Nuclear Power: Our Government’s Got the Industry’s Back
Taxpayers could end up being on the hook for a very large bill.
Subsidies have been very much on the minds of lawmakers of late. The Obama administration failed in its bid to get Congress to withdraw the substantial subsidies we provide to the oil and gas industry. And the New York Times reports that “neither President Obama nor Republicans in Congress have voiced opposition to an expected $8.3 billion Energy Department guarantee to help the Southern Company, a utility giant, build nuclear reactors in Georgia.”
As long as the subject on the Hill is on subsidies, here’s one that might deserve some Congressional attention. This one comes in the guise of the Price-Anderson Act, a