Chu seeks more loan guarantees for nuclear energy

Chu seeks more loan guarantees for nuclear energy

Energy Secretary Steven Chu aims to increase the department's loan-guarantee authority to help revive the U.S. nuclear energy industry and curb emissions of greenhouse gases. While firms have filed 18 requests for nuclear plant licenses, the agency can only authorize $18.5 billion in loans, which can cover four to five facilities. The U.S. needs to show the industry that it "is serious about investing in nuclear power plants," Chu said. Nasdaq.com/Dow Jones Newswires
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