Act Now In Nancy Pelosi's District Help Stop Loan Guarantees For New Nuclear Reactors!
As Speaker of the House, Nancy Pelosi needs to know that her constituents do not support the provision in the energy bill that would give loan guarantees to the nuclear industry. She has the power to remove the loan guarantee provision from the energy bill, which could be brought back to Congress the first week of December.
Washington-based environmental groups are working to arrange a meeting with Rep. Pelosi's office later this week. We want to take as many signatures as possible to her office for this meeting—so please act now. Please activate your e-mail lists. Get your friends, colleagues, family, acquaintances, even strangers on a street corner—anyone who may be in her district--to sign the statement below. The more she hears from the people in her home district the better, and time is short.
These tax-payer backed loan guarantees would allow the nuclear industry to build new nuclear power plants that would be too economically risky to build without them. Without this provision in the energy bill, lending institutions would not finance the building of new nuclear power plants. In October, Moody's Investors Service reported that new reactors could cost $6 billion or more each. In addition, the Congressional Budget Office projects that utilities would default on 50% of the loans under this program. Loan guarantees eliminate the financial risk incurred by lending firms that is inherent in the building of new nuclear reactors, by passing it onto the tax-payers.
Please email or fax sign-ons to Michael Mariotte at NIRS by Thursday morning, November 29, so we can make sure that Nancy Pelosi hears from her home district. If the meeting with Pelosi's office occurs later than Thursday (it has not yet been firmly scheduled), we will let you know.
NIRS fax number: 301-270-4291
In addition, please take a moment to call Rep. Pelosi's San Francisco office (415-556-4862) this week with the same message!
Thanks for your help!
Nuclear Information and Resource Service
Hon. Nancy Pelosi:
As constituents in your home district, we do not support the provision in the current energy bill that would give the nuclear industry $50 billion or more in taxpayer-backed loan guarantees to build new nuclear reactors across the country. Do not allow this provision to remain in the energy bill.
e-mail address ________________________
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