this post was submitted on 10 May 2024
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This is why the government requires you to have long term finances that can be used to prevent a disaster long term due to financial issues.
I think you make a good case for making energy production a public utility. Private ownership of essential services is ethically bankrupt. The fact that a company can fail and leave people without core services, is disgusting in my opinion. Even more disgusting is that they almost always seek public funds to bail them out.
You misunderstood. The government requires that the company invest plenty of extra money into funding in case the company fails. I think this is a bond but I don't remember.
For instance, the TMI (three mile island) decommission started in 2019 and will be finished by 2079. There has been multiple changes in ownership but the current company is using the leftover cleanup funds to slowly decommission the site.
Wow what a success story. I'll trust that everything works out great by 2079.
So the current company didn't have plenty of extra funds in funding? It's just taking a cut of the "leftover" cleanup funds? Sounds extremely effective and responsible.
\s