Loan guarantees pave way for first new U.S. nuclear reactors in years

Loan guarantees pave way for first new U.S. nuclear reactors in years
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Loan guarantees pave way for first new U.S. nuclear reactors in years 16 Feb 2012 President [and Wall Street troll] Barack Obama announced $8.3 billion in loan guarantees Tuesday for two nuclear reactors to be built in Burke County, Georgia. A new nuclear power plant has not been built in the United States in three decades. The new reactors are to be part of an expansion of an existing nuclear facility near Augusta, Georgia, operated by Atlanta-based Southern Co… Nuclear power critics slammed the administration’s decision to back the construction of new reactors. “The last thing Americans want is another government bailout for a failing industry, but that’s exactly what they’re getting from the Obama administration,” energy analyst Ben Schreiber said in a press release issued this past weekend.

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