nuclear-news

Taxpayer money only last hope for nuclear industry

PhillyDeals: Going nuclear, with a government guarantee By Joseph N. DiStefano Philadelphia Inquirer | 02/28/2010 “……..When banks don’t volunteer, taxpayers get drafted……… Power plants take years to build, and they’re vulnerable to political delays by critics, who would rather rely on coal or gas, or subsidized sun, wind, and waterpower. Opponents can delay a project for years, costing builders billions…..Big plants suck up billions when they’re being built, but they don’t make any money until they’re done. Imagine buying a house you can’t live in for years. And running into delays that stretch on for more years. And doing it all with borrowed money.

March 2, 2010 - Posted by Christina Macpherson | general