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To: lucysmom
“Are you suggesting the reason the private sector doesn't invest in new plant construction without tax payer money and guarantees is that for the last 30 years its been predicting “President Hussein Obama” who would come along and shut them down?”

Having worked in the nuclear industry for ~ 20 years and having participated in the design of 15 of the current 103 nuclear power plant, I have yet to see significant government subsidies for nuk plants. It is the US government's REGULATION not its subsidies that is the problem.

The socialist French government led the nuclear industry forward while the US government impeded nuclear development in the US. The US government totally controls the supply and price of enriched uranium and all the unpredictable regulation. After the Three Mile Island incident, the Nuclear Regulatory Commission basically shut donw the industry. No new plant since 1979 has been ordered. The private sector is afraid to invest in nuclear because of the uncertainty of the US government regulation and the rising construction costs in general.

The US government loves to subsidize ethanol for fuel, but not the nuclear industry.

32 posted on 05/11/2008 4:46:21 PM PDT by TRY ONE (NUKE the unborn gay whales!)
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To: TRY ONE
The US government loves to subsidize ethanol for fuel, but not the nuclear industry.

The farm lobby spends perfectly good money for those subsidies and the nuclear industry is catching on.

Nuclear industry perks in the Energy Policy Act of 2005 were spotlighted when President Bush signed the bill at Sandia National Lab in Domenci's home state of New Mexico. With his signature, billions in federal assistance flowed from Bush’s pen into the nuclear “renaissance,” including:
* $3 billion in research subsidies.
* More than $3 billion in construction subsidies for new nuclear power plants.
* Nearly $6 billion in operating tax credits.
* More than $1 billion in subsidies to decommission old plants.
* A 20-year extension of liability caps for accidents at nuclear plants.
* Federal loan guarantees for the construction of new power plants.

A billion here, a billion there, and pretty soon we're talking about real money.

Construction of California's Diablo Canyon plant was estimated at $320 million, but ended up costing $5 billion over the original estimate and was 13 years late in completion (1985), so perhaps government subsides compared to costs are modest after all. (I hope Diablo Canyon wasn't one of your projects)

33 posted on 05/12/2008 11:27:25 PM PDT by lucysmom
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