NPEC Signs Letter to Congress Opposing Wasteful Loan Guarantee Program

This letter urges Congress not to increase available funding for the Department of Energy Innovation Technology Loan Guarantee program. This program would increase the total nuclear loan program to $27.5 billion to cover four nuclear projects. Loans for nuclear reactors have been found to have a 50% risk of default, a risk that will be borne by the taxpayer. Moreover, providing loan guarantees to financially risky projects that the private sector won’t finance is fiscally reckless and politically unwise.

Dec 08, 2010
Joint Letter on Nuclear Loan Guarantees (PDF) 145.93 KB