# Warren Buffett

Bad news for opponents of new American nuclear power plants

If you’re worried about the direction of energy policy under a President Barack Obama, as I am, you will not be comforted by the news I just learned from Bleeding Heartland user Renewable Rich. MidAmerican Energy, which is part of Warren Buffett’s empire, is buying Constellation Energy, which among other things operates nuclear power plants. One of the articles Renewable Rich linked to notes:

This deal also brings nuclear energy to Berkshire’s utility empire for the first time, an area where Buffett has professed great interest. Constellation operates a highly efficient fleet of plants and has plans to build several more. The merger effectively allies Berkshire with French nuclear giant Electricite de France-which owns 10 percent of Constellation-and its nuclear construction partner, French government-backed Areva. The pair has plans to build four advanced reactors in the US, and joining their interests to Buffett’s deep pockets could accelerate their development.

Obama has already said he is open to expanding nuclear power in the U.S., and I’m sure Warren Buffett will have his ear.

This is not good news for those of us who share the position of the Union of Concerned Scientists regarding nuclear power.

Before people start posting angry comments, let me assure you that I understand Obama’s energy policy as a whole would be much better than McCain’s. I still worry about Obama’s support for nuclear power and so-called “clean coal.” Those stands were the main reason that Friends of the Earth Action endorsed John Edwards last fall and not Obama.

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