Pete Domenici: “I do not believe we ought to kill this program when it is about finished. We ought to let it complete its remaining 1…”

“I do not believe we ought to kill this program when it is about finished. We ought to let it complete its remaining 1 year. A couple things have not been said about the program. Obviously, the word subsidy is bantered around, but everyone should know that the advanced light water reactor program, first, is 90 percent complete. Second, there is $40 million in this entire appropriations bill to complete this project. When it is completed, that will complete a $713 million advanced light water reactor program, of which $270 million is the DOE and, get this, $440 million is private industry funded. So for those who talk of a subsidy, we have $440 million coming from the private sector, $270 from DOE. This last $40 million will complete the work and wrap the program up and dismantle it. So the subsidy is there, but the ratio is pretty heavily in favor of the private sector putting the money in.”