The debate over nuclear power in recent months has revolved around taxpayer backed loan guarantees for new nuclear projects. Not only has the President announced $8.3 billion in federal loan guarantees for a two-reactor project in Burke County, Georgia, his budget proposal includes tripling the nuclear loan guarantee program from …
President Obama announced $8.3 billion in federal loan guarantees today to commence projection construction on two nuclear reactors in Burke County, Georgia. This is good news. Congress has authorized $18.5 billion in loan guarantees for nuclear energy projects under the Energy Policy Act of 2005, which also provided other subsidies …
Congressional conferees reportedly stripped the $50 billion energy loan guarantee authorization from the final version of the stimulus package. Although most emissions-free sources would have been eligible for the program, removing it disproportionately affects large capital projects like nuclear energy. While this is viewed as a set-back from many in …
