The Indiana Century Podcast
There's a nuclear plant in Illinois, just across the state line from Indiana. It's been running for decades. Every year, it generates billions of dollars in value. Clean power. Good jobs. Tax revenue. None of that money comes to Indiana. The jobs are in Illinois. The tax revenue stays in Illinois. The economic activity happens across the river. Indiana has power plants too. Coal plants, mostly. Some are closing. Some have closed. When they close, the jobs leave. The tax revenue leaves. The towns that grew up around them are left with empty buildings and a tax base that can't support the schools they built. The company walks away. The community is stuck with the cleanup, the empty buildings, the lost revenue. That's the extractive model. The company builds. The company operates. The company takes the profit. The community gets the plant during its life and the liability after it's gone. The Host Community Fee flips that. Four to five dollars per megawatt hour. Every reactor pays it directly to the county where it sits. For a typical small modular reactor, that's ten to twelve million dollars a year. Every year. For forty years. For eighty years. Forty percent for property tax relief. Thirty percent for schools. Twenty percent for rural health clinics. Ten percent for animal welfare. That's what sovereignty looks like at the county level. Not an abstraction. A check. We also talk about the Trump administration forcing Indiana to keep old coal plants open. And we break down how a reactor actually makes money: building it, selling the power to manufacturers, steel mills, college campuses, and hospitals, then sharing the revenue with host counties. The fee is locked by constitutional amendment. Amendment 3, the Revenue Lock. Sixty percent voter approval required to change the allocation. That money belongs to the county. Permanently. Featured book: The Fight for the Four Freedoms by Harvey J. Kaye. FDR's vision of freedom from want and freedom from fear. The Host Community Fee is how we keep that promise in Indiana. IndianaCentury.org
15 episodios
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