New U.S. nuclear plant compared to ‘Solyndra’

Published: January 31st, 2013 at 4:59 pm ET
By
Email Article Email Article
12 comments


Title: Georgia nuclear power plant could be Solyndra redux, report says
Source: Christian Science Monitor
Author: Mark Clayton
Date: January 30, 2013

Construction of the first newly licensed US nuclear power plant in decades could become a “Solyndra-like” debacle thanks to billions in federal loan guarantees whose terms appear too weak to protect taxpayers, according to one group’s analysis of internal documents released by the US Department of Energy.

The two-reactor $14 billion Vogtle plant being built in Georgia is seen as a test of the US nuclear industry’s planned “renaissance” [...]

But two Massachusetts-based energy-consulting firms, Earth Track and Synapse Energy Economics, say the $8.3 billion in federal loan guarantees backing the project were crafted with excessively favorable financial terms for the recipient companies, weak federal oversight, and possible political interference in the loan-guarantee process. [...]

See also: CEO of GE says nuclear power "really hard" to defend financially -- "At some point, really, economics rule"

Published: January 31st, 2013 at 4:59 pm ET
By
Email Article Email Article
12 comments

Related Posts

  1. U.S. Nuclear Expert: We are currently experiencing a cyber attack — Email system also compromised February 1, 2013
  2. Fairewinds: Website is under verified DDS attack — Another nuclear expert’s site had similar problems — Both involved with San Onofre issue — “What is the nuke industry hiding?” February 1, 2013
  3. AP: Florida nuclear plant will permanently close — 60 years to decontaminate and dismantle February 5, 2013
  4. Emergency declared at U.S. nuclear plant as ‘Blizzicane’ hits Boston area — Reactor shuts down — Hurricane force windgust at airport February 9, 2013
  5. NPR: Florida nuclear plant shutting down “like a death in the family” (AUDIO) February 14, 2013

12 comments to New U.S. nuclear plant compared to ‘Solyndra’

You must be logged in to post a comment.