Nuke plant developers line up for more taxpayer support

[Volunteer]

Because nuclear generated electricity cannot survive without federal dollars dozens of private companies are lining up for some of the $900,000,000 newly available funds for new nuclear plant projects. Applications for these federal monies received by April 23 were from:

Bechtel
BWX Technologies
Duke Energy
Electric Power Research Institute
GE Hitachi Nuclear Energy
American Electric Power
Indiana Michigan Power
Oak Ridge Associated Universities
Sargent & Lundy
Scot Forge
and other utilities and advanced nuclear project developers.

No private utility or developer has broken ground in decades for a nuclear power plant project without government loans, grants, or guarantees, or insurance.

 

[Loulit01]

Because nuclear generated electricity cannot survive without federal dollars dozens of private companies are lining up for some of the $900,000,000 newly available funds for new nuclear plant projects. Applications for these federal monies received by April 23 were from:

Bechtel
BWX Technologies
Duke Energy
Electric Power Research Institute
GE Hitachi Nuclear Energy
American Electric Power
Indiana Michigan Power
Oak Ridge Associated Universities
Sargent & Lundy
Scot Forge
and other utilities and advanced nuclear project developers.

No private utility or developer has broken ground in decades for a nuclear power plant project without government loans, grants, or guarantees, or insurance.

Subsidy Tracker

Subsidy Tracker, produced by the Corporate Research Project of Good Jobs First, is a wide-ranging database on misconduct by large and small corporations throughout the United States.

subsidytracker.goodjobsfirst.org

USAspending.gov

www.usaspending.gov

Welfare for the Well-Off: How Business Subsidies Fleece Taxpayers

Federal subsidies to U.S. businesses now cost American taxpayers nearly $100 billion a year. If all corporate welfare programs were eliminated, Congress would have enough money to entirely eliminate the capital gains tax and the death tax. Alternatively, Congress could cut the personal and...

www.hoover.org

 

[Econ4every1]

Subsidy Tracker

Subsidy Tracker, produced by the Corporate Research Project of Good Jobs First, is a wide-ranging database on misconduct by large and small corporations throughout the United States.

subsidytracker.goodjobsfirst.org

USAspending.gov

www.usaspending.gov

Welfare for the Well-Off: How Business Subsidies Fleece Taxpayers

Federal subsidies to U.S. businesses now cost American taxpayers nearly $100 billion a year. If all corporate welfare programs were eliminated, Congress would have enough money to entirely eliminate the capital gains tax and the death tax. Alternatively, Congress could cut the personal and...

www.hoover.org

Wouldn't be so bad if those companies were required to repay these investments in the form of lower costs or other benefits to the communities they serve, but the fungible nature of money makes that hard to known in any reliable way.

But this is a perfectly good example of why Libertarian ideals of the private sector fail. Some projects are just too big and represent too much risk, but in a global world may be necessary for sustainability, costs, capacity, capability, etc.

Power is not something that should be operated for-profit and expenses should be transparent and measured against other public partnerships.

 

[dmpi]

Energy subsidies are designed to get us off fossil fuels and into more environmental friendly greener energy sources. Is it worth the cost? That's political. To me green is overrated.

 

[longview]

I see Nuclear power as a necessary bridge to our sustainable energy future.
We need a reliable grid so that we can keep advancing, and fossil fuels cannot cover the distance necessary.

 

[Loulit01]

Energy subsidies are designed to get us off fossil fuels and into more environmental friendly greener energy sources. Is it worth the cost? That's political. To me green is overrated.

It's not political. It's an ecological imperative.

 

[roguenuke]

Nuclear power should be heavily invested in and subsidized by the government, so that we can get away from fossil fuels. If we went to nuclear power, we could greatly turn around the country. We need more people trained to operate the reactors and more efficient reactors, new reactors, but the technology is coming forward strongly and should be invested in more.

It shouldn't be for profit, but rather sustained through a hybrid system of government regulation and investment into technology that is able to provide power to everyone at as low a cost as able.

 

[Peter]

The oil and gas industry has had decades of vast tax breaks.