Search
JOIN OUR NETWORK

     

     

 

 

ARTICLE ARCHIVE
« U.S. House Subcommittee on Energy & Water Appropriations approves $25 billion in additional nuclear loan guarantees | Main | Why is a rust prone reactor design at risk of catastrophic radioactivity releases getting massive taxpayer loan guarantees?! »
Thursday
Jul152010

Urgent alert: act now to block $25 billion MORE in nuclear loan guarantees on FY2011 Energy and Water Appropriations bill!

Call your U.S. Representative as soon as possible via the U.S. Capitol Switchboard at (202) 224-3121. Urge them to do all they can to block $25 billion in additional nuclear power loan guarantees scheduled to be voted on by the House Appropriations Subcommittee on Energy and Water tomorrow, Thursday, July 15th at 2pm.

Thanks to everyone who, over the past several weeks, responded to our numerous action alerts and contacted their U.S. Representative to "declare independence from a nuclear industry bailout" by urging opposition to the $9 billion in new nuclear loan guarantees snuck onto the Fiscal Year 2010 emergency supplemental spending bill (a bill primarily intended to provide additional funding for the wars in Iraq and Afghanistan, as well as disaster relief). Unfortunately, the House passed the measure late at night on Thursday, July 1st -- ironically, at the 11th hour, as they were rushing to leave town for the 4th of July congressional recess! This happened despite an outcry from national environmental as well as taxpayer groups, and opposition expressed by nine Members of the House -- led by U.S. Representative Donna Edwards (D-MD) -- to the nuclear power industry money grab. This $9 billion represents an "advance" into FY2010 of a part of the $34 billion increase in the nuclear power loan guarantee funding requested by the Obama administration earlier this year. The U.S. Senate has yet to act on the $9 billion "advance" proposal (so call both your U.S. Senators via the Capitol Switchboard and urge that they block it!).

The big stink we raised about that $9 billion "advance" may have led House Appropriations Committee leaders to decide not to include the additional $25 billion in nuclear loan guarantees requested by the Obama administration in the FY2011 Energy and Water Appropriations bill unveiled in late June. But pro-nuclear power Democrats on the Energy and Water Appropriations Subcommittee -- namely Chet Edwards (D-TX), Chaka Fatta (D-PA), and Marion Berry (D-AR) -- made a stink of their own, leading to the postponement of the bill's mark up session in late June. A coalition of environmental groups urged House Appropriators at that time to strip the $25 billion in nuclear loan guarantees from the bill. (Luminant has proposed building new reactors in Edwards' district; Fattah represents Philadelphia, a hometown to Exelon, the largest nuclear utility in the U.S., which hopes to build new reactors; Berry is from the host state to the "Arkansas Nuclear One" twin reactors, owned by Entergy, the second biggest nuclear utility in the U.S., which hopes to build numerous new reactors in the Southeast).

But now the FY2011 Energy and Water Appropriations bill is back on the front burner, and unfortunately does contain the $25 billion in nuclear loan guarantees. The House Appropriations Subcommittee on Energy and Water is scheduled to meet on Thursday, July 14 at 2pm Eastern time to vote on the FY2011 spending bill, including this major increase in nuclear loan guarantees. A dozen national environmental groups wrote House Appropriations Committee Chairman Dave Obey (D-WI) and House Speaker Nancy Pelosi (D-CA) today, urging the $25 billion in nuclear loan guarantees be removed from the bill.

Please call your U.S. Representative right away via the Capitol Switchboard at (202) 224-3121. Urge them to block this pre-emptive bailout to the already heavily subsidized and filthy rich nuclear power industry. If your Member serves on this subcommittee, it is especially vital that you call them. If your Member serves on the full House Appropriations Committee, urge them to weigh in with their colleagues on the subcommittee. And if your Member does not sit on the Appropriations Committee, urge them to protect the American taxpayer by weighing in with their colleagues who do serve on the committee.

You can also track down your House Member's DC fax number to fax in a handwritten letter, or their website to submit a webform or email, via the Library of Congress website. But be sure to act right away!

In February, President Obama himself announced the awarding of $8.3 billion in nuclear loan guarantees for new reactors at the Vogtle nuclear power plant in Georgia. This leaves another $10.2 billion in new reactor loan guarantee funding at the Dept. of Energy, likely poised to be awarded to the new French Areva "Evolutionary Power Reactor" proposed at Calvert Cliffs nuclear power plant in Maryland. In addition, in May the Energy Secretary awarded $2 billion in loan guarantees for a new Areva uranium enrichment facility targeted at Idaho. DOE has committed another $2 billion towards a new uranium enrichment facility proposed by U.S. Enrichment Corp. in Portsmouth, Ohio. This initial $22.5 billion in nuclear loan guarantees was originally appropriated at the end of 2007.

The additional $9 billion approved by the House two weeks ago would likely go towards new reactors at the South Texas Project. The added $25 billion now proposed could go towards yet more new reactors targeted at Summer nuclear power plant in South Carolina -- new reactors that Friends of the Earths' South Carolina organizer Tom Clements has helped lead opposition against. None of these new reactor designs have yet received final design certification from the Nuclear Regulatory Commission, nor construction and operating licenses. In fact, numerous serious design flaws have been documented with the new reactor proposals, as the price tags continue to skyrocket. The Congressional Budget Office has put the financial risk of a default on loan repayment, leaving taxpayers holding the bag, at over 50%. Just two days ago, the U.S. Government Accountability Office reported that the Dept. of Energy loan guarantee program is still flawed, and has inappropriately supported nuclear power over renewables and efficiency. The risks of large-scale radiological releases remain to be seen.

Reader Comments

There are no comments for this journal entry. To create a new comment, use the form below.

PostPost a New Comment

Enter your information below to add a new comment.

My response is on my own website »
Author Email (optional):
Author URL (optional):
Post:
 
Some HTML allowed: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <code> <em> <i> <strike> <strong>