President Obama announced the first federal nuclear-power loan guarantee, $8 billion for Southern Co. to build two new reactors in Georgia.
In a speech at a job-training center at the IBEW Local 26 headquarters in Lanham, Md., Obama said the loan guarantee will help “build a new generation of safe, clean nuclear power plants in America” as part of a White House effort to create a “clean energy” economy and reduce greenhouse gas emissions.