*Revival of the Hunt for Subsidies*-What Nuclear Power Plants REALLY areSomervell County Salon-Glen Rose, Rainbow, Nemo, Glass....Texas


*Revival of the Hunt for Subsidies*-What Nuclear Power Plants REALLY are

30 October 2007 at 1:06:47 PM

or shall we call them corporate welfare handouts at the expense of taxpayers.

But the 2005 Energy Act drastically changed the landscape and reduced the economic risk. So would some kind of tax on carbon dioxide, which the United States is increasingly likely to impose. Carbon dioxide is a global warming-causing pollutant emitted by most power plants but not nuclear.

The 2005 Energy Act offers roughly $13 billion in tax breaks and incentives as well as federal loan guarantees for 80 percent of the cost of new reactors and $2 billion in risk insurance to pay for construction or permitting delays for the first six reactors. And a new energy bill that passed both houses, but is caught in conference between the two, would increase the loan guarantees.

"This is not a revival of nuclear power, but the revival of the hunt for subsidies," said Geoffrey H. Fettus, senior project attorney at the Natural Resources Defense Council, an environmental action organization.

Not only is nuclear power hugely expensive and only *apparently* feasible now because WE are paying out subsidies to corporations, but look at what it provides.

104 nuclear plants operating in the United States, providing about a quarter of its energy.

Only a quarter of the energy. How about the companies that think they want to put in nuclear power plants pony up their OWN money? Oh, they don't want to do THAT because then it would put the risk on their company shareholders instead of on you and me.

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