February 16th, 2010
10:06 AM ET
4 years ago

Obama announces loan guarantees for two nuclear reactors in Georgia

ALT TEXT

The San Onofre Nuclear Generating Station is located north of San Diego. (PHOTO CREDIT: Getty Images)

Washington (CNN) – President Barack Obama announced $8.3 billion in loan guarantees Tuesday for two nuclear reactors to be built in Burke County, Georgia.

A new nuclear power plant has not been built in the United States in three decades.

The new reactors are to be part of an expansion of an existing nuclear facility near Augusta, Georgia, operated by Atlanta-based Southern Company.

The loan guarantees will help create 3,500 on-site construction jobs and 850 permanent operations jobs, administration officials claimed. The reactors will help provide power to over 550,000 homes and 1.4 million people, it said.

"This is only the beginning," Obama said during a visit to an International Brotherhood of Electrical Workers training facility in Lanham, Maryland. "We'll continue to provide financing for clean energy projects ... across America."

The president acknowledged that construction of new nuclear facilities will meet with some political resistance. Nuclear development has traditionally been opposed by more progressive elements of the Democratic Party. But nuclear power, he said, remains the country's largest source of fuel that produces no carbon emissions.

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Filed under: President Obama
soundoff (50 Responses)
  1. Duck Fallas

    Excellent.

    Now how about approving $8.3 million for two nuclear weapons for Afghanistan and Pakistan?

    February 16, 2010 10:55 am at 10:55 am |
  2. patNY

    But where will they store all of the nuclear waste this plant will generate and last for 300 years? Perhaps they can store it Cheney's back yard!

    February 16, 2010 10:58 am at 10:58 am |
  3. Conservative Voice

    Right more union jobs for your buddies....why aren't you trying to help small business owners? They supply at least 70% of the jobs here....

    February 16, 2010 11:00 am at 11:00 am |
  4. Bob

    Thank you Mr. President. It is about time that we realize that nuclear power is not the enemy and is safe. If France has taught us anything, its that you can power a country on nuclear. Way to go Obama!

    February 16, 2010 11:02 am at 11:02 am |
  5. Fair is Fair

    Finally!!!!!

    This country should have at least 75% of it's electricity generated by nuclear power. Safe... efficient... and clean.

    Of course there's going to be some far-left tree-huggers that are going to have problems with this. To who I say YOU go live back in the stone age and keep yourself warm with a campfire.

    February 16, 2010 11:03 am at 11:03 am |
  6. If you want something ruined, put a republican in charge

    Ever notice how the republican congressmen voted against the stimulus, and are now taking credit for the jobs it created in their districts and states? All they have left is fear. After all, scaring the hell out of the vulnerable worked so well for them in the 1950's through the election of 2004.

    February 16, 2010 11:05 am at 11:05 am |
  7. Nick

    Thank you Mr. President. This is long over-due.

    February 16, 2010 11:08 am at 11:08 am |
  8. chris l

    Funny how during the campaign McCain was for building Nuclear Reactors for energy while Obozo was adamently against it. I guess Obozo flip flopped. Typical Lib Clown.

    February 16, 2010 11:11 am at 11:11 am |
  9. Torch

    Well, this is some good news for a change.

    If we could just drill here in America and offshore, 2 things are sure to happen.

    the price of gas would go down significantly

    there would be a lot of new jobs created.

    It's such a no brainer, but when you have Pelosi and Reid, then you're dealing with no brains.

    February 16, 2010 11:12 am at 11:12 am |
  10. If you want something ruined, put a republican in charge

    I know the elected congressmen in Georgia will condemn the jobs it will create, but we need to get away from their "Drill, baby drill" mentality.

    February 16, 2010 11:12 am at 11:12 am |
  11. obamacrat

    the GOP is against this, I don't know how yet...but somehow

    February 16, 2010 11:13 am at 11:13 am |
  12. Bedtime for Obonzo

    Good. Keep 'em coming.

    February 16, 2010 11:15 am at 11:15 am |
  13. AJ

    Georgia? Why on earth would he do that. He might want to try and spend money on a place that actually voted for him. Vermont Yankee is crumbling and in need of replacement. We could use the jobs. Oh I forgot, Obama takes his base for granted and is doing everthing he can to appease the right wing. Well good luck! While his base flees and either stayes home during the elections or votes independent, he can snuggle up with the republicans. Maybe they'll keep him warm while his party is once again in the minority.

