DOE Clears Way for First Nuclear Construction in 30 Years

Energy Secretary Ernest Moniz is expected to announce final approval for an $8.3 billion loan guarantee for the first nuclear reactors to be built in the united States in more than three decades.
February 19, 2014, 5am PST | James Brasuell | @CasualBrasuell
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Amy Harder reports the news that the U.S. Department of Energy will today announce the final approval of an $8.6 billion loan guarantee. The loan, “will help support construction of two new reactors at the company's Vogtle plant in Waynesboro, Ga,” writes Harder.

“The loan conditionally approved in 2010 was actually a set of three related loan guarantees, totaling $8.3 billion. According to another source familiar with the project, Moniz will announce Wednesday that two of the three loan guarantees are going to close on Thursday, totaling $6.5 billion. The last conditional loan guarantee, worth about $1.8 billion, is still pending.”

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Published on Tuesday, February 18, 2014 in National Journal
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