Perry announces $3.7 billion to support making nuclear “cool again”

Matt Kempner / The Atlanta Journal-Constitution

The Trump administration on Friday doubled down on its backing of Georgia’s troubled Plant Vogtle expansion project, approving billions of dollars in new federal loan guarantees.

 U.S. Energy Secretary Rick Perry and other state and federal officials came to the site south of Augusta to offer support for the only nuclear power project still underway in the nation. Though the project is already billions of dollars over budget and years behind schedule, Perry announced finalization of another $3.7 billion in financing guarantees that had been conditionally committed earlier.

That’s on top of $8.3 billion in earlier loan guarantees made during the Obama administration, for a total of $12 billion in guarantees backed by taxpayers.

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