Word: aec
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...bomb dropped on Hiroshima, physicists and businessmen have been promising that peaceful and cheap nuclear electricity was just around the corner. The corner has been tough to turn. Early estimates of cost and efficiency were overly optimistic; private utilities were wary in spite of $1.3 billion spent on AEC research and generous Government fuel-cost waivers and reimbursements for design work. But now the corner has been rounded, and commercial nuclear power has gone critical...
Electrical companies can build on this scale because they are pooling more power over longer interconnecting lines. At the same time, the AEC has encouraged experimentation on reactors that would be bigger and better than current ones that use water to transfer their heat. General Dynamics is working on a reactor that transfers its heat by gases; North American Aviation is experimenting with a sodium-graphite reactor; Babcock & Wilcox is developing a heavy-water reactor...
...pure physics. Chicago no longer has Fermi, Urey or Libby, but it does have the Enrico Fermi Institute and the off-campus Argonne National Laboratory, which it runs for the AEC on a $79 million budget (paid by AEC), compared with $68 million for the university itself. To help fill the Midwest gap in research and defense contracts. Beadle counts on a new 12.5 billion-volt synchrotron at Argonne to lure physicists. Last month NASA began building a new space lab adjoining the Fermi Institute...
Dean Ford characterized the final contract provisions as "irritating," but said they represent a definite improvement over the "intolerable limitations" originally demanded by the AEC...
Although the Accelerator--which began operating last March--is run jointly by Harvard and M.I.T., it is located on Harvard land and the University handled all negotiations with the AEC...