Stop the Nuclear Tax Bailout -- End the “Nuclear Renaissance”
Georgia Power, SCANA, and Westinghouse are begging Congress to rush through a bill (HR 1551) that would NOT ONLY eliminate the 2020 expiration date, but give $2.6 billion in federal tax credits to tax-exempt state utilities and cooperatives that are 50% co-owners of the new reactors.
The bill would allow the non-profit utilities to transfer the credits to the for-profit utilities and Westinghouse.
The House of Representatives passed HR 1551 through last week, and Senate Majority Leader McConnell is pushing for a Senate vote this week, before the American public can find out about it. And President Trump has already said he will sign the bill.
The whole scheme amounts to a $5 billion bailout to four dirty, dangerous reactors – using a new and still-unproven design – that have already had major construction and manufacturing problems.