Obama Backs Nuclear Power

Feb. 16, 2010 06:53AM PST

Early this week, US President Barack Obama is expected to announce a loan guarantee for two new reactors that will be built by Southern Company in Burke, Georgia. Southern Co will be the first nuclear energy firm to take advantage of The Energy Policy Act of 2005, which allows the Department of Energy …

Early this week, US President Barack Obama is expected to announce a loan guarantee for two new reactors that will be built by Southern Company in Burke, Georgia.

Southern Co will be the first nuclear energy firm to take advantage of The Energy Policy Act of 2005, which allows the Department of Energy to issue loan guarantees for projects that help in the fight against greenhouse gas emissions, passed under the Bush administration.
The pair of reactors will also be the first built in the US since the Three Mile Island catastrophe soured Americans on nuclear energy three decades ago. More loan guarantees for other reactors are reportedly likely this year.

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