PRESIDENT GEORGE W. BUSH Message Board

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Politics : PRESIDENT GEORGE W. BUSH

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To: willcousa who wrote (305213)	10/7/2002 4:00:12 PM
From: DuckTapeSunroof	of 769667

Not according to the Department of Energy. It's study shows that nuclear power for electricity is economically uncompetitive with other technologies, even after 50 years of federal subsidies and the taxpayers picking up all the disaster insurance liabilities.... As the DOE study argues... the only way business will invest in new plant construction is if consumers are forced to buy the higher priced electricity through mandated long-term contracts, and the federal subsidies are increased. When California 'deregulated' it's energy markets they levied $28 Billion of 'stranded costs' onto the backs of the ratepayers... forcing them to pay for over-priced nuclear generated electricity for decades into the future (to keep the utilities from going bankrupt over their investments in unprofitable nuclear plants). In North Carolina, nearly every single municipality in the State would be bankrupt (because of their foolish investment years ago in nuclear power plants which are producing electricity at above market prices) if the legislature hadn't bailed them out by - again - forcing the rate-payers in their service areas to buy the over priced electricity and forbiding them from purchasing widely available and much cheaper electricity from competitive suppliers. ---- It's one big pork fest.

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