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News Link • Energy

Predictions Realized: With Taxpayers on the Hook, Cost of US Nuclear Plants Soar

•, Common Dreams staff
 Despite assurances from the nuclear industry that they would not repeat mistakes of the past, the first nuclear reactors being built in the United States in over 30 years are headed toward hundreds of millions of dollars, perhaps more, in cost overruns and years of delays, according to new reports.

Opponents of nuclear power have long argued that in addition to the inherent safety threat of nuclear power, the idea that the nuclear energy is "cheap" has been a bogus claim made by the industry -- a fact they say is proved by the private sector's unwillingness to invest in plant construction without enormous taxpayer-backed loan guarantees and subsidies by state and federal government.

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