Policymakers Interested in Small Scale Nuclear Reactors
June 15, 2015
Small modular reactors have attracted the attention of lawmakers.
• Small modular reactors have attracted the attention of lawmakers. These reactors are less than 300 megawatts in capacity and proponents say the reactors could bring the benefits of nuclear power but with a lower cost. Federal officials are now considering and preparing for a future in which these small nuclear reactors become a key piece of the U.S.’s energy policy. [The Hill]
• House Democrats voted down the Trade Adjustment Assistance (TAA) proposal last week, dealing a fatal blow to the fast-track legislation. A majority from both parties voted to sink the package in the 126-302 vote despite a plea from the President. Under the procedure established for considering the trade package, TAA had been packaged with fast-track authority, and a vote against either doomed the total package. [The Hill]
Economic Indicators & News
• U.S. industrial production declined in May. Output of U.S. manufacturers, utilities and mines fell a seasonally adjusted 0.2% from April. And capacity utilization fell to 78.1%. The April reading was revised to a 0.5% decline. [WSJ]
• The U.S. producer-price index for final demand rose 0.5% in May. The price increase was the largest gain since September 2012. Producer energy prices rose 5.9% in May, and food prices increased 0.8%. Notably, chicken egg prices skyrocketed 56.4%, the biggest increase since 1937. [Bloomberg]