ABSTRACT
Continued expansion of nuclear power, although of modest dimensions, appears to be politically acceptable in Washington. The decision is based in large part on the belief that adequate uranium supplies exist for satisfying lifetime fuel needs for over 600 Light Water Reactors , eliminating the need to reprocess spent reactor fuel and develop breeder reactors. The primary requirement for continued expansion of uranium development is the need for a responsive and responsible regulatory climate--one which encompasses federal, state, and local agencies, all necessarily involved in the decision processes. Until utilities can project the time required to obtain construction permits with reasonable accuracy, and have that time be roughly compatible with that for coal-fired plants, they will continue their reluctance to "go nuclear." From the standpoint of the fuel cycle industry, uranium exploration is operating in a "bullish" mode. But mines and mills will have a common burden--acquiring financing from the private sector.
