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30 companies the Obama administration invested in with Dept. of Energy loans

Published: Sunday, June 17 2012 2:37 p.m. MDT

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www.southerncompany.com
Investment: $8.33 billion
Permanent jobs estimate: 800
Temporary jobs estimate: 3,500
Location: Waynesboro, Ga.

The announced government loan guarantee is slated to help fund the Plant Vogtle nuclear expansion project in Georgia. As of May 9, Georgia Power's parent company, Southern Co., was continuing negotiations with the Department of Energy over the conditions of the $8.3 billion in loan guarantees. On May 17, the Southern Alliance for Clean Energy obtained loan guarantee documents which, the alliance claims, show Southern Company pursuing federal nuclear loan guarantees at significantly below market rates. The company has denied that the loan and project will hurt taxpayers, and said that it has "considerable financial skin in the game."
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