Michele Kearney's Nuclear Wire

Major Energy and Environmental News and Commentary affecting the Nuclear Industry.

Wednesday, July 21, 2010

Senate panel OKs DOE funding bill, cuts nuclear loan guarantees

Senate panel OKs DOE funding bill, cuts nuclear loan guarantees



A Senate Appropriations panel on Tuesday approved a spending bill that contains less than half the loan guarantees for nuclear projects than was endorsed in the House version. The Senate Appropriations Energy and Water Development subcommittee voted to provide $10 billion for nuclear loan guarantees, in contrast to the $25 billion that the House panel approved last week. "I wish it could be higher, but I recognize the budget constraints," said Sen. Byron Dorgan, D-N.D., the subcommittee's chairman. Platts

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