House passes nuclear bill

From The Norman Transcript:

Legislation that would streamline the review process for nuclear power plants was passed by the Oklahoma House Thursday night, but opponents said the guidelines would protect utility stockholders while exposing ratepayers to the huge financial risks posed by nuclear plants.

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“If Oklahoma is going to remain on the energy forefront globally, we must continue to diversify our portfolio to include sources that exist or can be created locally, including nuclear power,” said the measure’s author, Rep. Scott Martin, R-Norman.

The plan comes 26 years after Public Service Company of Oklahoma proposed the Black Fox nuclear power plant near Inola in eastern Oklahoma. The company abandoned the project after a nine-year battle with opponents.

Another other things, the measure establishes a review process for the Oklahoma Corporation Commission to consider nuclear power proposals and creates a task force to consider tax changes that would encourage construction of a plant in Oklahoma.

Read the rest.

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