DOE says that Fukushima disaster will not affect loan guarantees for US nuclear plants

The Nuclear Energy Institute carried a link to a Platts News Service article from yesterday:

The head of the US Department of Energy’s loan guarantee program said Thursday that the Fukushima nuclear disaster in Japan will not derail the Obama administration’s plan to help finance proposed reactors in Maryland, Texas and South Carolina.

Jonathan Silver told a House of Representatives’ subcommittee that DOE still intends to support the three projects with loan guarantees, provided Congress gives DOE the additional $36 billion in loan guarantee authority that the Obama administration requested for fiscal 2012.

“From an investment perspective, [the Fukushima incident] does not affect our timeline,” Silver told the Energy and Water Development Subcommittee of the House Appropriations Committee. “It is too early to tell what the actual implications on the timeline will be, but I have every expectation we will be able to put that capital to work in a meaningful timeframe.”

Depressing. Here’s the link: http://www.platts.com/RSSFeedDetailedNews/RSSFeed/ElectricPower/3373752

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About Robert Singleton

By day, I work for a call center. In my spare time, I try to save my hometown (and planet) from a nearly constant onslaught of greedheads, lunatics and land developers. I live in a fictional town called Austin, Texas, where I go to way too many meetings.
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