Bad news from Britain.
Let’s hope U.S. NRC doesn’t take this as a precedent.

The Telegraph, today,

Chinese companies to buy big stake in next generation of British nuclear power,

George Osborne, the Chancellor, has announced that the UK will allow
Chinese companies to take a stake in British nuclear power plants.

The decision could lead to China taking a future majority
stake—and even be allowed to own up to 100 pc—in the
development of the next generation of British nuclear power.

Mr Osborne made the announcement on Thursday the last day of a
week-long trade visit to China after a visit to Taishan nuclear
power station on the coast near Hong Kong.

Taishan is a collaboration between French energy company EDF and the
China General Nuclear Power Company.

EDF is at the heart of UK Government hopes for developing new
British nuclear capacity. Negotiations on a deal to build a new
plant at Hinkley Point in Somerset have reached the critical stage,
though it does not come under this new majority-stake arrangement.

EDF is the French nuclear company that

supposedly has exited nuclear power in the U.S.,
although

U.S. NRC continues a process that may allow more foreign nuke ownership
including for EDF at Calvert Cliffs in Maryland.

Mr Davey said last weekend that the Government is “extremely
close” to finalising terms for the £14bn programme to build
twin nuclear plants at Hinkley Point, Somerset.

The Government was thought to be on the verge of completing a
heavily-subsidised agreement to revive nuclear power development in
Britain via a deal with state-owned French and Chinese companies.

He insisted there was no direct state aid in the package being
negotiated with EDF and China General Nuclear.

Maybe Brussels will have more sense:

The Government could, however, face difficulties on the subsidy
issue when it seeks clearance from Brussels for the Hinkley deal.

EU regulations bar direct state aid. Moves to relax the rules by
introducing guidelines have been blocked by France, Germany and
other states . The Government hopes the Hinkley deal will provide
the framework for other nuclear power projects under discussion.

Yep, we’re down to depending on Brussells and the NRC.
Pretty sad.
Maybe we should do something about that.

-jsq