For Immediate Release

Organization Profile: 
Contact: 
Ben Schreiber, bschreiber@foe.org, 202-222-0752
Nick Berning, nberning@foe.org, 202-222-0748

Energy Department Pressed to Release Records Pertaining to Its Preemptive Bailout of Georgia Nuclear Reactors

Friends of the Earth files request under Freedom of Information Act to force agency to publicize agreement terms

WASHINGTON - On
Friday, Southern Company announced it has accepted a preemptive bailout
by the Department of Energy for the construction of nuclear reactors in
Georgia. Friends of the Earth responded today by criticizing the
bailout and filing a request under the Freedom of Information Act to
force the Energy Department to make the terms of the bailout agreement
public.

 
Friends of the Earth’s energy and tax analyst, Ben Schreiber, had the following comment:
 
"When
President Obama campaigned for office he made a commitment to an
unprecedented level of openness in government. He also promised not to
move forward with nuclear reactors until a number of problems,
including security and storage challenges, were addressed.
Unfortunately, the President is not honoring these commitments.
 
“On
Friday, Southern Company announced that it has entered into an
agreement with the federal government to receive a preemptive bailout
for construction of new reactors in Georgia. This bailout comes in the
form of a loan guarantee. Taxpayers have been kept in the dark about
the details of this deal entered into on their behalf. The public has a
right to know the terms of this agreement, as the risk of loan defaults
on new reactors is being lifted from Wall Street and strapped to the
backs of taxpayers. That is why we are filing a formal request for
records under the Freedom of Information Act.”
 
Friends
of the Earth’s analysis indicates that the preemptive bailout for these
reactors could end up costing taxpayers billions.
 
Resources
 
The
Freedom of Information Act that Friends of the Earth filed today can be
viewed here (pdf):
http://www.foe.org/sites/default/files/VogtleFOIA.pdf.
 
An
expose released last week on massive new subsidies for the nuclear
industry that have been included in the Kerry-Lieberman energy bill can
be found here:
http://foe.org/billions-new-nuke-giveaways-kerry-lieberman-bill-exposed.

 

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Friends of the Earth is the U.S. voice of the world's largest grassroots environmental network, with member groups in 77 countries. Since 1969, Friends of the Earth has fought to create a more healthy, just world.

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