Wednesday, July 19, 2017
Stop the Nuclear Tax Bailout -- End the “Nuclear Renaissance” | NIRS
The nuclear industry is trying to ram through another multi-billion-dollar bailout to keep the fantasy/nightmare of nuclear power alive. This time, through Congress. Stopping this bill (HR 1551) could end the so-called “Nuclear Renaissance” once and for all.
Utilities in Georgia and South Carolina are building four new reactors that are all billions of dollars over budget and years behind schedule. The problems were predicted before the utilities broke ground, but the extent of their failure is truly remarkable. The reactors are less than half-way built and have already bankrupted Westinghouse, the largest builder of reactors in the world – proving that nuclear power is a failed technology with no future.
HR 1551 would try to ensure these reactors get built by guaranteeing them $5.2 billion in federal tax breaks that are scheduled to expire in 2020. Because of the massive construction delays in building the reactors, none of them are expected to be online before then.
Please contact your Senators today and tell them to vote "NO" on HR 1551.