NEI Nuclear Notes

Ted Jones The following is a guest post by Ted Jones , Director of International Supplier Relations for NEI. Certain foes of Ex-Im Bank have claimed that it only benefits a handful of companies, and that no one else would notice if Congress allows its charter to expire on September 30. But the economic impact of Ex-Im Bank is far broader than its ideological foes are willing to admit, extending deep into the supply chains of the larger companies. Many of the Bank’s indirect beneficiaries are unaware of its importance to their business. To show the indirect impact of Ex-Im Bank, today we are holding a roundtable discussion with business leaders in North Carolina, where a concentration of the U.S. nuclear supply chain represents a vital part of the state and regional economy. A 2013 study conducted by Clemson University valued the direct and indirect impact of the nuclear supply chain in the Carolinas at $20 billion , employing 29,000 people. Lindsey Crisp, CEO of Carver Mach...

Construction at the Sanmen Nuclear Power Station in China. Earlier this week, the law firm of Pillsbury Winthrop Shaw LLP issued a report concerning the legal and regulatory obstacles that stand in the way of U.S. companies fully capitalizing on the international growth of the nuclear energy industry. From the NEI press release : To the detriment of U.S. national security interests and the economy, U.S. energy companies and manufacturers face impediments in capitalizing on the enormous market opportunities presented by the global growth of nuclear energy, business and industry leaders said today in unveiling a new report on nuclear export challenges . The report comparing nuclear energy trade regimes in five leading supplier nations concludes that “the U.S. export control regime places (U.S. companies) at a serious disadvantage next to their competitors in the international export market.” Following the release of the report, representatives from Pillsbury, NEI, Exelon Gen...