Jason Barton

Professional Information and Energy News

DOE Delivers Its First, Long-Awaited Nuclear Loan Guarantee

without comments

By PETER BEHR of ClimateWire
Published: February 17, 2010

The Obama administration yesterday pledged a conditional $8.3 billion loan guarantee to support the construction of two nuclear reactors in Georgia, which would be the first new U.S. nuclear plants in more than three decades. More commitments are on the way, officials said.

Administration climate adviser Carol Browner said yesterday that the Energy Department’s preliminary commitment to Southern Co. and its partners in the $14 billion Plant Vogtle development was hopefully “the first of many new nuclear projects.”

Read the entire article here.

Written by Jason

February 17th, 2010 at 7:05 am