Nuclear loan guarantees

Groups Unearth Documents On Vogtle

Environmental groups are crying foul on loan terms acquired by Southern Company for its Vogtle nuclear plant.

The Southern Alliance for Clean Energy and others are calling for a greater degree of transparency in the federally-backed financing of the delayed and over-budget project.Anti-nuclear activists are drawing comparisons to the failed energy company Solyndra in a report that took three years to complete.

The nuclear plant near Augusta is the first new reactor to be built in the US in over a decade.

Obama "deficit control" plan triples nuclear loan guarantees to $56.5 billion

With federal guarantees already on the table for up to 100% of project debt for new reactors ($18.5 billion) and front-end enrichment investments ($2 billion), the Obama administration's decision today to push for an additional $36 billion in loan guarantees to new reactors is puzzling.  Taxpayer investments in a single reactor could approach $8 billion based on recent cost estimates.  While such an amount may seem unspectacular given recent bailouts to insurers and banks, it is actually

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