Talks continue over Ga. nuclear plant loans - | Chattanooga News, Weather & Sports

Talks continue over Ga. nuclear plant loans

Associated Press

ATLANTA (AP) - Three years after the U.S. government pledged billions of dollars for a nuclear plant in Georgia, Southern Co. and its partners haven't closed the deal.

President Barack Obama's administration recently agreed to once again extend a deadline for agreeing on the lending terms for a first-of-its-kind nuclear plant in the state.

Under the plan, the government would provide $8.3 billion in low-interest lending to the utilities who own the new reactors at Plant Vogtle (VOH'-gohl).

A combination of issues seems to have slowed the process. Southern Co. officials say they are still interested in the loans if the terms make sense for shareholders and customers.

Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Powered by Frankly