Michele Kearney's Nuclear Wire

Major Energy and Environmental News and Commentary affecting the Nuclear Industry.

Thursday, April 26, 2012

Southern remains hopeful about loan guarantee for Ga. project

Southern remains hopeful about loan guarantee for Ga. project
The Department of Energy's new financial conditions have made Southern Co.'s efforts to secure a loan guarantee for its Plant Vogtle expansion project in Georgia harder, said Thomas Fanning, the company's chairman, president and CEO. "We're very hopeful we'll be able to reach a successful conclusion, but rest assured ... if they ask us to do something that's not in our customers' interest, we won't go forward," Fanning said. "We'll be successful whether we have them or not." Fox Business/Dow Jones Newswires

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