U.S. DOE says $13 bln needed in nuclear loan help

From Reuters:

U.S. Energy Secretary Steven Chu said on Wednesday that the Energy Department would need an additional $13 billion in authority from Congress to provide loan guarantees for building three new nuclear plants.

The department in February awarded $8.3 billion in loan guarantees to help build the first U.S. nuclear power plant in nearly three decades.

Chu told a Senate subcommittee that the $12 billion the department had left in loan guarantee authority would be enough to cover one more nuclear plant project that is seeking government help.

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