By Jessica Dye (February 16, 2010, 2:03 PM EST) -- President Barack Obama and Secretary of Energy Steven Chu on Tuesday announced $8.33 billion in loan guarantees for Southern Co. subsidiary Georgia Power to help build the first new U.S. nuclear power units in 30 years.
The loan guarantees will guarantee funding for the estimated $14 billion cost of constructing two new 1,100-megawatt Westinghouse AP1000 reactors at the Alvin W. Vogtle Electric Generating Plant near Waynesboro, Ga., expected to open in 2016 and 2017, respectively, according to Southern.
Georgia Power will stake a 45.7 ownership interest in the two new units, with Oglethorpe Power Corp., the Municipal Electric Authority of Georgia...
Stay ahead of the curve
In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.
Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
Create custom alerts for specific article and case topics and so much more!