Press Mention The Progress Report July 8, 2012
SACE Referenced
Biggest US Utility Takes US Taxpayers For a Ride
In this mention
A composite article critiquing federal subsidies for nuclear and renewable energy projects. The first section discusses DOE's favorable loan guarantee terms for Southern Company's Vogtle nuclear reactors, citing a SACE FOIA lawsuit that revealed the subsidy details. The second section examines Duke Energy CEO Jim Rogers' pursuit of government grants and tax breaks for wind, solar, and coal-gasification projects, arguing that subsidies distort market incentives.