Nuclear Energy Industry Sees Bright Future With Energy Policy Act Of 2005

Washington, D.C. — The following is a statement by Skip Bowman, president and chief executive officer at the Nuclear Energy Institute, on President Bush's signing of the Energy Policy Act of 2005. Bowman represented the nuclear energy industry at the signing ceremony, held at Sandia National Laboratory in New Mexico.

"It was a privilege and an honor to witness the historic signing of the Energy Policy Act of 2005 by President Bush. The nuclear energy industry commends the president for the vision and leadership he demonstrated to arrive at this momentous occasion. Equally important was the cooperation among Senators Pete Domenici and Jeff Bingaman and Congressmen Joe Barton and John Dingell, along with their leadership and that of other members of Congress who crafted and endorsed this crucial legislation. Their bipartisan effort will help establish future energy supplies that are more secure, affordable and reliable.

"The legislation includes provisions that will enhance America's energy diversity. In addition, by supporting conservation, energy efficiency, new energy production and urgently needed investment in our energy infrastructure, the Energy Policy Act of 2005 will lead the nation toward economic prosperity, greater security and even more environmentally friendly sources of energy.

"With the limited investment incentives for new nuclear power plant construction, authorization for nuclear energy research and development and other provisions, the law positions the United States to continue its global leadership role in addressing the energy needs of the 21st century.

"It is now time for the industry, government, consumers and other groups to work together to ensure adequate energy supply for our future. As a result of this legislation we have many of the tools necessary to move forward to new nuclear power plant construction in this country, along with pursuing the potential for the hydrogen economy, protecting our security though enhanced non-proliferation policies, and contributing to better public health and our environment by limiting air emissions."

SOURCE: Nuclear Energy Institute