    February 16, 2010 11:18 am at 11:18 am |
  14. buckwheat

    This is a step in the right direction if every worker is a legal or documented worker and the material is from the United States when possible and also all the equipment used in the construction is made in America. Enough of the import junk such as the inferior wall board brought in here and used to build houses that are now unfit to live in.We should watch importers who bring anything into this country and test the materials before they are used in construction. Making cost cuts on nuclear power stations is a problem we could create for our children. We should also quit farming out data that is now being processed off shore and sent back to our country by our government because it is cheaper.We can not sit back and continue to let other countries do work we should be doing. We have to produce to get out of this mess.

    February 16, 2010 11:22 am at 11:22 am |
  15. Gate

    Oh, I thought I voted for a Democrat. I guess there aren't any of those anymore.

    February 16, 2010 11:22 am at 11:22 am |
  16. tainopower

    He is throwing the environmentalist under the bus. Good job president obama let’s drill for oil next week.

    February 16, 2010 11:28 am at 11:28 am |
  17. Brad

    From a Libertarian-Republican.... I agree with this. I'm glad to see people on the left beginning to open up to nuclear.

    February 16, 2010 11:32 am at 11:32 am |
  18. Jane/Seattle

    Why should these big corporations get loan guarantees? We don't get anything except fees and more charges from these predatory firms in Amerika. Why do taxpayers have to pay for capitalist investments? We are Tired of Paying and getting so little for our money! Just goes to show who this government works for and it is not us! These companies will get paid enough once they start gouging us for the money later. Why give them anything now? Can I get some guarantee if I caan't pay my bills? NO as I am not a company screwing with the government!

    February 16, 2010 11:33 am at 11:33 am |
  19. SC-Pub "no" more

    After a while, these right-wing-nut-megs are going to have to admit (even if privately), Obama is at least trying. He is not incognito as were Bush and Darth Cheney.

    February 16, 2010 11:33 am at 11:33 am |
  20. Steve Kinney

    This announcement is great for nuclear energy, but here in the midwest we are in a critical time because of the failure of the senate to pass the Biodiesel Tax Credit Bill. I work for a Biodiesel plant and our production has ground to a halt and are threaten at being laidoff becuase of this failure. There are several thousand workers in the Biodiesel industry that are either laidoff already or have the same concern that I have of a layoff. Biodiesel also helps break the dependence on foreign oil and is a green energy source that also helps the environment, agriculture, and the economy. Biodiesel is already here, not a planned plant. We desparately need the Biodiesel Tax Credit bill to be passed ASAP to protect Green, American jobs HERE and NOW

    February 16, 2010 11:34 am at 11:34 am |
  21. Mike in MN

    This is great news. Nuclear is clean and costs a lot less than alternative energy sources like wind and solar. Nuclear is the best way to go to reduce use of fossil fuels. Does this have to pass Congress? Most of the Democrats in the House and Senate have been opposed to more nuclear.
    Independents and conservatives will love this.
    But this will not win any compromise from Republicans to vote for cap and trade. Cap and trade is a tax on fossil fuels that will make us all pay more for our electricity, gasoline and heating and cooling our homes. And we would all have to pay more for most of our goods and services as the higher energy costs needed to produce them would be passed on to consumers.
    With the almost daily mounting evidence that global warming is bad science and a fraud, cap and trade should never be passed. Instead an energy independence bill that does not tax fossil fuels should be passed that increases all types of domestic energy production, both fossil and alternative and reduces our dependency on foreign oil.

    February 16, 2010 11:37 am at 11:37 am |
  22. donttreadonme

    It is about time this President pulls away from the left wing special interests groups that have so much influence over his policies.
    We need fuel solutions now not just future promises. If we are going to use oil for the next 10 years why not make it our oil?

    February 16, 2010 11:39 am at 11:39 am |
  23. Airdoc

    Is he going to be able to stop the environmentalists from stopping these sites just like they have at other locations? Heaven forbid we take up the living place of a brown chested, gray legged field mouse!

    February 16, 2010 11:39 am at 11:39 am |
  24. People's Voice

    It's about time.

    February 16, 2010 11:39 am at 11:39 am |
  25. Four and The Door

    This is a much better use of resources than building fast trains for areas with high concentrations of Administration-friendly congressmen. Nuclear energy makes sense.

    February 16, 2010 11:42 am at 11:42 am |
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