The Obama administration’s approval of a federal loan guarantee for the construction of two Georgia nuclear reactors was met with applause from across the political spectrum, but new analysis reveals potential Solyndra-like problems facing the project.
“E-mails indicate periodic involvement by the Secretary of Energy on loans and loan terms, and by the White House and top levels of Department of the Treasury on other issues related to the Vogtle Project,” reads the analysis by Earth Track and Synapse Energy Economics, which was conducted on behalf of the Southern Alliance for Clean Energy and Friends of the Earth.
Earth Track and Synapse Energy Economics analyzed hundreds of documents obtained through multiple Freedom of Information Act requests.
They shed light on potential problems with the loan guarantee process for the Vogtle nuclear reactors in Georgia, including indications of political involvement from the Obama administration in key financial decisions.
“We are not alleging … any improper conduct. However, it is clear that top officials are engaged and interested in trying to make the Vogtle loan guarantee work,” Max Chang, a report author and associate at Synapse Energy Economics, told reporters in a teleconference.
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