Obama eyes significant increase for nuclear loan guarantees

* Sources: Obama eyes significant increase for nuclear loan guarantees
President Barack Obama will reportedly recommend increasing loan guarantees for new nuclear projects to more than $54 billion. The move reflects Obama's call in his State of the Union speech to boost nuclear-energy generation in the country. Industry groups including the Nuclear Energy Institute said the guarantees are vital because many companies lack the available capital to fund such facilities. BusinessWeek/Bloomberg (1/29) Email this Story

* GE exec lauds Obama's endorsement of nuclear power
President Barack Obama's support for nuclear energy may generate jobs and strengthen national security, General Electric Vice Chairman John Krenicki said. The power source "has to be a part of the solution for good energy policy, so we were delighted to hear President Obama endorsing nuclear," Krenicki said during the World Economic Forum. BusinessWeek/Bloomberg (1/28) Email this Story

* GE is still targeting nuclear deals in Middle East, chief says: General Electric said it still seeks to secure nuclear-power deals in the Middle East, even though it lost out on a contract worth $40 billion to construct four nuclear reactors for the United Arab Emirates, Chairman and CEO Jeff Immelt said. The company would "love to do a nuclear project" in the region, he added, where more countries are aiming for nuclear as an energy alternative to fossil fuels. ArabianBusiness.com