Word: aec
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...annual meeting of the Atomic Industrial Forum in Manhattan's Plaza hotel last week, the Atomic Energy Commission hit the uranium business with a hydrogen bomb. Said AEC's Raw Materials Chief Jesse Johnson: "We have arrived at the point where it is no longer in the interest of the Government to expand production of uranium concentrate...
...decision meant that while the U.S. will honor its existing contracts to buy uranium concentrate from mills, it does not intend to sign any new contracts that would appreciably increase production. Thus, after ten years of an all-out program to expand uranium mining. AEC put on the squeeze: any big new uranium discoveries will probably not be able to find a market. But Johnson did leave the door open a bit for the building of mills in hitherto undeveloped regions: "If new contracts are considered, preference will be given to providing a limited market for areas having no present...
NUCLEAR ELECTRICITY for rural co-ops will be slow in coming because of inflation. With costs zooming, American Machine & Foundry backed out of deal with AEC to construct reactor for proposed rural co-op at Elk River, Minn., and Foster Wheeler Corp. withdrew offer to supply reactor for another co-op at Grand Rapids...
...contract, chairman of the Southern Co., vice president and director of the Alabama, Georgia, Gulf and Mississippi Power Companies; of a heart attack; in Manhattan. When the Atomic Energy Commission contracted with Middle South Utilities head Edgar Dixon and Yates to build a plant near Memphis to supply the AEC with power, the deal was bitterly attacked by public power proponents as a scheme to undercut TVA, became a major 1956 campaign issue...
FIRST POWER REACTOR built completely by U.S. private industry has been licensed by AEC to start operating in San Francisco area. The boiling-water reactor, made by General Electric Co., late this year will begin supplying 5,000 kw. (enough to serve a city of 15,000) to Pacific Gas & Electric...