Feb 17, 2010
The loan guarantees, meant to show Obama's commitment to nuclear energy as he fights to pass a climate change bill through Congress, would be for the first nuclear power plant to be built in nearly three decades, the official said.
"That financial commitment will be made for the construction and operation of two new nuclear reactors at a Southern Company plant in Burke, Georgia," he said.
"The president has long believed that nuclear power should be part of our energy mix -- that's why he has advocated for comprehensive energy and climate legislation that leverages all of our energy sources, including nuclear, to transition to a clean energy economy," the official said.
He did not give a dollar figure for the loan guarantee. [Announcement made today 2/15/10 put the value at $8b]
Obama, has tried to reach out to Republicans who are skeptical about aspects of his proposed energy policy by emphasizing the role of nuclear power in the country's future energy mix.
Citing information provided by the company, the official said the project would generate about 3,000 construction jobs on site and roughly 850 permanent positions to operate the reactors. About 1.4 million people will be served by the power from the facility, he said.
Construction is expected to start in several years after NRC approval of the construct-operate license (COL).