Feb. 16 - Government Loan for Georgia Nuclear Reactors Is Terrible for Taxpayers – Guarantee Program Should Be Scrapped
Statement of Tyson Slocum, Director, Public Citizen’s Energy Program
Taxpayers are about to take another huge hit. Reports that the Obama administration Tuesday will announce a “conditional” loan guarantee for corporate utility Southern Company to build two new nuclear reactors at its Vogtle site in Georgia will once again put taxpayers on the hook when they can least afford it. In addition, it takes us entirely in the wrong direction. Proven efficiency and renewable energy technologies that can benefit millions of households are more cost-effective public investments than financially risky and uncertified nuclear technology.
Read full release, here.
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