ATLANTA (AP) — Three years after the U.S. government pledged billions of dollars for a nuclear plant in Georgia, Southern Co. and its partners haven't closed the deal.
President Barack Obama's administration recently agreed to once again extend a deadline for agreeing on the lending terms for a first-of-its-kind nuclear plant in the state.
Under the plan, the government would provide $8.3 billion in low-interest lending to the utilities who own the new reactors at Plant Vogtle (VOH'-gohl).
A combination of issues seems to have slowed the process. Southern Co. officials say they are still interested in the loans if the terms make sense for shareholders and customers.
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