Nuclear power, banks link up in bid to get better financing

Bogardus, Kevin; Snyder, Jim
May 2007
Hill;5/24/2007, Vol. 14 Issue 63, p20
The article reports on the joined efforts of the nuclear energy industry and the top banking institutions to get better financing for new power plants from the Office of Management and Budget (OMB) in the U.S. The 90 percent loan guarantee afforded by the federal government does not satisfy the needs of the nuclear industry because they expect a hundred percent coverage of the finance. The loans act as a protection for private lenders in taking the risks in putting up nuclear power plants.


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