a>.
</p>

Nuclear Power 2010 Program open-in-new

Nuclear Power 2010 Program