Senate Bill Includes Nuclear Loan Guarantee Money
- Posted by studio305
- on December 15, 2010
- 11:24 AM
12/14/2010
from the Associated Press/AP Online
WASHINGTON – The Senate would provide $8 billion in new loan guarantees for nuclear power plant construction under a large omnibus year-end spending bill. That’s a bit more than the $7 billion the House approved last week – but far less than the $36 billion President Barack Obama requested in his budget. The bill includes $4 billion in loan guarantees for fossil fuels and $405 million in credit subsidy funding for renewable energy projects. And it would spend about $7 billion on the nuclear weapons program. Overall, the bill would provide $34.5 billion for the Energy Department, the Interior Department’s water programs, and the Army Corps of Engineers. The bill would restore funding for 172 Corps projects in 41 states that Obama’s budget proposed canceling.
Featured Affiliate
Phoenix Forging Company
Phoenix Forging Company, a member of the Phoenix Forge Group, is a proud domestic manufacturer of steel tank and cylinder fittings based in Catasauqua, PA. Phoenix Forge was founded in 1882.
www.phoenixforge.com
“Networking at STI/SPFA meetings has given us new ideas to manufacture our products more efficiently.”
Sonny Underwood
Mid-South Steel Products, Inc.