Experts: No Good Candidates Exist For Current Nuclear Reactor Loan Guarantee Bailout Funds, Much Less Tripled Amount Under Obama Budget Plan
February 3, 2010
WASHINGTON, D.C. What if the federal government held a beauty contest for taxpayer-backed nuclear reactor loan guarantee bailouts ... and no reactor project "beauties" could be lined up for the runway?
According to experts from around the United States, that is precisely the situation the U.S. Department of Energy (DOE) faces today with the extraordinarily weak crop of four reactor project candidates vying for loan-guarantee bailouts. The four proposed projects at the top of the list for $18.5 billion in federal bailout support are: the Southern Company's Vogtle reactors in Georgia (widely believed to be the current front runner); the NRG reactor project in Texas; the VC Summer reactors in South Carolina; and the Calvert Cliffs reactor in Maryland. Read more...
Plans for 2 new nuclear reactors appear to be in jeopardy
January 30, 2010
Texas' prospects for leading the nuclear power renaissance turned bleak Friday.
The chief executive of NRG Energy, Texas' second-largest power generator, said he's willing to drop plans to build two new reactors in South Texas if the company cannot come to a favorable agreement with San Antonio utility CPS Energy.
A court ruling on Friday could allow the partners to continue to negotiate, but after months of soap-opera intrigue, rumors and finger-pointing between the companies, it's unclear whether they can work together.
NRG could find itself scrambling for another investor and hoping to find one in time to win federal loan guarantees that could be handed out any day. The lack of an investor or loan guarantee would kill the nukes. Read more...
San Antonio Citizens' Toolkit
Learn more about how San Antonio citizens can get involved in the decision to expand South Texas Project's nuclear reactors.
Tell the Mayor and your City Council member why you oppose the proposed expansion at South Texas Project and to vote against it.
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Mayor Julian Castro
(210) 207-7060, MayorJulianCastro@sanantonio.gov - District 1 Mary Alice P. Cisneros
(210) 207-7279, district1@sanantonio.gov - District 2 Ivy R. Taylor
(210) 207-7278, district2@sanantonio.gov - District 3 Jennifer V. Ramos
(210) 207-7064, district3@sanantonio.gov - District 4 Philip A. Cortez
(210) 207-7281, district4@sanantonio.gov - District 5 David Medina, Jr.
(210) 207-7043, district5@sanantonio.gov - District 6 Ray Lopez
(210) 207-7065, district6@sanantonio.gov - District 7 Justin Rodriguez
(210) 207-7044,district7@sanantonio.gov - District 8 W. Reed Williams
(210) 207-7086, district8@sanantonio.gov - District 9 Elisa Chan
(210) 207-7325, district9@sanantonio.gov - District 10 John G. Clamp
(210) 207-7276,district10@sanantonio.gov
