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Westinghouse bankruptcy puts $8.3B in federal loan guarantees for Vogtle plant at risk

Few appear to have been prepared for the aftermath of the Westinghouse Electric bankruptcy, which has set off a showdown between Toshiba and a major U.S. utility, has left the fate of four half-finished nuclear reactors and is threatening to drive a wedge between the US and Japanese governments over the fate of industries each considers vital.

Although the PSC does not regulate the public power owners involved in the Plant vogtle. federal financing Bank lending through a 100% loan guarantee backed by the U.S. Department of Energy. In.

He warned that taxpayers could still end up on the hook for billions of dollars if the Vogtle project goes belly up. Unlike VC Summer, Vogtle managed to win themselves more than $US8 billion in.

The recommendation was based on the results of a comprehensive schedule, cost-to-complete and cancellation assessment launched following the Westinghouse bankruptcy. from federal production tax.

DOE Loan Guarantee Program: Vogtle Reactors 3&4. August 2017 In February 2010, the Department of Energy (DOE) conditionally offered Southern Company and its partners a total of $8.33 billion in taxpayer-backed loan guaranteesi to build two nuclear reactors in Georgia.

Vogtle nuclear plant, about 30. divulge the details of the loan guarantees, namely the credit subsidy fees — an amount that represents the "price tag" nuclear developers must pay to the federal.

To her right loom the twin towers of the Vogtle Electric Generating Plant and, in the distance. partly led the Bush administration to grant billions of dollars in loan guarantees and tax credits to.

Today, after including these savings, anticipated customer benefits from federal production tax credits, interest savings from loan. guarantees backed by Toshiba as the parent company of.

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Today, after including these savings, anticipated customer benefits from federal production tax credits, interest savings from loan guarantees from. continued uninterrupted at the Vogtle site.

Southern had also objected to Westinghouse’s move to use its intellectual property to guarantee an $800 million debtor-in-possession loan. put the completion of the project at risk. Southern has.

Toshiba, hit by the bankruptcy of its U.S. subsidiary Westinghouse, saw its.. of an increasing number of nuclear plants “at risk” of early closures. bankruptcy puts $8.3B in federal loan guarantees for Vogtle plant at risk”,

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