[ RadSafe ] [Nuclear News] Constellation Energy and EDF Form JointVenture for Developing Next-Generation Nuclear Facilities inthe United

[Jeff Terry]

Hi Mike,

The problem is that there are examples to the contrary. For example,
I witnessed (participated) in the Baily Nuclear Plant fiasco, see:
http://www.amazon.com/Bureaucrats-Clients-Geography-Northern- 
University/dp/0890651213/ref=sr_1_6/105-5723324-7707650? 
ie=UTF8&s=books&qid=1185903001&sr=1-6

This project wasn't horribly mismanaged but was clipped by pressure  
from environmental groups.

I wouldn't build a plant without a guarantee. I must admit that I  
protested against this plant in my youth. My mistake and I am still  
sorry about this.
It is too bad that youth is often coupled with stupidity.

Jeff

On Jul 31, 2007, at 12:18 PM, Brennan, Mike (DOH) wrote:

>> From the "Senate bill could help finance U.S. nuclear plants"  
>> article:
>
> Michael Wallace, the co-chief executive of UniStar Nuclear, which  
> seeks
> to build nuclear reactors, and executive vice president of  
> Constellation
> Energy, said: "Without loan guarantees we will not build nuclear power
> plants."
>
> Having witnessed the WPPSS fiasco, I believe that loan guarantees  
> are a
> good thing, provided the CEOs, CFOs, Presidents, and Board of  
> Directors
> of any company taking such guarantees agree to loosing their personal
> wealth, and that of their friends and family that they gave money to,
> and living the rest of their lives in cardboard boxes under freeway
> interchanges, with the more physically fit ones parted out for the  
> organ
> trade, should their company ever default on a loan.
>
> And if it turns out they were culpable, there should be REALLY harsh
> penalties.
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