Should YOUR Tax Dollars Be At Risk to Guarantee Loans for New Nuclear Reactors? NO!  

The nuclear industry is seeking more than $50 billion in loan guarantees in the next two years for the construction of new nuclear power plants in the United States. These loan guarantees would put you – rather than investors – on the hook to pay back the loans should any of the plants default.  According to a May 2003 Congressional Budget Office (CBO) report, the risk of default on loan guarantees for new nuclear plants is “very high – well above 50 percent.” 

In the coming weeks, the Senate and House of Representatives are going to negotiate the differences between the energy bills that they passed over the summer (HR 6 and HR 3221).  While there are some good measures in each of the bills, both bills contain provisions that would eliminate congressional authority over taxpayer-backed loan guarantees for the construction of financially risky energy projects, like nuclear power. 
 
Tell your Senators and Representative that neither Section 124(b) of the Senate bill, nor Sections 9201 and 9202 of the House bill should be part of the final energy report

Please use this letter as a draft and personalize it -- you'll have a greater impact on your elected official).

READ the Loan Guarantee Summary (.pdf format)


January 17, 2018

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