Sorry about that. ;)
Obama to announce loan help for U.S. nuclear power
* Two nuclear reactors could be in service in 2016, 2017
* Obama asks Congress to triple nuclear loan guarantee fund
By Tom Doggett
WASHINGTON, Feb 15 (Reuters) - The Obama administration, advancing nuclear power use to help cut greenhouse gas emissions, will announce on Tuesday an $8.3 billion loan guarantee to help Southern Co (SO.N) build two reactors, a government official told Reuters.
The reactors are in line to be among the first nuclear generating facilities to win U.S. government approval in three decades.
The official said on Monday that President Barack Obama would announce the loan guarantee after he tours a jobs training center in Lanham, Maryland, where he will discuss new government investments to create energy jobs and develop a low carbon economy.
Energy Secretary Steven Chu will travel with the president when he makes the announcement, said the official, who was familiar with the loan guarantee deal for Southern, but did not want to be identified.
Obama, a Democrat, has tried to reach out to Republicans who are skeptical about aspects of his proposed energy proposals by emphasizing the role of nuclear power in the country's future energy production.
The $8.3 billion loan guarantee would commit the federal government to paying a portion of the private loans Southern would take out for the project in case the company defaulted on those loans.
A spokesman for Southern said the loan guarantee would cover up to 70 percent of the company's portion of the project's costs. He said the company would provide more details on Tuesday.
Southern applied to the Nuclear Regulatory Commission in March 2008 to build two reactors at the company's Vogtle nuclear power plant
in Georgia, which already has two reactors. The Vogtle plant is about 170 miles (273 km) east of Atlanta.
http://www.reuters.com/article/idUSN1513901820100216?type=marketsNewsWell, I guess he is going to announce them tomorrow in Maryland. Perhaps he will focus on the jobs part of it in Georgia.