February 16th, 2010
10:06 AM ET
5 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. File under "Sarcasm"

    How about streamlining the EPA, OSHA, Army Corpse* of Engineers and other regulatry procedures which means it takes 20 years for permit approval.

    *as it is known to President Obama

    February 16, 2010 10:12 am at 10:12 am |
  2. jR

    this is stupid.. theres a reason no nuclear pant has been built to completion since 72..

    February 16, 2010 10:14 am at 10:14 am |
  3. Randolph Carter, I'm no expert but....

    It feels good to have a president who can pronounce the word nuclear correctly. That said, who are the International Brotherhood of Electrical Workers? I thought we smashed the last of the "evil unions who ruined our country". Have a nice day!

    February 16, 2010 10:14 am at 10:14 am |
  4. Jon

    Where does he plan to store the waste now that he has pulled all the funding from Yucca Mountain? Probably somewhere in Illinois where some of his cronies have already purchased land on the cheap, knowing they can then lease it to the Fed for a huge profit.

    February 16, 2010 10:17 am at 10:17 am |
  5. Dar

    Yup, taking care of his union buddy's, what about those of us that dont and wont belong to a union, what about us Odumbo.
    He only cares about who took care of him and screw the rest of us.
    It sure is funny how Odumbo talked about wind and solar for our future but is now doing what McCain said he wanted to do.
    Odumbo has a vison but is finding out that fairy tales are just that, fairy tales.
    At leaset someone will get a job out of this, even if it is corrupted by the union thugs.

    2010/2012 REAL Change is coming

    February 16, 2010 10:18 am at 10:18 am |
  6. roland

    its about time. the only practical way to cut emissions folks

    February 16, 2010 10:18 am at 10:18 am |
  7. Andy

    Good,only took him a year to realize we needed jobs.Maybe his on the job training is kicking in.I bet A Republican steered him to this opportunity for these jobs.I know could not have been a Dem,they are too busy blaming it on Bush. I bet this plant was notes from Bush..NO unless someone put it on a telepromter.

    February 16, 2010 10:19 am at 10:19 am |
  8. Jim - Michigan

    Finally a plan that will generate jobs and will help reduce dependency on foreign oil. This is the first plan I have seen that creates "Permanent" jobs, not some seasonal or part-time jobs. I can get behind this spending and support it, now we just need to copy this throughout the rest of the stimulus spending.

    February 16, 2010 10:20 am at 10:20 am |
  9. Tanner

    Glad to hear we are getting some nuclear power!

    Where does this guy get all his money? wait, it's from me!

    February 16, 2010 10:22 am at 10:22 am |
  10. Cayce

    This plant was 1st proposed during the Bush administration and has taken several years for the permits.Now the loan has been requested.Blame this on Bush.

    February 16, 2010 10:23 am at 10:23 am |
  11. Sam Sixpack

    Another zero risk deal on the Wall Street gravy train.

    February 16, 2010 10:27 am at 10:27 am |
  12. geecee

    I had always been against nuclear power my entire life, but now I realize we have to sometimes resort to the lesser of two evils – the other evil being reliance on foreign oil. So, if we can keep the nuclear plants safe and dispose of the nuclear fuel correctly and safely, then nuclear power plants seem to be a clean way of generating power throughout this country. France seems to be doing it right. The key is build them strong, no short-cuts, and high security all the time. We can do it right!!

    February 16, 2010 10:28 am at 10:28 am |
  13. Chris D.

    Nice......Mr. President.......No matter what the naysayers, and fair weather friends have to say, you are doing a incredible job......History will justify your decisions........By time you're up for re-election, America will be in a full recovery.

    February 16, 2010 10:28 am at 10:28 am |
  14. terry

    Now that is some really CLEAN ENERGY, is it possible that everything Obama has done has been a lie? I'm sure that nuclear waste will be very good for all the local streams and low income neighborhoods that it will flow to. This guy might be the worst president we have ever had. Lies and arrogance = hate and unemployment.

    February 16, 2010 10:30 am at 10:30 am |
  15. Rick McDaniel

    Soooo, how many jobs will actually be created, for American citizens? Then how many illegal aliens will find work there, because the government will conveniently look the other way??????

    February 16, 2010 10:34 am at 10:34 am |
  16. alex lyrics

    What great timming as we are telling Iran they can't have nukes.

    We need to concentrate on ending those wars, this is why we are losing seats.

    Obama should have ended both of those wars, or at least one right off the bat in office.

    Obama could have easily ended the Iraq war, its basically over anyhow. Iraq is running their own country now and also securing it.

    Obama did a great Job of losing interest of all those celebs who rallied to support him, by not endeng at least one of those wars.

    We need to keep our campaign promises

    February 16, 2010 10:40 am at 10:40 am |
  17. Candi

    He is just" johnny on the spot",kinda a "take the bull by the horns "type guy,a wasted year and he decides to do something about jobs.Too bad by the time this plant is up and running HE WILL BE OUT OF A JOB.This had to be planned during the Bush administration also or he would have missed this also.At least he is working on a loan,just do not get Barney" Ruin the housing business" Frank around ,Frank and repay loans is something Frank just does not understand.

    February 16, 2010 10:41 am at 10:41 am |
  18. eolufemi

    Great, this is a great step toward energy independence. Hopefully, we move toward using thorium in the new reactors, we're building over the next decade.

    February 16, 2010 10:41 am at 10:41 am |
  19. Hows that nonunion made Toyota workin for ya?

    Please put one in Rushs backyard or does he only work for ExxonMobil?

    February 16, 2010 10:43 am at 10:43 am |
  20. K

    Thorium reactors, Obama. Read about 'em.

    February 16, 2010 10:43 am at 10:43 am |
  21. Dutch/Bad Newz, VA

    Great news. How many more green projects are there like this?

    February 16, 2010 10:49 am at 10:49 am |
  22. Ryan from Bloomington

    Yea! BO's actually spending money on something useful. It's about time.

    February 16, 2010 10:50 am at 10:50 am |
  23. richp the poconos

    $8.3 billion dollars would put solar roofs on 100,000 homes. Create 50,000 jobs for sales, installers and service people. Instead my tax dollars are paying a corporation to build a nuke reactor that will be overpriced, over bidden, poorly designed by architects that have to designed or built one in over 20 years.
    So, whose taking odds it will come in on schedule and either on or under budget.

    February 16, 2010 10:50 am at 10:50 am |
  24. Henry Miller, Libertarian

    One of the few sensible things Obama has done over the last thirteen months.

    February 16, 2010 10:51 am at 10:51 am |
  25. Pittsburgh voter

    It's about time that government did something to revive nuclear energy. While I don't agree with the loan guarantees, I do agree that the government needs to much friendlier to nuclear power. Now, let's do something about Yucca Mountain or some alternative for storage of high level radioactive waste.

    February 16, 2010 10:54 am at 10:54 am |
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