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.

FILED UNDER:
A couple walks along the rough surf during sunset at Oahu's North Shore, December 26, 2013. REUTERS/Kevin Lamarque

Find your dream retirement town

Florida? Hawaii? Reuters has teamed up with Zillow to give you the power to customize a list of your best places to retire.  Video | Full Article