Nuclear power was a big issue back during the 2008 primaries. Then-candidate Barack Obama always said he favored nuclear power, and now he’s about to put our money where his mouth was. The president is expected to announce $8.3 billion in loan guarantees, with more on the way, to build two new reactors—the first in decades.
Reuters via Yahoo:
The Obama administration, advancing nuclear power use to help cut greenhouse gas emissions, will announce on Tuesday an $8.3 billion loan guarantee to help Southern Co build two reactors, a government official told Reuters.
The reactors are in line to be among the first nuclear generating facilities to win U.S. government approval in three decades.