Obama expected to award nuclear loan guarantee to Southern

15 February 2010 - Administration officials expect president Barack Obama to announce a loan guarantee to be granted to Southern Company. This would make Southern, headquartered in Georgia, the first nuclear loan guarantee recipient in nearly three decades.

The Department of Energy will add $36 billion in funding for its 2011 budget for nuclear plant loan guarantees. Some $18.5 billion was already approved for this program in 2011. The nuclear loan guarantee program began in 2005 to foster the further growth of the country's nuclear fleet.



Did You Like this Article? Get All the Energy Industry News Delivered to Your Inbox

Subscribe to an email newsletter today at no cost and receive the latest news and information.

 Subscribe Now

Whitepapers

Maximizing Operational Excellence

In a recent survey conducted by PennEnergy Research, 70% of surveyed energy industry professional...

Leveraging the Power of Information in the Energy Industry

Information Governance is about more than compliance. It’s about using your information to drive ...

Reduce Engineering Project Complexity

Engineering document management presents unique and complex challenges. A solution based in Enter...

Revolutionizing Asset Management in the Electric Power Industry

With the arrival of the Industrial Internet of Things, data is growing and becoming more accessib...

Latest PennEnergy Jobs

PennEnergy Oil & Gas Jobs