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What does DOE want in return for a loan guarantee? This is my coverage, as published, by Fuel Cycle Week V10:N410 of 2/3/11; International Nuclear Associates, Washington, DC. Financially challenged USEC ( NYSE:USU ) could succeed in building the new American Centrifuge Plant (ACP) by 2015, if all of...

You can't make stuff if utilities aren't building reactors This blog post is based on my report published in Fuel Cycle Week V9:N395 on 09/30/10 by International Nuclear Associates, Washington, DC The annual conference of the Nuclear Fabrication Consortium ( NFC ) held in Cleveland Sept 21 was...

It's the first of at least four such agreements with utilities and the Department of Energy The Southern Company ( NYSE:SO ) has signed an agreement with the federal government for a loan guarantee covering $3.4 billion in costs for the project which involves two new Westinghouse 1,150 MW AP1000...

NRG makes peace with CPS President Obama's announcement ( videos ) Feb 16 of an $8.3 billion loan guarantee for twin Westinghouse 1,150 MW AP1000 reactors at Southern's Vogtle site in Georgia has snapped heads to attention in Texas. Obama also said he would ask Congress for an additional $36...

He approves $8.3 billion in the first federal loan guarantees for nuclear energy President Barack Obama finally came out in support of nuclear energy after a year of apparent indifference. This past week he approved $8.3 billion in federal loan guarantees for two new Westinghouse AP1000 1,150 MW nuclear...

Idaho Falls Post Register pays attention to the French nuclear giant’s financing plans for the Eagle Rock uranium enrichment plant The arcane world of federal loan guarantees got a little bit easier to understand this week as a result of a front page, above-the-fold article published in the Idaho Falls...

Betting the company, even with insurance, is a bad idea Advocates of loan guarantees for new nuclear power plants have  argued that federal insurance for 100% of the loans and 80% of the cost of the new plant will provide confidence to investors.  The idea is that by reducing lender exposure...

Expansion of federal loan guarantees could create 100,000 jobs The Federal loan guarantee program for construction of nuclear power plants, set by Congress at $18.5 billion, could if expanded to cover the entire fleet of proposed new reactors, create nearly 80,000 construction jobs, and more than 17...

The Department of Energy's loan guarantee program is overloaded In an old joke told to me by a man who made a living clearing  farmers' fields of tree stumps with dynamite, a truck is driving down the street of a small town and something unusual happens every time it comes to a stop light...

NRC Commissioner says feds fall short Gregory Jaczko, a member of the Nuclear Regulatory  Commission ( NRC ), went to London last week to say the obvious about federal loan guarantees , something he should be saying here in the states.  What he said was that the U.S. government's $18.5...

Predictably green groups see red Federal loan guarantees for energy projects finally made it to the finish line in Congress this week. After a dismal start last year on a muddy track, nuclear and renewable energy technologies get a mostly equal share of the purse. In the Omnibus Appropriations Bill is...

Fate of Loan Guarantees Tied to Funding Bills Industry and Environmental Groups Contend for Influence by Dan Yurman, Contributing Reporter Fuel Cycle Week V6 N244 September 4, 2007 As Congress returns from its August recess, it is facing a key issue for the nuclear industry, whether and how much support...

David Frantz has the financial background to run a successful program, but will OMB let him? The U.S. Department of Energy (DOE) announced that it is implementing its loan guarantee program by naming David G. Frantz to serve as its Director. Mr. Frantz will report directly to DOE’s Chief Financial Officer...