WASHINGTON—President Bush today announced that Samuel Bodman, deputy secretary of the U.S. Department of the Treasury, is being nominated to serve as Secretary of Energy, succeeding Spencer Abraham. The following is the statement of Joe F. Colvin, president and chief executive officer of the Nuclear Energy Institute, in response to this morning’s announcement:
“Nuclear power is the United States’ largest source of emission-free electricity, and fits perfectly President Bush’s criteria as a reliable, safe and affordable electricity source to help secure our nation’s energy future.
“We congratulate Deputy Secretary Bodman on his nomination. We are greatly encouraged that the President has chosen an accomplished individual who clearly understands the vital role that dependable, affordable energy plays in fostering economic growth and improving quality of life for every American.
“Given his extensive experience, Mr. Bodman understands the need for the federal government to send appropriate signals to the private sector that it values the large capital investments that are urgently needed in the nation’s energy infrastructure. Only days ago, the National Commission on Energy Policy concluded that nuclear power should ‘continue to play a meaningful role in meeting future energy needs,’ and it recommended that federal financial incentives be expanded equitably to all non-emitting energy sources to help address national and global air quality and climate concerns.
“The Department of Energy has a tremendous opportunity in the years ahead to advance U.S. interests with a strong nuclear energy component – in ways that include partnering with industry on new nuclear power plant deployment and making substantial progress toward opening the nation’s used nuclear fuel repository at Yucca Mountain, Nevada.
“The industry looks forward to working with Secretary Bodman to maximize nuclear energy’s role in achieving the nation’s clean air goals and advancing its economic well-being and national security interests.”
The Nuclear Energy Institute is the nuclear energy industry’s policy organization. This news release and additional information about nuclear energy are available on NEI’s Internet site at http://www.nei.org.