Federal Loans for Nuclear Power Draw Concerns

With the Obama administration pledging $54.5 billion for nuclear power development, concerns about safety and taxpayer liability are growing, Mother Jones reports.

The Nuclear Regulatory Commission in October found problems with the design for a weather guard that would go into seven new nuclear reactors. The designer, Westinghouse, plans to submit a new plan. Whether the first of the reactor projects, in Burke County, Ga., will receive a loan guarantee from the Department of Energy is conditional upon the NRC’s approval.

Mother Jones examines rampant cost overruns in recent nuclear power projects and says that “if the project ever gets off the ground, there are plenty of red flags signaling that it’s a very bad investment for taxpayers.”

Print Print  

Like what we're doing? We'd appreciate your support.

Leave a comment