Federal Loans for Energy 9-28-25

The U.S. Department of Energy (DOE) provided approximately $12 billion in federal loan guarantees to support the expansion of the Plant Vogtle nuclear facility in Georgia, near Atlanta, through its Loan Programs Office. This funding was crucial in financing the construction of the project's two new nuclear reactors, with initial loan guarantees issued by the Obama administration and additional guarantees provided by the Trump administration to help finance the continued construction.  

Here's a breakdown of the federal funding:

·       Total Federal Loan Guarantees: Approximately $12 billion. 

·       Issued to:Georgia Power and its co-owners (Oglethorpe Power Corporation and the Municipal Electric Authority of Georgia). 

·       Purpose: To finance the construction of two new nuclear reactors at Plant Vogtle. 

·       Funder: The Department of Energy's Loan Programs Office. 

The expansion of Plant Vogtle, located near Waynesboro, Georgia, received $12 billion in federal loan guarantees from the Department of Energy (DOE). 

Key Details

·       The initial commitment for $8.3 billion in loan guarantees was made by the Obama administration.

·       An additional $3.7 billion in loan guarantees was provided by the Trump administration.

·       These federal guarantees reduced the borrowing costs for the project.

·       The expansion involved constructing two new reactors (Units 3 and 4) at the existing plant site. 

https://www.google.com/search?q=how+much+federal+funding+was+used+to+expand+the+nuclear+power+plant+in+atlanta

Comments

This Federal Funding might have been authorized to encourage “relearning” nuclear power plant construction.

I oppose Federal Funding of Bike Lanes, 12-foot wide Multi-use sidewalks, parks, greenspace, most roundabouts and Highway Toll Lanes.

Norb Leahy, Dunwoody GA Tea Party Leader