Edwin admits to Elizabeth that being able to bill customers years before project completion makes Georgia and South Carolina prime candidates for nuclear.
Elizabeth does a guest appearance on her friend Ophelia’s interview show, and says the U.S. decision to promote nuclear energy to various Middle East regimes “may ultimately be regarded as one of history’s most imprudent acts.”
Nigel asks his “French connection” about construction problems on the first new reactor job in Finland, and triggers an emotional outpouring of excuses.
Nigel describes the widely varying status of the 66 nuclear plants said to be “under construction” and reports that nearly 60% of them are in just three countries: China, India and Russia.
Nigel combines Moody’s notorious assessment of nuclear investments with the lyrical philosophy of Lil Wayne to introduce the Nuclear Socialism New World Order.
Correspondents Elizabeth and Nigel discuss the unpopularity of Obama’s 2012 budget proposal of $36 billion in government loan guarantees for new nuclear plants.
