Trump could ease Saudi nuke plants

The Trump administration is encouraging Saudi Arabia to consider bids by Westinghouse Electric Co. and other U.S. companies to build nuclear reactors in that country and may allow the enrichment of uranium as part of that deal, according to three people familiar with the plans.

Energy Secretary Rick Perry visited Saudi Arabia this month where the projects were discussed, according to two people. The people familiar asked not to be identified discussing the confidential negotiations.

Previous U.S. agreements have prohibited the enrichment and reprocessing of uranium, and that had scuttled negotiations to use U.S. technology in Saudi nuclear projects during the Obama administration. The administration is mulling easing that requirement now as a way to help Westinghouse and other companies win Saudi Arabian contracts, two people said.

A meeting to hammer out details of the nuclear cooperation agreement, known as a 123 Agreement for the section of the U.S. Atomic Energy Act that requires it, will be held at the White House Wednesday, two administration officials said.

A successful U.S. bid would help deliver on President Donald Trump’s promise to revive and revitalize the domestic nuclear industry, helping American companies edge out Russian and Chinese competitors to build new fleets around the world.