Because geologists have long indicated that fossil fuels will not last indefinitely, the U.S government finally acknowledged that sooner or later other energy sources would be needed and, as a result, turned its attention to nuclear power. It was anticipated that nuclear power plants could supply electricity in such large amounts and so inexpensively that they would be integrated into an economy in which electricity would take over virtually all fuel-generating functions at nominal cost. Thus, ...

Because geologists have long indicated that fossil fuels will not last indefinitely, the U.S government finally acknowledged that sooner or later other energy sources would be needed and, as a result, turned its attention to nuclear power. It was anticipated that nuclear power plants could supply electricity in such large amounts and so inexpensively that they would be integrated into an economy in which electricity would take over virtually all fuel-generating functions at nominal cost. Thus, the government subsidized the promotion of commercial nuclear power plants and authorized their construction by utility companies. In the 1960s and early 1970s, the public accepted the notion of electricity being generated by nuclear power plants in or near residential areas. By 1975, 54 plants were fully operational, supplying 11 percent of the nation’s electricity, and another 167 plants were at various stages of planning and construction. Officials estimated that by 1990 hundreds of plants would be on line, and by the turn of the century as many as 1000 plants would be in working order.

Since 1975, this outlook and this estimation have changed drastically, and many utilizes have cancelled existing orders. In some cases, construction was terminated even after billions of dollars had already been invested. After being completed and licensed at a cost of almost $6 billion, the Shoreham Power Plant on Long Island was turned over to the state of New York to be dismantled without ever having generated electric power. The reason was that residents and state authorities deemed that there was no possibility of evacuating residents from the area should an accident occur.

Just 68 of those plants under way in 1975 have been completed, and another 3 are still under construction. Therefore, it appears that in the mid1990s 124 nuclear power plants in the nation will be in operation, generating about 18 percent of the nation’s electricity, a figure that will undoubtedly decline as relatively outdated plants are shut down

What was initially planned for the nation’s fuel supply in the 1950s and in the early 1960s?