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Showing posts with label federal loans. Show all posts
Showing posts with label federal loans. Show all posts

Saturday, May 16, 2009

Federal Funds for Nuclear Expansion at Plant Vogtle?

The Energy Department has narrowed its list of the most likely recipients of $18.5 billion in government loan guarantees for building the first new nuclear power plants. The department recently informed four companies planning new reactors in Georgia, Maryland, South Carolina and Texas that their applications have been elevated for closer scrutiny, department and industry officials said Friday.

Energy Department spokeswoman Stephanie Mueller said the applications were singled out for closer review because they are furthest along in obtaining a license from the Nuclear Regulatory Commission.

The proposed projects singled out include Atlanta-based Southern Company for two new reactors at its Vogtle power plant near Waynesboro, and South Carolina Electric & Gas, for two new reactors at its V.C. Summer power plant near Columbia, South Carolina.

(Associated Press)

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