US to Own Nuclear Reactors Paid for by Japan Investment Fund (1)

The US government plans to buy and own as many as 10 new, large nuclear reactors that could be paid for using Japan’s $550 billion funding pledge, part of a push to meet surging demand for electricity.

The new details of the unusual arrangement were outlined Wednesday by Carl Coe, the Energy Department’s chief of staff, about the non-binding commitment made by Japan in October to fund $550 billion in US projects, including as much as $80 billion for the construction of new reactors made by Westinghouse Electric Co.

“The role of having the government involved in private markets ...