The US House-Senate conference committee axed a proposal to include $50 billion in federal loan guarantees that could have been utilized by the nuclear and coal industries as well as for renewable energy projects.
This increase would have expanded the current DE loan guarantee program funding of $18.5 billion and allowed more new nuclear power plants to obtain critical US government loan guarantees.
Called Title 17, the Innovative Technology Loan Guarantee Program, the provision would have put aside $50 billion to guarantee loans under the Energy Policy Act of 2005 for eligible projects, to remain available until committed.
See complete article at: 'Nuclear Pork' Cut Out of Final Recovery and Reinvestment Package
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