Obama tweaks $12.5 billion in nuclear power loans


The Obama administration announced Friday that it will supplement its $12.5 billion loan guarantee program to build and license new nuclear reactors, but very little new money is being made available.

The announcement was made during a nuclear energy summit held at the White House Friday to discuss the role of nuclear power in producing zero-emission energy to combat climate change.

The Energy Department will be "supplementing its existing solicitation that makes up to $12.5 billion in loan guarantees available to support innovative nuclear energy projects," according to a White House fact sheet.

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