04 Oct '11, 2pm

Some Loans Go Bad; Others Just Fade Away: Loan guarantees have been far harder to arrange for nuclear plants tha...

Constellation Energy The Calvert Cliffs nuclear plant in Maryland. Frustrated by the government’s demand for a $880 million loan fee, Constellation Energy abandoned plans for a third reactor there. As my colleague Eric Lipton and I report in Tuesday’s paper, the Obama administration was divided early on over the loan guarantee to Solyndra, the solar equipment manufacturer that took $528 million in federal money before it filed for bankruptcy in September. But the Solyndra loan was hardly the first occasion for recent conflict between two wings of the administration, the White House Office of Management and Budget and the Energy Department. Another divide persisted through most of 2009 and 2010 over loan guarantees for new nuclear reactors. The Energy Policy Act of 2005 provided loan guarantees of up to $18.5 billion for new reactor construction, but only one reactor projec...

Full article: http://green.blogs.nytimes.com/2011/10/04/some-loans-go-b...

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Green Blog: Some Loans Go Bad; Others Just Fade...

green.blogs.nytimes.com 04 Oct '11, 2pm

Some Loans Go Bad; Others Just Fade Away By MATTHEW L. WALD Constellation Energy The Calvert Cliffs nuclear plant in Maryl...

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