U.S. DOE says $13 bln needed in nuclear loan help

Chu: Nuclear projects need $13B more in federal loan guarantees
The Energy Department would need an extra $13 billion from Congress to award loan guarantees for the construction of three nuclear plants, Energy Secretary Steven Chu told a Senate subcommittee this week. The department granted $8.3 billion in loan guarantees to help Southern add two reactors to an existing facility in Georgia, and the remaining $12 billion would only be enough to fund one more project. Reuters