{"id":189763,"date":"2010-02-16T12:32:00","date_gmt":"2010-02-16T17:32:00","guid":{"rendered":"https:\/\/www.panix.com\/~msaroff\/40years\/2010\/02\/16\/obama-to-give-multibillion-dollar-subsidy-to-nuke-plants\/"},"modified":"2010-02-16T12:32:00","modified_gmt":"2010-02-16T17:32:00","slug":"obama-to-give-multibillion-dollar-subsidy-to-nuke-plants","status":"publish","type":"post","link":"https:\/\/www.panix.com\/~msaroff\/40years\/2010\/02\/16\/obama-to-give-multibillion-dollar-subsidy-to-nuke-plants\/","title":{"rendered":"Obama to Give Multibillion Dollar Subsidy to Nuke Plants"},"content":{"rendered":"<p>It&#8217;s <a href=\"http:\/\/money.cnn.com\/2010\/02\/16\/news\/economy\/nuclear\/index.htm\">$8 billion in loan guarantees<\/a>, but if you run the numbers, and assume a 4% interest rate savings as a result of the loan guarantees over a 10 year period, the new reactors are due to come on line in 2017, but they will be late, because they are <span style=\"font-weight: bold;\">always<\/span> late, then you get about a $3.85 billion [(1.04<sup>10<\/sup>-1) x $8 billion] subsidy for the Southern Company to build two new reactors at their Vogtle plant.<\/p>\n<p>Actually, the payback time is likely closer to 30 years, which means that the US government is actually <span style=\"font-weight: bold;\">paying<\/span> Southern to build the plant, but depending on how you count it, it&#8217;s a f%$# load of money.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>It&#8217;s $8 billion in loan guarantees, but if you run the numbers, and assume a 4% interest rate savings as a result of the loan guarantees over a 10 year period, the new reactors are due to come on line in 2017, but they will be late, because they are always late, then you get &hellip;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1135,1009,1163],"tags":[],"class_list":["post-189763","post","type-post","status-publish","format-standard","hentry","category-energy","category-government","category-nuclear-power"],"_links":{"self":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/posts\/189763"}],"collection":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/comments?post=189763"}],"version-history":[{"count":0,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/posts\/189763\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/media?parent=189763"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/categories?post=189763"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/tags?post=189763"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}