An Important Sentence

The New York Times reported today on a little-noticed one-sentence addition to the Senate’s energy bill. The provision could guarantee that builders of nuclear energy plants receive billions of dollars in loan guarantees from the government, and it gives the DOE power to approve an unlimited amount of such loan guarantees for “clean power generation” – including nuclear power.

The cost estimates for such projects are consistently low, and with plans to build as many as 28 nuclear power plants in the next few years, the public may become responsible for tens of billions of dollars in loans.