"A popular government without popular information, or the means of acquiring it, is but a Prologue to a Farce or a Tragedy; or, perhaps both. Knowledge will forever govern ignorance; and a people who mean to be their own governors must arm themselves with the power knowledge gives."


Saturday, October 10, 2015

THE NUCLEAR SCAM - October 10, 2015

Duke Energy's Brunswick Nuclear Power Facility ( Fair Use Rights, Duke photo, for non-profit news reporting and criticism.)

Duke Power's plans include sucking money out of ratepayers and taxpayers for the sole purpose of generating capital, not economical, clean, reliable, safe electrical power. This is the purpose of the nuclear power scam.  http://www.tampabay.com/news/business/energy/after-long-love-affair-with-nuclear-power-duke-energy-hints-romance-is/2249034

Quote from the article about Duke Power’s nuclear scam: "Duke is pursuing the Lee plant just as it did the Levy plant in Florida, spending lots of money (much of it charged to ratepayers) in preliminary work on the planned sites, seeking a federal license, but never officially committing to build the facilities."

Think about it, if a private citizen promised an investment of billions upon billions of dollars, but in reality the citizen never intended on building anything, it was just a scheme to defraud the public for the purpose of receiving tax and citizen dollars, private citizens would be put in prison for each person they committed fraud against; according to our laws, aren't corporations people? Hold their executives and puppet politicians accountable for “ripping off” hard working Americans in the nuclear power fraud scheme.

One company and its executives pay the price - "Law360, New York (July 17, 2015, 4:30 PM ET) -- An Idaho federal judge on Thursday agreed to drop the U.S. Securities and Exchange Commission's remaining charges against an energy company and its CEO two months after finding them liable in a securities fraud case involving the financing of a $10 billion nuclear power plant. 
The SEC said the penalties, including nearly $15 million in disgorgements, imposed by U.S. District Judge Edward J. Lodge on Alternate Energy Holdings Inc. and its former CEO Donald L. Gillispie when he granted summary judgment to the agency in May are enough punishment." http://www.law360.com/articles/680226/sec-drops-remaining-claims-in-idaho-nuclear-power-co-suit  Former executives of Eagle nuclear power company indicted in stock scam - http://www.idahostatesman.com/2014/11/14/3486596/former-executives-of-eagle-nuclear.html

Bellefonte Units 1-4 TVA's Dream and ratepayers nightmare. Fair Use Rights for non-profit news and criticism. TVA photo in Bellefonte's Unit 3-4, Environmental Report

Look across our nation, particularly in the TVA area (Bellefonte, Alabama – Billions of dollars have been sunk into the zombie plant and proposed future construction which will never be accomplished, currently costing TVA rate payers $65 million per year for maintenance. Yellow Creek, Phipps Bend, Hartsville are all nuclear plants partially built without a need for them.  $20 billion dollars of TVA’s $25 billion dollar long term debt is because of the unnecessary nuclear construction.); 97 plus plants listed, this does not count the current ones being planned.  https://en.wikipedia.org/wiki/List_of_canceled_nuclear_plants_in_the_United_States

Nuclear Weapons Cost - Today’s report is an update to the cost study that CBO released in December 2013, which put the anticipated price tag for U.S. nuclear forces between FY 2014 and FY 2023 at $355 billion.  https://www.armscontrol.org/blog/ArmsControlNow/2015-01-22/CBO-Nuclear-Weapons-Still-Expensive  Costs of disposal - https://www.washingtonpost.com/world/national-security/the-explosive-cost-of-disposing-of-nuclear-weapons/2013/07/03/64f896e0-e287-11e2-80eb-3145e2994a55_story.html

The nuclear power vicious circle, front end costs are extreme - end of cycle decommissioning costs are rising, a vicious circle of continuing expense for taxpayers and ratepayers. Today, decommissioning costs on the downside will be $500 million to over $1 billion dollars to clean up the contamination and secure the nuclear power facilities. http://thebulletin.org/rising-cost-decommissioning-nuclear-power-plant7107   Takes decades and may exceed $1 billion dollars.  http://www.reuters.com/article/2011/06/13/idUS178883596820110613

This fraud scam scenario is repeated over and over again, currently and historically across our nation. In order for the fraud scam to work our government's politicians and officials at all levels must participate. Costing rate payers and taxpayers hundreds of billions, upon hundreds of billions of dollars. Nuclear power and the nuclear weapons death industry is a trillion dollar multinational scheme to provide capital to corporate entities and their political puppets who deceive the public about nuclear reliability, costs, cleanliness and purpose; it is time to end the biggest scam of all time, nuclear power and the international nuclear weapons death scheme madness.

No comments: