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How much of a subsidy is the Price-Anderson Nuclear Industry Indemnity Act?

Posted on August 07, 2008

The answer is perhaps as high as a hundred billion dollars.First some background. I testified in front of the Senate Environment and Public Works committee in July. In my testimony, The High Cost of Nuclear Power, I pointed out the obvious that nuclear is a mature source of power that has benefited disproportionately from government support to date:From 1948 to today, nuclear energy research and development exceeded $70 billion, whereas research and development for renewables was about $10 billion. From 2002 to 2007, fossil fuels received almost $14 billion in electricity-related...

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fossil fuels , research , senate