
BACKGROUND The so-called "nuclear renaissance" appears to meltdown before our eyes as 19 of 27 announced new nuclear reactors are cancelled or tabled in favor of efficiency and alternatives. A few utilities still have designs on the promised tax-funded bailouts for new nuclear reactors. With the 2011 budget, President Obama and Secretary of Energy Steven Chu have now given their support to tax-funded loan guarantees for new reactors.
Southern Co.'s Vogtle reactors in Georgia are first in line for the tax-funded loan guarantees. Besides the obvious socialism involved with bailing out the privately owned electricity giant, the reactors proposed are the ill-fated Westinghouse AP1000 design, just sent back to the drawing board for at least one year for serious safety concerns by the U.S. Nuclear Regulatory Commission over its flimsy design for the shield building.
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Breakthrough study by IEER proves we can get off coal, oil and nuclear by 2040