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Small nuclear reactors pose a financial danger to municipalities – Utah Taxpayers Association

“……….The Utah Taxpayers Association doesn’t have a stance on nuclear energy, but it opposes the possible financial risks to municipalities involved in the project, said Vice President Rusty Cannon.

“We don’t think these municipal power companies should be acting as seed investors essentially,” he said.

Cannon said his organization, which has led opposition to the initiative in Utah, is concerned that the costs of a ballooning nuclear test run will be tossed onto the Utah cities investing in the project, or more broadly, onto taxpayers.

“We understand that these municipal power companies need to plan for baseload power in the long term,” he said. “We just feel like if this project is going to succeed, it should be funded by private money.”

The criticisms from the association’s webpage call on citizens to urge their elected officials to withdraw from the project, and Cannon said quite a few have. The association evokes a string of failed or heavily delayed nuclear power projects across the country…….

“………..As the project seeks more subscribers, Webb said UAMPS is hyperaware that failure of the project could have widespread repercussions.

“This does represent the next generation of nuclear,” Webb said. “Many, many people are watching it very carefully because if this project isn’t successful then it does set back new nuclear.” From NevadaCurrent, 30 Oct 20,  Two Nevada towns among those betting on ‘new nuclear’

October 31, 2020 - Posted by | general

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