anything for a buck--Nucular in Fresno?

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Nuclear plant near Fresno planned

http://www.latimes.com/business/la-fi-nuke30-2009dec30,0,493029.story

12/30/2009

A French company and a group of Central Valley investors announced Tuesday that they had signed a letter of intent to build one or two nuclear power plants near Fresno....

Environmentalists were skeptical that the agreement would go anywhere. They point out that California has a 3-decade-old law that bans the construction of nuclear power plants unless the state can certify that the federal government has come up with a plan for the permanent storage of spent nuclear fuel, which is highly radioactive. No such facility exists in the country, and plans to open one at Yucca Mountain in Nevada have been put on hold by the Obama administration.

The California ban doesn't trouble the California investors.

"The law is archaic and will fall by the wayside on its own, in our opinion," Hutson said....

"I would not invest or bet money on nuclear plants being permitted and having a source of financing two years from now," said Jim Metropulos, a senior advocate in Sacramento with the Sierra Club.