• 5 minutes 'No - Deal Brexit' vs 'Operation Fear' Globalist Pushback ... Impact to World Economies and Oil
  • 8 minutes China has *Already* Lost the Trade War. Meantime, the U.S. Might Sanction China’s Largest Oil Company
  • 12 minutes Will Uncle Sam Step Up and Cut Production
  • 6 hours OPEC will consider all options. What options do they have ?
  • 15 mins Danish Royal Palace ‘Surprised’ By Trump Canceling Trip
  • 4 hours Trump vs. Xi Trade Battle, Running Commentary from Conservative Tree House
  • 10 hours What to tell my students
  • 3 hours NATGAS, LNG, Technology, benefits etc , cleaner global energy fuel
  • 23 mins A legitimate Request: France Wants Progress In Ukraine Before Russia Returns To G7
  • 14 hours Recession Jitters Are Rising. Is There Reason To Worry?
  • 10 hours With Global Warming Greenland is Prime Real Estate
  • 8 hours China Threatens to Withhold Rare Earth Metals
  • 23 hours TRUMP'S FORMER 'CHRISTIAN LIAISON' SAYS DEEPWATER HORIZON DISASTER WAS GOD'S PUNISHMENT FOR OBAMA ISRAEL DIVISION
  • 22 hours Maybe 8 to 10 "good" years left in oil industry * UAE model for Economic Deversification * Others spent oil billions on funding terrorism, wars, suppressing dissidents, building nukes * Too late now
  • 19 hours CLIMATE PANIC! ELEVENTY!!! "250,000 people die a year due to the climate crisis"
  • 1 day Flaring is at Record Highs in Texas
Alberta Extends Oil Production Cuts

Alberta Extends Oil Production Cuts

Alberta has announced an extension…

Zainab Calcuttawala

Zainab Calcuttawala

Zainab Calcuttawala is an American journalist based in Morocco. She completed her undergraduate coursework at the University of Texas at Austin (Hook’em) and reports on…

More Info

Twin Nuclear Plants In Georgia Get $3.7 Billion Lifeline

Nuclear

Nuclear power plants received a much needed boost from the Trump administration this week when the White House approved $3.7 billion in loan guarantees for two struggling power plants in Georgia.

The pair is currently under construction, and has already received $8.3 billion in similar loans from the Obama administration.

The loans would be funneled through three companies to the two projects. Of the promised debt, $1.67 billion would go to the Georgia Power Company, $1.6 billion would go to the Oglethorpe Power Corporation and $415 million would go to the Municipal Electric Authority of Georgia.

To date, the U.S. government has offered $12 billion for this pair of projects.

Nuclear power projects in the U.S. have had to battle the rise of natural gas – a fossil fuel considered to be healthier for the environment than coal and oil, while being cheaper than nuclear energy. The Energy Information Administration says the share of nuclear in the U.S. electricity generation mix will drop from 20 percent in 2016 to 11 percent in 2050, as more nuclear capacity is retired than built, and as other fuels such as natural gas and renewables gain market share.

Related: Oil Prices Haven’t Plateaued Yet

According to a nuclear fuel expert who has worked on developing nuclear gas turbines, some 80 percent of the substantial construction costs for nuclear power projects where nuclear fission is used to heat steam plants is spent on the technology and facilities outside of the so-called nuclear island, the one that contains the nuclear reactor.

According to the Nuclear Energy Institute (NEI), a total of 99 nuclear reactors currently supply around 20 percent of the U.S. electricity and approximately two-thirds of the nation’s carbon-free electricity.

By Zainab Calcuttawala for Oilprice.com

More Top Reads From Oilprice.com:



Join the discussion | Back to homepage

Leave a comment

Leave a comment

Oilprice - The No. 1 Source for Oil & Energy News
Download on the App Store Get it on Google Play