Congress Eyes $20.5B In Nuclear Loan Guarantees

Law360, New York (December 17, 2007, 12:00 AM EST) -- An omnibus funding bill expected to be approved by Congress this week will contain a measure extending the Department of Energy's loan guarantee program to continue for at least two more years and authorizing the DOE to extend $38.5 billion in loan guarantees to help fund areas like nuclear energy and clean coal technology, according to the ranking member of the Senate's Energy & Natural Resources Committee.

Sen. Pete Domenici (R-N.M.) said Monday that lawmakers had reached a deal that would allow the loan guarantee program,...
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