Vogtle Loan Guarantees: How Much is Enough?

WASHINGTON – Today, Secretary Perry announced the Department of Energy is moving to finalize a $3.7 billion loan guarantee for the Plant Vogtle nuclear reactors. AEA President Thomas Pyle made the following statement in reaction to the announcement:  

“We oppose federal loan guarantees for any energy source, period. Nuclear power is an important part of our nation’s energy mix, but the federal government shouldn’t be in the business of providing loans for any energy source. Instead, it should stay out of energy markets and work to remove government subsidies and mandates to allow all energy sources to compete on a level playing field. 

The Trump administration has submitted a budget request that eliminates this loan program. We hope Secretary Perry will align the Department of Energy with the President’s priorities and fight for his budget on Capitol Hill.”

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