Page 18 3'*’t jportlanò (Phserlirr HOUSING special edition April 6, 2011 Opinion articles do not necessarily represent the views o f the Portland Observer. We welcome reader essays, photos and story ideas. Submit to news@portlandobserver.com. New Prices Effective May 1 ,2 0 1 0 Martin Cleaning Service Carpet & Upholstery Cleaning Residential & Commercial Services Minimum Service CHG. $45.00 A small distance/travel charge may be applied CARPET CLEANING PWTivay PREPARlhfr FOR. W 2 Cleaning Areas or more $30.00 Each Area f HEW (SENERATÍ p MS x ,, J Pre-Spray Traffic Areas (Includes: 1 small Hallway) 1 Cleaning Area (only) $40.00 Includes Pre-Spray Traffic Area (Hallway Extra) Stairs (12-16 stairs - With O ther Services): $25.00 Area/Oriental Rugs. $25.(X) Minimum Area/Oriental Rugs (Wool): $40.00 Minimum Heavily Soiled Area: Additional $10.00 each area (Requiring Extensive Pre-Spraying) UPHOLSTERY CLEANING Sofa: $69.00 Loveseat: $49.00 Sectional: $ 109 - $ 139 Chair or Recliner: $25 - $49 z /,% Throw Pillows (WM Other Services): $5.00 ADDITIONAL SERVICES • Area & Oriental Rug Cleaning • Auto/Boat/RV Cleaning • Deodorizing & Pet Odor Treatment • Spot & Stain Removal Service • Scotchguard Protection • Minor Water Damage Services SEE CURRENT FLYER FOR ADDITIONAL PRICES & SERVICES Call for Appointment (503) 281-3949 Nuclear Power Rips off Taxpayers Profits are private, but risks are borne by public by R yan A lexander We have all watched the nuclear em ergency that fol­ lowed Japan's tragic earthquake and tsu­ nami with fear and sym pathy for those in the sur­ rounding com m unity and adm ira­ tion for the brave crew s working to reduce the harm and risks of radiation exposure. M eanw hile, the evidence of partial nuclear m eltdown at the Dai-ichi nuclear pow er station in Fukushim a has created a flurry of activity on Capitol Hill. Lobbyists for the nuclear industry are w alk­ ing the halls and hosting closed- door sessions with lawmakers and their staff to squelch any con­ cerns that a sim ilar disaster could happen at any of the 23 U.S. reac­ tors o f the same design. N aturally, one o f the first ques­ tions we are all asking ourselves is: could this happen here? If noth­ ing else, this tragedy has re ­ minded us how dangerous nuclear pow er can be, and how difficult it is to re­ spond in the event o f an unforeseen disaster. N uclear power in the United States has always operated with a strange di­ chotom y: the profits are private, but the risks and liability are borne by the public. The nuclear industry is one o f the most heavily subsidized energy sectors and has been since its develop­ ment in the 1940s. One practically incalculable subsidy com es from the 1957 Price-A nderson Act, which pro­ vides for the federal (read: tax­ payer) assum ption o f liability in the event o f a catastrophic acci­ dent. Like offshore oil drilling compa­ nies, the nuclear industry has a cap on what it has to pay in the event of a major accident. And as we saw with the BPoil disaster, the true cost of restoring the surrounding envi­ ronment after an accident can cost far more than what the company is required to pay. Taxpayers share the industry's costs o f going through the pro­ cess of getting a license to oper­ ate. We subsidize the industry by assuming the financial risk if com ­ panies endure delays or go bank­ rupt while trying to build a nuclear reactor. And, if there's a delay because regulators raise a safety, security, or financial concern, tax­ payers pick up the tab. Those are just a few of the many ways taxpayers pay to prop up the nuclear industry. We also pony up billions more through feder­ ally backed loan guarantees. Taxpayers are already on the hook for more than $ 18 billion in guarantees for loans financing the first new U.S. nuclear reactors slated for construction in a gen­ eration. President Barack O bam a’s proposed 2012 budget would add $36 billion more. Last year, the Energy Depart­ ment awarded its first guarantee to Southern Com pany in Georgia. Next in line is a project in Texas that is to be partially financed by Japan-based Toshiba. For years, the nuclear industry has lobbied Congress to maintain friends in the right places. In addi­ tion to keeping the regulatory wheels greased, this helps them increase and maintain their subsidies. At the end o f the day, w hether you support nuclear power or not, subsidizing and thereby a rtifi­ cially lessening the nuclear power industry's financial risks is just plain fiscally irresponsible. If nuclear power can com pete on the open m arket, then it should foot its own bills. But if private lenders find the risks too great, then the industry will rightfully stall. Taxpayers shouldn't shoul­ der this burden any longer. Ryan Alexander is president o f Taxpayers fo r Common Sense, a nonpartisan fe d e r a l budget watchdog.