{"id":4509,"date":"2013-07-04T14:36:15","date_gmt":"2013-07-04T18:36:15","guid":{"rendered":"http:\/\/www.l-a-k-e.org\/blog\/?p=4509"},"modified":"2013-07-04T14:36:46","modified_gmt":"2013-07-04T18:36:46","slug":"vogtle-nuke-loan-deadline-extended-for-third-time","status":"publish","type":"post","link":"http:\/\/www.l-a-k-e.org\/blog\/2013\/07\/vogtle-nuke-loan-deadline-extended-for-third-time.html","title":{"rendered":"Vogtle nuke loan deadline extended for third time"},"content":{"rendered":"

\nWe don’t know
\n
\nthe federal cost estimates<\/a> or the
\n
\nterms and conditions<\/a>
\nor why Plant Vogtle just got another three month extension
\non that $8.33 billion federal loan guarantee.\n<\/p>\n

\n
\n<\/a>
\nRob Pavey wrote for the August Chronicle yesterday,
\n
\nFederal loan guarantee offer for Vogtle expansion extended again<\/a>,\n<\/p>\n

\n

\nThe owners of Plant Vogtle have secured — for the third time
\n— an extension to allow further negotiation with the U.S.
\nEnergy Department over its 2010 offer of up to $8.3 billion in
\nfederal loan guarantees to help finance two new nuclear reactors.\n<\/p>\n

\nGeorgia Power and co-owners Oglethorpe Power and Municipal Electric
\nAuthority of Georgia were conditionally approved in February 2010
\nfor loan-guarantee financing, in which the government promises to
\nassume a company’s debt if the company defaults. However, the
\ndetails were never agreed on. Two extensions have since expired,
\nwith the most recent deadline — June 30 — passing
\nwithout any formal agreement in place. Jeannice M.W. Hall, a
\nSouthern Co. spokeswoman, said in an e-mail Wednesday that the new
\nextension sets a Sept. 30 deadline for completing the loan guarantee
\narrangements.\n<\/p>\n<\/blockquote>\n

\nWith Southern Company’s stock already
\n
\ndowngraded because of Kemper Coal and Plant Vogtle<\/a>,
\nafter
\n
\nS&P’s downgraded SO’s credit<\/a>,
\nand with
\n
\nstill more cost overruns at Kemper<\/a>
\non top of
\n
\nVogtle being 19 months late and a billion dollars over budget<\/a>,
\nas
\nGloria Tatum asked back in May<\/a>,
\nwhy is SO gambling on nuclear instead of solar?<\/p>\n

\nIf you’re tired of this, you can
\n
\nask DoE Secretary Ernest Moniz to revoke that loan<\/a>.\n<\/p>\n

\n -jsq<\/p>\n","protected":false},"excerpt":{"rendered":"

We don’t know the federal cost estimates or the terms and conditions or why Plant Vogtle just got another three month extension on that $8.33 billion federal loan guarantee. Rob Pavey wrote for the August Chronicle yesterday, Federal loan guarantee offer for Vogtle expansion extended again, The owners of Plant Vogtle have secured — for […]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[14,18,2,104],"tags":[4256,2904,8704,6587,8701,8708,8699,8702,612,12,7,8737,107,108,6],"class_list":["post-4509","post","type-post","status-publish","format-standard","hentry","category-economy","category-georgia-power","category-government","category-nuclear","tag-department-of-energy","tag-doe","tag-economy","tag-ernest-moniz","tag-georgia","tag-georgia-power","tag-government","tag-lake","tag-loan","tag-lowndes-area-knowledge-exchange","tag-lowndes-county","tag-nuclear","tag-plant-vogtle","tag-southern-company","tag-valdosta"],"_links":{"self":[{"href":"http:\/\/www.l-a-k-e.org\/blog\/wp-json\/wp\/v2\/posts\/4509","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/www.l-a-k-e.org\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/www.l-a-k-e.org\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/www.l-a-k-e.org\/blog\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"http:\/\/www.l-a-k-e.org\/blog\/wp-json\/wp\/v2\/comments?post=4509"}],"version-history":[{"count":2,"href":"http:\/\/www.l-a-k-e.org\/blog\/wp-json\/wp\/v2\/posts\/4509\/revisions"}],"predecessor-version":[{"id":4511,"href":"http:\/\/www.l-a-k-e.org\/blog\/wp-json\/wp\/v2\/posts\/4509\/revisions\/4511"}],"wp:attachment":[{"href":"http:\/\/www.l-a-k-e.org\/blog\/wp-json\/wp\/v2\/media?parent=4509"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.l-a-k-e.org\/blog\/wp-json\/wp\/v2\/categories?post=4509"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.l-a-k-e.org\/blog\/wp-json\/wp\/v2\/tags?post=4509"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}