Amount the U.S. Department of Energy is providing in loan guarantees to Southern Company subsidiary Georgia Power and partner Oglethorpe Power to build two new reactors at the Vogtle nuclear power plant near Augusta, GA: $6.5 billion

Dollar amount the DOE typically charges in credit subsidy fees for such loan guarantees to cover the risk borne by U.S. taxpayers should anything go wrong with the project: several hundred million

Amount the DOE is charging Georgia Power and Oglethorpe Power in credit subsidy fees for the Vogtle project, according to documents released in response to a journalist’s Freedom of Information Act request: $0

Number of times the Southern Alliance for Clean Energy took DOE to court to get it to release some information about the Vogtle deal, though the government did not disclose the free credit offering to the watchdog group: 2

Amount that Constellation Energy Group, now a subsidiary of Exelon Corp., was asked to pay in credit fees for a loan guarantee for a Maryland reactor, leading it to cancel construction plans: $880 million

Year in which the Government Accountability Office issued a report that said if DOE underestimates the credit subsidies, “taxpayers will ultimately bear the costs of defaults”: 2012

Amount the DOE charged in credit subsidy fees for a $535 million loan guarantee for solar-panel maker Solyndra, which later went bankrupt, leading to political attacks by House Republicans against the Obama administration: $0

Number of months that the Vogtle project is already behind schedule: 21

Amount that it is already over budget: $1 billion

Current total estimated cost of the Vogtle project: more than $15 billion

Year in which the top U.S. nuclear regulator predicted that nuclear power would someday be “too cheap to meter”: 1954

Percent by which cost estimates for new nuclear reactors grew between 2002 and 2008: 200 to 400

Number of new reactors for which companies sought construction permits from the Nuclear Regulatory Commission between 2007 and 2009: 30

Number of those proposed reactors that are actually being built amid problems including a lack of financing and uncertainty following Japan’s Fukushima nuclear disaster: 4

Percent of those reactor projects that are behind schedule and over budget: 100

Number of U.S. and international organizations that have formally rejected nuclear power as a solution to the climate crisis due to its high cost, slow deployment, and serious safety risks: more than 800

Donate

Editorial director of the NC-based Institute for Southern Studies, publisher of Facing South and Southern Exposure, where she focuses on energy & the environment.

Leave A Reply

Subscribe

All the latest from Z, directly to your inbox.

Institute for Social and Cultural Communications, Inc. is a 501(c)3 non-profit.

Our EIN# is #22-2959506. Your donation is tax-deductible to the extent allowable by law.

We do not accept funding from advertising or corporate sponsors.  We rely on donors like you to do our work.

ZNetwork: Left News, Analysis, Vision & Strategy

Subscribe

All the latest from Z, directly to your inbox.

Sound is muted by default.  Tap 🔊 for the full experience

CRITICAL ACTION

Critical Action is a longtime friend of Z and a music and storytelling project grounded in liberation, solidarity, and resistance to authoritarian power. Through music, narrative, and multimedia, the project engages the same political realities and movement traditions that guide and motivate Z’s work.

If this project resonates with you, you can learn more about it and find ways to support the work using the link below.

No Paywalls. No Billionaires.
Just People Power.

Z Needs Your Help!

ZNetwork reached millions, published 800 originals, and amplified movements worldwide in 2024 – all without ads, paywalls, or corporate funding. Read our annual report here.

Now, we need your support to keep radical, independent media growing in 2025 and beyond. Every donation helps us build vision and strategy for liberation.

Subscribe

Join the Z Community – receive event invites, announcements, a Weekly Digest, and opportunities to engage.

Exit mobile version