Thursday, February 18, 2010

Rival utility nabs loan for new nuclear plant - Local/State - NewsObserver.com

Rival utility nabs loan for new nuclear plant - Local/State - NewsObserver.com:
- STAFF WRITER
"North Carolina was once considered to be in the forefront of the nuclear renaissance, the potential site of the nation's first new nuclear plants in decades. But Tuesday, the Obama administration picked a site in Georgia to receive the country's first federal loan guarantee for nuclear development.

With the federal government backing $8.3 billion in loans, Southern Co. plans to build a pair of reactors at its Vogtle Electric Generating Plant east of Atlanta. The twin reactors, which would cost an estimated $14 billion, would be the first new nuclear units ordered in this country since the 1979 nuclear meltdown at Three Mile Island in Pennsylvania"

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