Loans to Boost Nuclear Industry Seen Coming Soon

The Obama administration is poised to announce loan guarantees to help kick-start the country’s nuclear power industry, which hasn’t built a new plant in more than three decades.

Congress authorized $18.5 billion for nuclear loan guarantees in 2005, hoping to revive development of the carbon-free source of energy. Investments in nuclear power have dried up on soaring costs following the 1979 accident at Three Mile Island.

But earlier this year, the U.S. Energy Department signaled it was keen to aid the industry and narrowed the list of those likely to receive loan guarantees to four:

Full Story Loans to Boost Nuclear Industry Seen Coming Soon – CNBC.

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