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"The tax credits are now needed for the industry to maintain its cost advantage against competing sources such as solar and natural gas plants." Rakesh, why would an industry with a cost advantage need a tax credit? "'For example, on wind energy, we get a tax credit if we build a lot of wind farms. That's the only reason to build them. They don't make sense without the tax...
After 15+ years of support every industry needs to finance actual projects without incremental subsidies. New technology can be supported through DOE technology grants, but blanket project financing should end at some point. Certainly the loan guarantees for the recent nuclear plants can be brought into the discussion, but the PTC is a pure indirect financing and benefits the...
"Nuclear gets a bad rap." Don't know if there's a more concise way to put it than that, Henry. Some of it is human nature - when we see news reports of "Black Swan" events like Chernobyl or Fukushima, it's natural to imagine they could happen anywhere or anytime; that invisible radiation released into the environment is far more dangerous than it truly is.