Federal govt shows support for Georgia nuclear plant project

ATLANTA (AP) – The federal government is showing support for the continuation of the construction of two reactors at a Georgia nuclear power plant.

Secretary of Energy Rick Perry on Friday announced conditional commitments for up to $3.7 billion in additional loan guarantees to the owners of Plant Vogtle.

The reactor project at the plant south of Augusta is the first new nuclear plant to be licensed and to begin construction in the U.S. in more than 30 years.

The project’s future was thrown into question after the main contractor, Westinghouse Electric Co., filed for bankruptcy in March. Westinghouse is the U.S. nuclear unit of Japan’s Toshiba Corp.

The Georgia Public Service Commission will have the final say on Vogtle, and is expected to make a decision by February.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s