Congressional Budget Office report on government’s loan guarantee program for new reactor construction. Concludes that government is understating risks to taxpayers.
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180+ Organizations urge Congressional appropriators to end nuclear loan program. Letter. Press release.
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New public opinion poll finds that 70% of North Carolina oppose a utility plan to increase electric rates to pay for new nuclear reactor construction (also know as CWIP, or Construction Work in Progress). Press release. Poll data.
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Important new report from Union of Concerned Scientists. First-ever comprehensive look at taxpayer subsidies for nuclear power, historical and current. Among the report’s conclusions are that “in some cases it would have cost taxpayers less to simply buy kilowatts on the open market and give them away.”
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Why nuclear loan guarantees are more imprudent than ever. New economic analysis by Marc Cooper of Vermont Law School.
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After Calvert Cliffs Collapse: Two remaining top loan guarantee applicants seen as untenable. South Texas Project and V.C. Summer Reactor Trapped by Same “Powerful Undertow” of Unfavorable Economics, Cheap Natural Gas, Slumping Demand and Runaway Construction Costs That Caused the Collapse of Calvert Cliffs-3. Press release from 10/14/10 press conference.
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Southern Company expected to accept nuclear loan “guarantee” Friday, June 18; Groups alert journalists to under-reported issues surrounding nuclear loans and the Vogtle reactor project.
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