Oct. 22 - Loan Guarantees for New Nuclear Reactors Put Taxpayers at Great Risk and Should Not Be Issued by Department of Energy

Groups from Maryland Ally with 3 other States with Reactors Up for Loan Guarantees to Speak Out in Opposition; DOE Liberalization of Rules Would Expose Taxpayers to Billions of Dollars in New Defaults

Taxpayers will be put at significant new risk for billions of dollars if the U.S. Department of Energy (DOE) moves ahead in the coming days and weeks to issue its first set of controversial taxpayer-backed, conditional loan guarantees for new nuclear reactors, according to 18 national and state-level public interest groups from Maryland, Georgia, Texas and South Carolina. In a joint statement issued today, the groups called on DOE to put the issuance of loan guarantees on hold given the unacceptable financial risks placed on the taxpayer, the poor track record of the DOE with past loan guarantees and the lack of transparency in the loan guarantee decision-making process.

Read full release, here. 

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