The GE Stockholders’ Alliance (GESA) believes the Fukushima Daiichi nuclear power plant meltdowns, explosions and continuing dispersal of radioactive waste could have been prevented if design deficiencies of the GE Mark I reactors, recognized in the early 1970s, would have been acted upon, instead of ignored.
A stockholder proposal submitted by the GE Stockholders’ Alliance (GESA) is on the agenda for the General Electric annual meeting, to be held 10 am EDT April 25, 2012 at the Detroit Marriott at the Renaissance Center, in Detroit, MI. The GESA is particularly alarmed that 23 of the same aging GE Mark I reactors are currently operating in the U.S. All but one has received a 20-year license extension from the Nuclear Regulatory Commission. The only exception, the Fermi 2 atomic reactor located 35 miles south of Detroit in Frenchtown Township near Monroe, is expected to apply for an extension in 2014. Almost all the Mark Is have also been granted “power uprates,” meaning they are being run harder and hotter than originally designed, despite their age-related degradation.