On Tuesday, President Obama will proclaim plans to break ground on two new nuclear reactors at a Southern Company plant in Burke, Georgia - the first new U.S. nuclear reactors since the incident at Three Mile Island in 1979.
The president will make the statement at the IBEW Local Headquarters in Lanham, Md., where union members can learn application that can be used in the construction of nuclear power plants.
The Energy Policy Act of 2005 authorized the Department of Enegery to issue loan guarantees "for projects that avoid, decrease, or sequester air pollutants or greenhouse gas emissions and employ new or significantly-improved technologies," the White House official said, adding that it has been one of Energy Secretary Stephen Chu’s top priorities to allot $18.5 billion under that authority.
The President has planned tripling loan guarantees for nuclear-power plant construction to more than $54 billion in his FY2011 budget.
Last month the president announces the formation of a bipartisan Blue Ribbon Commission to review policies for nuclear waste, led by former Rep. Lee Hamilton, D-Ind., and the National Security Adviser to President George H.W. Bush, Brent Scowcroft.
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