WASHINGTON (AP) – President Barack Obama next week will announce a loan guarantee to build the first nuclear power plant in the United States in almost three decades, an administration official said Friday. The two new Southern Co. reactors to be built in Burke, Ga. are part of a White House energy plan administration officials hope will draw Republican support. Obama’s direct involvement in announcing the award underscores the political weight the White House is putting behind its effort to use nuclear power and alternative energy sources to lessen American dependence on foreign oil and reduce the use of other fossil fuels blamed for global warming
Obama called for “a new generation of safe, clean nuclear power plants” in his Jan. 27 State of the Union speech, and followed that by proposing to triple loan guarantees for new nuclear plants. Obama’s budget for the coming year would add $36 billion in new federal loan guarantees on top of $18.5 billion already budgeted – but not spent – for a total of $54.5 billion. That’s enough to help build six or seven new nuclear plants, which can cost $8 billion to $10 billion each.
posted by GeoT
Oct. 27– President Barack Obama today will announce $3.4 billion in government grants for equipment to improve the efficiency of the nation’s electrical transmission network.
The grants, ranging in size from $400,000 to $200 million, will be used to develop and install “smart-grid” technology to make electricity transmission more reliable and aid the transmission of energy generated from sources like wind and solar power.
Smart Grid Layout
“The current system is outdated and dilapidated,” Carol Browner, the White House’s top energy adviser, said in a conference call with reporters late yesterday. “Today’s grants “will give us a transformational impact on how electricity is generated, delivered and consumed,” she said.
The money comes from the $787 billion economic stimulus legislation approved by Congress in February. Jared Bernstein, chief economic adviser to Vice President Joe Biden, said during the conference call the grants will “save or create tens of thousands” of jobs.
Bernstein said Oct. 15 the stimulus legislation has created or saved about 1 million jobs since it was enacted. The nation’s unemployment rate rose to 9.8 percent last month, and the president has said he expects it to exceed 10 percent before it starts coming down.
Solar Power Plant
Obama will announce the grants today in Arcadia, Florida, at one of the nation’s largest solar power generating facilities. Florida Power & Light Co.’s DeSoto Next Generation Solar Energy Center will generate enough power for 3,000 homes when it is completed
See: Largest Solar Power Plant In U.S. Rises in Sunshine State
DOE: “The Smart Grid: An Introduction”
Enhancing the Smart Grid: Integrating Clean Distributed and Renewable Generation (PDF 1.14 MB)
Vice President Biden Outlines Funding for Smart Grid Initiatives