Southern Co files documents to complete DOE nuclear loan guarantee

HOUSTON Wed Jan 29, 2014 1:32pm EST

HOUSTON Jan 29 (Reuters) - Southern Co Chairman Tom Fanning said on Wednesday that the company has delivered documents to the U.S. Energy Department to complete the $8.3 billion loan guarantee for its two-reactor expansion at the Vogtle nuclear plant in Georgia.

The Vogtle loan guarantee was expected to be finalized in 2012, but the process bogged down over terms and costs and were complicated by DOE requirements added after the much-publicized bankruptcy of solar panel maker Solyndra which had received loan guarantees.

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Comments (1)
SteveK9 wrote:
After Solyndra the conditions from DOE were so onerous hardly seemed worth the trouble. Apparently there are still interest savings worth ~ $200M. Not huge considering the size of the project, but … better than nothing.

Jan 30, 2014 10:28am EST  --  Report as abuse
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