Georgia Power, DOE Finalize Vogtle Nuclear Project Loan Guarantees
Submitted by aburr on Tue, 2014-02-25 13:28Georgia Power secured approximately $3.46 billion in loan guarantees from the U.S. Department of Energy (DOE) toward the construction of the Plant Vogtle units 3 and 4 nuclear expansion project. The project is the first U.S. nuclear project to receive funding through the DOE program. Along with Georgia Power's portion of the two 1,100-MW reactors, the remaining ownership is split among Oglethorpe Power, the Municipal Electric Authority of Georgia (MEAG Power) and Dalton Utilities.