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The News That Matters about the Nuclear Industry

USA Republicans – strict standards for solar loans, but easy ones for nuclear

 After Calling Energy Subsidies ‘Wrong,’ Boehner Wants $2 Billion Loan Guarantee For Ohio Nuclear Plant, Think Progress By Pat Garofalo , Oct 28, 2011 Back in September, as the GOP was getting all riled up over the faux Solyndra scandal, House Speaker John Boehner (R-OH) said that “for the federal government to be out there picking one company over another, one type of energy source over another, I think is wrong.” Evidently, though, his attitude toward energy subsidies does not extend to nuclear plants in his home state of Ohio.
As Bloomberg reported today, despite his professed view on energy subsidies, Boehner is backing a $2 billion loan guarantee for an enriching plant run by USEC Inc…..

House Speaker John Boehner attacked the Obama administration for financing failed solar-panel maker Solyndra LLC, saying government shouldn’t pick winners and losers. That hasn’t stopped him from demanding that the U.S. make a winner of a nuclear-fuel plant in Ohio, his home state.

Boehner is backing a $2 billion Energy Department loan guarantee sought by USEC Inc. (USU) for its American Centrifuge Plant in Piketon, Ohio, aimed at enriching uranium for commercial nuclear reactors. [...]…..

Boehner is far from the only Republican using Solyndra to score political points while asking for loan guarantees at the same time. In fact, Republican House members host $11.8 billion in loan guarantees in their districts.

According to Bloomberg, “USEC’s political action committee has given $10,000 to committees supporting Boehner since 2010.” It’s telling that he believes failure to provide a loan guarantee is a betrayal of workers, while pushing budget cuts that cost hundreds of thousands of workerstheir jobs is responsible governance… http://thinkprogress.org/economy/2011/10/28/356141/boehner-loan-guarantee-wrong/

 

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October 31, 2011 - Posted by | politics, USA

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