Larry Kudlow on Sam Bodman and the Bush Energy Policy

Larry Kudlow, a former economic advisor to President Reagan, gives his appraisal of the new Energy Secretary and the energy policy he's being asked to implement:

Energy Secretary Sam Bodman, has been put in place to implement Bush policies for greater nuclear energy use (along with clean coal, a free trade national electricity grid, and foreign coordination of liquid natural gas). Mr. Bodman is a former chemical engineering scientist who taught at MIT. He was also a venture capitalist. Even more, he was the chief operating officer of the super-sized Fidelity mutual fund company.

This is a guy who will quietly manage the US effort to break out of the current OPEC-reliant paradigm and shift to the development of a multiplicity of new energy sources. The Exelon utility company has just gotten an early site permit for nuclear power, and Duke Power has nearly completed its combined operating license permit, including a pre-approved reactor design.

UPDATE: One note I just got from a colleague said we should clarify how far Duke is along in its plans -- click here for the details that Duke Power Chief Nuclear Officer Brew Barron revealed during his speech at the February Platts Nuclear Conference. As for Exelon, they have only applied for an ESP and the NRC public hearing on the Environmental Impact Statement (which is a part of the ESP review) is on April 21st.

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