The good news is that this provision is on the ropes and can be cut out of the energy bill with one more public push. The final bill will come up for a vote next week, so now is the perfect time to rattle Congress' cage.
Why shouldn't the public underwrite nuclear power?
It's Not Economically Viable: Nuclear power already receives billions of dollars every year in taxpayer subsidies, and the public already insures the reactors against accidents. But even with this existing corporate welfare, industry officials admit they can't build a single new plant without making the taxpayer the fall guy for any bad loans. Worse, industry experts warn that the default rate on the loans could be up to 50 percent!