Surrounded by fellow politicians and other dignitaries gathered at the Plant Vogtle nuclear expansion in Waynesboro, Ga., U.S. Energy Secretary Rick Perry on March 22 announced nearly $3.7 billion in new federal loan guarantees for the schedule-challenged construction project. Vogtle, the nation’s lone remaining nuclear expansion project, “supports a reliable and resilient grid, and strengthens our energy and national security.” Perry said.
“Securing these loans plays a key role by reducing our financing costs and passing along those benefits to our customers,” added Paul Bowers, Georgia Power CEO.