Slashdot Mirror
US Panel Extends Nuclear Power Tax Credit (thehill.com)
Slashdot reader mdsolar quotes The Hill:
The House Ways and Means Committee voted Wednesday to remove a key deadline for a nuclear power plant tax credit... The credit was first enacted in 2005 to spur construction of new nuclear plants, but it has gone completely unused because no new plants have come online since then...
It would likely benefit two reactors under construction at Southern Co.'s Vogtle Electric Generating Plant in Georgia and another two at Virgil C. Summer Nuclear Generating Station in South Carolina. Both projects are at risk of missing the 2020 deadline... "When Congress passed the 2005 act, it could not have contemplated the effort it would take to get a nuclear plant designed and licensed," said representative Tom Rice (R-S.C.).
Although one Democrat criticized the extension by arguing that nuclear power "does better in a socialist economy than in a capitalist one, because nuclear energy prefers to have the public do the cleanup, do the insurance, cover all of the losses and it only wants the profits."
It would likely benefit two reactors under construction at Southern Co.'s Vogtle Electric Generating Plant in Georgia and another two at Virgil C. Summer Nuclear Generating Station in South Carolina. Both projects are at risk of missing the 2020 deadline... "When Congress passed the 2005 act, it could not have contemplated the effort it would take to get a nuclear plant designed and licensed," said representative Tom Rice (R-S.C.).
Although one Democrat criticized the extension by arguing that nuclear power "does better in a socialist economy than in a capitalist one, because nuclear energy prefers to have the public do the cleanup, do the insurance, cover all of the losses and it only wants the profits."
I don't like Nuclear because America doesn't have the balls to properly regulate and punish businessmen who flaunt safety.
Nuclear power is the most tightly regulated industry in the US by far. And the history of penalties and added oversight to poorer performers, and fines and even jail sentences for violations of the law is pretty clear. I guess you just haven't looked for that information.
The NRC has public meetings almost every day. You are welcome to join and learn.
The nuclear industry has never asked for not having a regulator. But nice way to quote something that was never said. That's the kind of stuff we have come to expect from the anti-nuke lobby.