Sam Gibbons: “Yes, indeed, what we see today, for example let us take the State of Connecticut. It has four nuclear reactors and for…”

“Yes, indeed, what we see today, for example let us take the State of Connecticut. It has four nuclear reactors and for the problem of safety they have shut those nuclear reactors down. They are not generating nuclear waste anymore, but they have it sitting in this dry cask storage or on site. They want to get it out of their backyard because the nuclear power company sees a serious problem and it is called a ``stranded capital'' problem. It will ultimately have to be responsible for the nuclear waste that that industry, that powerplants generated, unless it transfers that to the gullible taxpayer to take care of it. And that is what is driving this. If we look here, this chart provides a very insightful window on what is taking place in the nuclear industry. As the gentleman said, every powerplant that is in America today, due to its shelf life or operating life, is scheduled to shut down within the next 20 years or so. This nuclear waste takes 10,000 years to at least get through a half-life of most of it. They have been charging their customers a mill rate on the electricity generated to store this. And it has generated a trust fund.…”