Fertel: Federal loan-guarantee program in "serious need of reform"

Nuclear Energy Institute President and CEO Marvin Fertel said that the federal loan-guarantee program from clean-energy projects needs to undergo some serious changes if it is to be be effective. The statement came after Constellation Energy would not go forward with an expansion of its Calvert Cliffs nuclear plant in Maryland because of the proposed terms of the federal loan guarantee. "For the nuclear energy industry, one of the most significant challenges involves accurately determining the credit cost of the loan guarantees," said Fertel. Read more

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