Separately, if the federal government would underwrite bonds for construction of nuclear power stations that could be sold on bond markets it would significantly reduce the interest on the financed amount.
That’s basically a way for the government to give subsidies to projects. That means that if a nuclear project fails in construction the federal government has to pay the tab and not private investors.
It’s unclear to me why we would think that this kind of risk is best held by the government instead of being held by private investors.
That’s basically a way for the government to give subsidies to projects. That means that if a nuclear project fails in construction the federal government has to pay the tab and not private investors.
It’s unclear to me why we would think that this kind of risk is best held by the government instead of being held by private investors.