Obama Goes Nuclear
Loan guarantees in the 2011 federal budget could help revive the nuclear power industry. President Obama’s proposed 2011 budget could provide a significant boost to the U.S. nuclear power industry, which has been stalled for decades. If approved by Congress, the budget would provide $36 billion in loan guarantees for nuclear power plants , opening the way for around seven new nuclear power plants, depending on the final cost of each. The new guarantees are in addition to $18.5 billion in guarantees provided for in a 2005 energy bill.
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Obama Goes Nuclear
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