Loan Guarantees Shouldn’t Be Winner-Takes-All | AREVA North America: Next Energy Blog


Dan Yurman at Idaho Samizdat reprints an excellent editorial from Sunday’s Idaho Falls Post Register. The long and short of it is that it’s silly to pit one company against another when we’re talking about loan guarantees for future enrichment plants in the US… we need as many as we can get:

There are several idiotic debates under way at the moment — but pitting a uranium-processing plant in Idaho Falls against another proposed in Ohio has to top the list.

Watching the jockeying for $2 billion in federal loan guarantees makes for intriguing political theater. But it’s silly. The nation really needs both. . . .

Having three companies involved denies any one of them a chokehold on domestic fuel supply. It also provides a geographically dispersed network. . . .

This is no time for winner-takes-all politics. If Congress expands the loan-guarantee program, it does not mean more federal spending. It merely allows these companies to get financing more easily and cheaply.

We’d also like to add that these loan guarantees, in addition to costing the taxpayer nothing, would create jobs in the present for the folks who build the enrichment plants and in the long term, in steady, stable, community-supporting jobs in a high-tech and green industry.

Share TAGS: AREVA Inc., AREVA North America, Department of Energy, , Enrichment, Green Jobs, Idaho, Idaho Falls, Idaho Samizdat, Loan Guarantees

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