Action Alert: Stop $150 million giveaway to nuclear power giant

diablocanyonprotest.jpgTake action today to stop this taxpayer bailout of the U.S. Enrichment Corporation, which operates a uranium enrichment plant at Paducah, KY and wants to build a new plant in Portsmouth, OH. We expect the full House to vote on it today (May 17) or tomorrow (May 18).

Action alert from the Nuclear Information and Resource Service:

The fiscal year 2013 National Defense Authorization Act (NDAA) currently includes a $150 million taxpayer bailout for the U.S. Enrichment Corporation, which operates a uranium enrichment plant at Paducah, KY and wants to build a new plant in Portsmouth, OH.

USEC is a failing corporation. Its stock prices are trading at less than $1 per share, causing the New York Stock Exchange earlier this week to threaten to delist it. Its bond rating is at junk bond status. The entire company may not be worth even the $150 million.

Yet this bailout would be only the first step; USEC is also trying to get a $2 Billion taxpayer loan for the Portsmouth project, which already has been fraught with problems.

Reps. Ed Markey (D-Mass.) and Steve Pearce (R-NM) have teamed up to offer an amendment that would strip this $150 million bailout from the NDAA bill.

It will be voted on by the full House late today (May 17) or tomorrow (May 18).

Take action now at http://org2.democracyinaction.org/o/5502/p/dia/action/public/?action_KEY=10733.


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