Obama to announce loan guarantees for two nuclear reactors

[OnePimpTiger]

Obama to announce loan guarantees for two nuclear reactors

President Barack Obama is set to announce $8.3 billion in loan guarantees Tuesday for two nuclear reactors to be built in Burke County, Georgia, White House officials have told CNN.

The new reactors would be part of an expansion of an existing nuclear facility near Augusta, Georgia operated by Atlanta-based Southern Company. According to its Web site, Southern Company provides power to roughly 4.4 million customers in the Southeast.

The loan guarantees will help create 3,500 on-site construction jobs and 850 permanent operations jobs, the administration officials claimed. The reactors will help provide power to over 550,000 homes and 1.4 million people, they said.

There were (and still are) a lot of questions as to how serious Obama was about his nuclear initiative and if it would actually do any good. This is a step in the right direction and a swift one. I'm very happy to see it.

[theonedru]

How many anti climate change threads are you going to post..... seriously its kinda getting old

[OnePimpTiger]

Just trying to spread the truth, sorry if that's annoying. And this isn't one.

[OnePimpTiger]

Obama's nuclear power push faces obstacle: waste

President Barack Obama's announcement Tuesday of loan guarantees for nuclear power plants may encourage new construction, but a problem still remains that has plagued atomic energy for decades: what to do with the nuclear waste?...

...On the right, critics fault the president for leaving the country without a plan for disposing of the waste, when he decided to pull the plug on the proposed Yucca Mountain nuclear waste dump in Nevada. The government had spent billions of dollars studying the location.

This is what I was worried about. Obama said he would push for more nuclear reactors, but at the same time, decided to close the nuclear waste facility at Yucca Mountain. Counterproductive.