The Iowa legislature has adjourned without passing a controversial bill that would “pre-pay” for a possible nuclear power plant. Iowa rate payers would have been required to pay an extra fee on their utility bill to give Mid American energy money they could use to potentially build a new nuclear power plant. If the plant was never built Mid American would just keep all the money.
As expected the bill was extremely unpopular with Iowans who opposed it by more than 3/4 of those polled recently. Opposition included a rare mash up of environmental groups and AARP who opposed the bill on the grounds it would be a burden on senior citizens already trying to stretch limited incomes.
Nuclear “cost recovery” bills have been enacted in Georgia, South Carolina and Florida. Some of these projects have already hit up customers for additional rate increases on top of the original rate increase, as costs for the plants continue to rise.
This article would not be possible without the extensive efforts of the SimplyInfo research team
Join the conversation at chat.simplyinfo.org
All content is copyright SimplyInfo.org. Content cited, quoted etc. from other sources is under the respective rights of that content owner. If you are viewing this page on any website other than www.simplyinfo.org (or www.fukuleaks.org) it may be plagiarized, please let us know. If you wish to reproduce any of our content in full or in more than a phrase or quote, please contact us first to obtain permission.