Trump Admin Gives Nukes a Boost With $3.7B Loan Guarantee and DOE Ruling

By [email protected] The Trump administration announced conditional commitments for $3.7 billion in loan guarantees on Friday to keep the country’s last new nuclear power plant construction effort from folding. It’s the first time the administration has tapped the Energy Department loan guarantee program that also funded Solyndra, and comes on top of $8.3 billion in federally-backed loan guarantees received by the project over its 10-year lifetime.

Meanwhile, Energy Secretary Rick Perry’s request to federal regulators to create a market value for baseload nuclear and coal power plants could provide the industry an additional boost — if the notice of public rule-making (NOPR)

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