SACE and NC WARN: Southern Company does not have Real "Skin in the Game" if Vogtle Reactor Loan Guarantee Defaults
WASHINGTON, Feb. 23, 2012 /PRNewswire-USNewswire/ -- With the U.S. Department of Energy (DOE) believed to be just days away from awarding a $8.33 billion taxpayer-backed loan guarantee to Southern Company/Georgia Power and their utility partners for the proposed Vogtle reactors in Georgia, concerned groups are warning that several falsehoods are being spread about the risks faced by U.S. taxpayers.
In particular, the Southern Alliance for Clean Energy and NC WARN pointed to a news release circulated on February 16, 2012 by the Nuclear Energy Institute, the trade organization for the nuclear industry. (See http://www.nei.org/newsandevents/newsreleases/doe-loan-guarantee-for-plant-vogtle-expansion-on-sound-financial-footing/.)
Among the falsehoods contained in the release are the following: