
This is an ongoing action which has been updated in response to the Nuclear Regulatory Commission's premature approval of a license to construct and operate two new nuclear reactors at the Vogtle nuclear site in Georgia without factoring in response to the radiological catastrophe still unfolding in Japan. If you have sent this letter before, the letter has changed and in light of the nuclear reactor approval this week, PLEASE SEND THE LETTER AGAIN!
BACKGROUND On February 9, 2012, the Nuclear Regulatory Commission approved the first new reactors since the 1978 meltdown at Three Mile Island in Pennsylvania. Southern Company has now received the go-ahead to construct two new reactors at the Vogtle site near Augusta, Georgia. President Obama has already promised Southern Company $8.3 billion in tax-funded loan guarantees towards the $14 billion cost of the proposed reactors.
Government loan guarantees have a dismal history with a 50% default rate. Small loan guarantees recently given by the U.S. Department of Energy to fund alternative energies have defaulted already and Representatives Upton (R-MI) and Waxman (D-CA) demanded an audit of DOE's loan guarantees program which is currently under White House review. The White House is expected to finalize its review of the loan guarantees program very soon and make a decision on whether to give Southern Company the coveted $8.3 billion tax-funded loan at a rate of from 0% to .5% interest! Rep. Sensenbrenner (R-WI) is putting pressure on the White House to look very deeply before squandering more of the taxpayers' money. It is important to note that the defaulted loans that launched the investigation were far, far smaller than the nuclear loan guarantee to Southern Company would be.
The horrifying nuclear meltdowns unfolding in Japan underscore the importance of nuclear safety and infallible containment systems which are beyond the limits of human capability. NOW IS OUR TIME to press the point that we do not want nuclear power ...
Please read and edit the message below, and send to President Obama TODAY.
Your message will be sent straight to the President with copies to Secretary of Energy Chu, and Jonathan Silver and David Frantz from the Department of Energy's loan guarantee office as well as copies to Representatives Upton, Waxman and Sensenbrenner.
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