Lost in all the political news over the last few weeks was this announcement.
NRC approves first new nuclear plant in a generation.
It's actually two nuclear reactors that will be located in Georgia. Thomas Fanning, Southern Co.'s chief executive Officer, called the license a "monumental accomplishment" and said the new Vogtle plants would provide cheap, reliable power to Southeast residents for years to come.
The Obama administration has offered Southern and its partners $8.3 billion in federal loan guarantees as an incentive. Fanning said he expects the U.S. Energy Department to finalize the loan in the second quarter of 2012. For those of you keeping track, that's 16 times the amount that was loaned to Solyndra and ultimately lost.
I'd say that represents a more serious commitment to nuclear power and energy overall considering that this plant will be the first since 1979.
1 comment:
Yep, it is a good thing. Even a blind squirrel finds a nut sometimes...
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