Climate Changed
Southern in Talks on Expanded U.S. Guarantees to Aid Vogtle
- Southern, Oglethorpe may get an increased loan guarantee
- Energy Department said to encourage requests for more aid
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Developers of a troubled nuclear plant in Georgia are seeking more federal support for the project, potentially increasing a record $8.3 billion loan guarantee it has already been promised, according to the two companies leading the project.
Southern Co. and Oglethorpe Power Corp., which are the lead owners of two new reactors under construction at Plant Vogtle, said they are in talks with the U.S. Energy Department to rework the terms of their guarantee, including increasing government financing.