Comanche Peak Nuclear Power Plant in Glen Rose IN the News- Feds Spending YOUR money to help TXUSomervell County Salon-Glen Rose, Rainbow, Nemo, Glass....Texas


Comanche Peak Nuclear Power Plant in Glen Rose IN the News- Feds Spending YOUR money to help TXU

19 January 2007 at 3:43:50 PM

Not too much of a surprise but the federal government is giving tax credits to companies who can step on each other to be the first ones to build nuclear power plants. Our tax dollars are being pumped in to attract investors, ie, "Look, the US Government is willing to spend tax money to build the nuclear power plants, won't you private investors join us to make a profit?"

The problem is, as with Comanche Peak, that it was projected to cost $1 billion dollars when it started, and years later it turned out to be ELEVEN billion dollars.

Energy companies want to build 30 more nuclear power plants- TXU wants six of them to be in Texas (Comanche Peak will have two)

Bond agencies are warning private investors that they will put their credit ratings at risk if they join in.

So my question is, Why is the FEDERAL GOVERNMENT doing this, then? Why are we subsidizing nuclear power plants? If money is to be spent, why not on actually CLEAN energy, like solar or wind?

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1 - joe   20 Jan 2007 @ 12:40:43 PM 

Remember the vote a few years ago where they limited the liability for nuclear accidents to 10 billion? I thanks to Chet Edwards for helping republicans pass this bill so no matter what happens they have limited liability. This is the reason...they had to get the liability to a known before they would throw money at it. The reason they want this instead of solar or wind...anybody could put up a windmill or solar...not anybody can do nuclear. It's the almighty energy nipple they want us sucking on for eternity!

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2 - salon   20 Jan 2007 @ 12:47:15 PM 

Here's what was written on Somervell County Salon at the time... which Chet Edwards, as you say, voted for. Notice again this part

Subtitle A, Section 603—Maximum Assessment
Ostensibly increases the total liability of nuclear operators in the event of an accident from $63 million to $95.8 million, but the Nuclear Regulatory Commission already revised its Price-Anderson regulations to this amount on August 4, 2003. Increases the annual liability cap from $10 million to $15 million.  A 1982 federally-funded study, known as CRAC-2, by Sandia National Laboratory estimated that damages from a severe nuclear accident could run as high as $314 billion – or more than $600 billion in 2004 dollars.

Subtitle A, Section 604—Department of Energy Liability Limit
Sets the total liability limit of the federal government at $10 billion (with inflation adjustments) per incident, including covering the legal costs of the DOE contractor. Current law does not set a cap on the government’s liability.

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