WASHINGTON—The Energy Department plans to grant final approval this week of $6.5 billion in loan guarantees for two nuclear reactors under construction in Georgia by a consortium led by Southern Co.
The money is part of an $8.3 billion package of loan guarantees that the federal government conditionally approved in 2010. The reactors won regulatory approval in 2012—the first nuclear power plants to clear the approval process since 1978, a year before the accident at Three Mile Island in Pennsylvania.
Energy Secretary Ernest Moniz plans to announce the loan deal at a speech at the National Press Club in Washington on Wednesday....
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2 comments:
When money is God the people suffer.
I would think it wise to build new ones now and then so we could slowly take the older, more at risk plants down safely. Better to take them offline and shut down safely than to run them full tilt until we have a Fukushima on our turf.
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