Press Mention The Fiscal Times May 30, 2012
SACE Quoted
Nuke Plants' $8.3 Billion Loan: Who Will Pay?
In this mention
The article examines federal loan guarantees for new nuclear power plant construction in the Deep South, focusing on Southern Company's $8.3 billion DOE loan for the Vogtle expansion in Georgia. The Southern Alliance for Clean Energy released FOIA documents questioning the favorability of DOE's credit subsidy fee terms and calling for transparency about potential undue influence on the loan guarantee decision.
It is still unclear why DOE has entertained this level of favoritism to this particular company. More information needs to be revealed about any terms of the loan guarantees . . . in order to learn whether any undue influence was brought to bear on DOE to accept this high-risk venture on the backs of taxpayers.
Stephen A. Smith
Original clipping
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