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USA Republicans push for nuclear loans, but attack solar ones

GOP senator: Energy Dept. dragging feet on uranium plant loan guarantee,THE HILL, By Ben Geman – 09/30/11 Sen. Rob Portman (R-Ohio) is pressing the Energy Department to approve a long-sought loan guarantee for an Ohio uranium-enrichment plant amid planned layoffs and “demobilization” of the project if the financing agreement isn’t forthcoming.

USEC Inc. is seeking a conditional approval of its $2 billion loan-guarantee application to the Energy Department for the American Centrifuge Plant.

Portman’s comments come as Republicans are attacking the White House over the $535 million loan guarantee granted in 2009 to solar panel maker Solyndra, which collapsed and filed for bankruptcy several weeks ago.

But while the DOE loan-guarantee program is now under attack from many Republicans who say it exposes the folly of “green jobs” efforts, multiple GOP lawmakers have pushed DOE to provide financing for projects in their states through its various loan programs….http://thehill.com/blogs/e2-wire/677-e2-wire/184775-gop-senator-presses-energy-dept-to-speed-up-uranium-plant-loan-guarantee

October 1, 2011 - Posted by | politics, USA

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