DOE Officials: End of Year Earliest to Expect Final Vogtle Loan Guarantee Approval

DOE Officials: End of Year Earliest to Expect Final Vogtle Loan Guarantee Approval

by Nuclear Street News Team

Final approval of an $8.3 billion loan guarantee for the construction of two new reactors at Plant Vogtle in Georgia won't materialize until the end of the year, at the earliest, Department of Energy officials told House members Thursday.
In a hearing of the House Energy and Commerce Committee, loan guarantee program chief David Frantz said that none of the program's pending applications are officially scheduled to close this year, Dow Jones reported. While DOE does not set concrete deadlines for finalization of nuclear plant loan guarantees, another DOE official said late 2012 would be the soonest the Vogtle guarantee would be issued.