posted on Jun, 28 2011 @ 11:04 PM
From what Arnie said among many things in this interview, one point that makes me really angry is that in 1995 officials in America allowed the
Nuclear parent companies to spin off each and every reactor into its own LLC company. That means if, say for example Indian Point reactor #2 went into
a situation where it leaked large amounts of highly radioactive contamination (like Fukushima), it would be declared bankrupt, and as in the design of
an LLC, that reactor would be its only asset, it would not have to sell off ANYTHING, the huge catastrophic bill would be born by us taxpayers. They
created a fail-check system where all money made from each reactor flows upward to the parent company, but nothing flows back down to the reactor (LLC
company). In Japan, at least TEPCO is a very huge company with lots of assets, and they have at least skin in the game where they have to sell off as
many assets as necessary to foot the bill of the disaster. Here in America, the power companies have NO skin in the game, if a reactor goes boom, oh
well, the taxpayers will be left figuring out how to pay for it.
The LLC concept was tested in the Katrina disaster. Arnie revealed how Entergy had set up Entergy LLC in New Orleans so that when Katrina hit, Entergy
LLC was declared bankrupt and Federal funds were secured to cover the damages and rebuilding of the power grid. The top executives gave themselves
BONUSES because they were able to secure Federal funds instead of using their own money to rebuild their own power grid..
Corporate welfare at its finest
Another point he brought up is how a major area of concern to him in Calhoun and Cooper is the underground piping and electrical wiring running from
the Emergency Intake service pumps to the buildings. With all the flooding and boggy mud, and settling of the area, what happens when the piping or
electrical lines are damaged or shorted and the emergency pumps can't get cooling water to the diesel generators and plant. He points out how everyone
is focusing on the wrong areas of concern. Also talks about how the foundation of the plant will settle after the floods are long gone, and worries
about what the structural and seismic evaluation of the condition of the plant will be.
edit on 28-6-2011 by RoyalBlue because: (no reason