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Taxpayer to take the risk of nuclear plants

Protecting Georgians from Unfair Costs for New Reactors November 24th, 2009 › Clean Energy › Sara Barczak “……………..Historical Boondoggles
In the 1970s and 80s the utility industry made a huge financial mess when they built nuclear reactors. There were construction delays and huge cost overruns; many projects were canceled after spending billions of dollars. The industry blamed their problems on changing regulations but it was Wall Street that stopped the nuclear boom. Some reactor projects came in with massive overruns compared to others……………….

Nuclear Socialism
The main thing the utility industry learned from the last generation of nuclear plants was how to pass risk on to their customers. Plant Vogtle is at the head of the line competing for federal nuclear loan guarantees – billions of taxpayer funds are to back these shaky new reactor proposals. What was never learned but should have been was that the full financial risk of these reactors should belong entirely to the utility that builds them.

CleanEnergy Footprints » Archive » Protecting Georgians from Unfair Costs for New Reactors

November 25, 2009 - Posted by Christina Macpherson | 1, business and costs, USA | antinuclear, nuclear, nuclear costs, nuclear spin, nuclear wastes