Press Mention Smart Energy Universe February 23, 2014
SACE Quoted
SACE Says DOE Not Responsive To FOI Request As Deadline To Finalize $8.3 Billion Nuclear Loan Guarantees For Vogtle Reactors Looms
In this mention
SACE filed an administrative appeal with the Department of Energy over its unresponsive handling of Freedom of Information Act requests regarding $8.3 billion in federal loan guarantees for Southern Company's Vogtle nuclear reactors in Georgia. Sara Barczak, SACE's high risk energy choices program director, criticized the loan guarantee program as corporate welfare and a bad deal for taxpayers, calling on utilities to walk away from the deal. The article details SACE's concerns about inadequate credit subsidy fees and lack of transparency as the DOE deadline to finalize the loan guarantees approached.
It is extremely unfortunate that the Department of Energy continues to move forward with this troubled loan guarantee program without providing the full details and terms of the guarantees in a timely manner. This is corporate welfare for one of the largest power companies in the country and a bad deal for U.S. taxpayers
Sara Barczak
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