Holtec, fined for deception, may get $1.5 billion taxpayer loan


Beyond Nuclear Bulletin
February 1, 2024

$5 Million Fine, Oral Arguments on CISF

New Jersey's Attorney General announceda $5 million fine, and three years of probationary supervision, for Holtec, after its latest series of lies to the NJ Economic Development Authority (NJEDA). As reported by NJ Spotlight News, Holtec sought twice the tax break for which it was eligible, and after the deadline, backdating documents. In 2019, the story broke that Holtec provided false answers on its application for $260 million in tax breaks. Also, its fired Chief Financial Officer continues his whistleblower lawsuit, alleging Holtec concealed $750 million in projected losses at its consolidated interim storage facility in New Mexico. Federal appeals against this CISF have been scheduled for oral argument on March 5 at the District of Columbia Circuit Court.

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CND sees imminent deployment

The longtime UK anti-nuclear group, Campaign for Nuclear Disarmament (CND) has responded to compelling evidence that US nuclear weapons are about to return to UK soil. Files show construction plans for guard shacks at the US air base at Lakenheath in Suffolk, designed for ballistic protection. An earlier US Air Force report outlined plans for a dormitory to house the additional personnel needed to handle nuclear weapons at the base. The latest US capable jet fighter, the F-35A, is already at Lakenheath, designed to drop the B61-12 guided nuclear bomb. 110 US free-fall B61 nuclear bombs were removed from Lakenheath in 2008, following sustained protest. The return of US nuclear weapons to Britain makes the country a nuclear target, says CND.

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$1.5 Billion for Palisades Restart
Bloomberg broke the story that the U.S. Department of Energy's Loan Programs Office is poised to award Holtec a loan guarantee for $1.5 billion, for the unprecedented, extremely high-risk restart of Michigan...