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Even USA’s Right Wing is Worried About Nuclear Loan Guarantees!

The Heritage Foundation Position on Loan Guarantees , The Foundry: Conservative Policy News. 12 March 2010, The Heritage Foundation has not opposed limited loan guarantees (those already authorized under the Energy Policy Act of 2005). ….. Expanding government intervention into capital markets beyond current authorizations would simply distort long-term market integrity. At a minimum, they create taxpayer liabilities, give recipients preferential treatment, and distort capital markets.

Further, depending on how they are structured, they can remove incentives to decrease costs, stifle innovation, suppress private-sector financing solutions, perpetuate regulatory inefficiency, and encourage government dependence.

If the loan guarantee program is to be expanded, it should be conditioned on: ending further loan guarantees, ensuring that recipients pay the full cost of the subsidy, making recipients privately refinance within five years of project completion, limiting guarantees to no more than two plants of any reactor design and limiting two thirds of the loan money to supporting a single technology.

The Debate on Nuclear Loan Guarantees | The Foundry: Conservative Policy News.

March 13, 2010 - Posted by Christina Macpherson | business and costs, USA | antinuclear, nuclear costs, reactor