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U.S. Department of Energy
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Clinch River: an alternate financing plan. Hearing before the Subcommittee on Energy Conservation and Power, House of Representatives, Ninety-Eighth Congress, first session, 20 Sep 1983

Book ·
OSTI ID:7144110

Representatives of the Clinch River Breeder Reactor (CRBR) project, the nuclear industry, taxpayers, the financial community, and legislators testified at a hearing held to review administration plans for completing the CRBR by attaching its financing to a continuing resolution and avoiding the legislative process. A Congressional Budget Office report noted that the administration's financing proposal will generate up to 37% return on investment from tax relief alone, which is more appropriate for high-risk than government-backed investment. The Congressional Research Service challenged that the plant's power production capacity was overstated and its price overvalued. Of concern to the committee was the fairness of asking taxpayers to share in the $2.5 billion needed to complete the project. Additional material submitted for the record follows the testimony of 20 witnesses.

OSTI ID:
7144110
Country of Publication:
United States
Language:
English