Energy Bill Aids Expansion of Atomic Power
August 01, 2007
Washington, DC [New York Times] A one-sentence provision buried in the Senate's recently passed energy bill, inserted without debate at the urging of the nuclear power industry, could make builders of new nuclear plants eligible for tens of billions of dollars in government loan guarantees. Lobbyists have told lawmakers and administration officials in recent weeks that the nuclear industry needs as much as $50 billion in loan guarantees over the next two years to finance a major expansion.
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