Sandwiched in between was the $8.3bn in federal loan guarantees in 2010 to contribute to the funding of Southern Company’s new reactors at the Vogle site in Georgia, with the first one projected to be in operation in 2016, ironically at the end of Obama’s time in office.
Southern Company executives are insistent that the loan guarantees alongside benefits up to $2bn in the form of savings from recovering financing costs during construction, production tax credits, lower-than-forecast interest rates and commodity prices, are the reason why their customers can see the potential in units 3 and 4 at the site. "
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