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Trump offers $3.7 billion to save Georgia’s troubled Vogtle nuclear power project

Trump govt offers nuclear plant $3.7B support
Market Watch : Sept 29, 2017 
The Trump administration on Friday offered an additional $3.7 billion in loan guarantees to a troubled nuclear power plant project in Georgia that is billions over budget and years behind schedule, raising the total federal loan guarantees to $12 billion.

Energy Secretary Rick Perry said it was important for the U.S. government to support the Alvin W. Vogtle Electric Generating Plant, which would be the first new nuclear reactors built in the country in more than three decades…….

It is the only remaining nuclear plant under construction in the U.S., after Scana Corp. in July pulled the plug on a similar project using Westinghouse reactors in South Carolina. That facility also encountered delays and cost increases, which raised its projected completion costs above $25 billion…….


September 30, 2017 - Posted by | business and costs, politics, USA

1 Comment »

  1. Why have nuclear? It is the dirtiest energy source that we have. They are impossible to clean up when they are no longer in use.

    Comment by artiewhitefox | September 30, 2017 | Reply

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