Yet another article talking about the comback for the nuclear power industry in today's Washington Post. The industry that brought you the most expensive way to boil water wants another chance. Just guess who they want to help pay for it? Hola sucker taxpayers! Here are some of the money quotes:
"The nuclear industry has been lobbying Congress to expand it to $50 billion or more. A Senate appropriations bill would remove the ceiling altogether. "
"For each nuclear plant seeking federal approval before the end of 2008, the act provides tax credits of up to $125 million for eight years, loan guarantees for up to 80 percent of a plant's cost, shared application costs and insurance that would cover the costs of regulatory delay.
Nuclear plants also receive other subsidies, including local tax breaks and limits on liability for catastrophic accidents. "
"Even if every plant could get loan guarantees for 80 percent of its cost, Crane said, projects would each require more than $1 billion in equity. "That's a lot of money at risk,"
Risk you say? Have anyone who is even thinking about a nuclear power comeback read the THE MEMO?
No comments:
Post a Comment