Letter to the Editor

BY DI READERS | MARCH 08, 2011 7:20 AM

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Who will finance Iowa nuclear power?

The Iowa legislative Commerce Committees in the House and Senate recently approved a proposal to adjust Iowa utility rates to fund a two-year study, conducted by utility companies, on the feasibility of nuclear power.

Because nuclear-power plants have significant financial risk and are very expensive, no new nuclear-power plants have been built in the U.S. in 30 years. It takes several years for the Nuclear Regulatory Commission to approve a state’s construction request.

Whether you support nuclear power or not, you and I will be charged higher rates now to cover this feasibility study. If this proposal becomes a law, we will be charged as well for the future costs of a yet-to-be-constructed nuclear reactor, whether it becomes operational or not. This potential law would shift the financial risk from the power companies to the rate payers.

Please contact your senator or representative if this proposal concerns you. The final vote in the Iowa House and Senate will take place in the next two weeks. Time is running out.

Maggie McGill
Windsor Heights, Iowa

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