Southern Co. CEO sees "positive movement" on loan guarantees

03/18/2013 | Atlanta Journal-Constitution, The

Southern Co. Chairman, President and CEO Thomas Fanning expressed optimism about federal loan guarantees worth $8.3 billion that would support the construction of two new reactors at the company's Plant Vogtle in Georgia. Southern and the Department of Energy have been discussing loan guarantee terms since 2010, and Fanning said he has "seen positive movement lately." The loan guarantees "will help to serve our customers and help reduce long-term energy costs. So that would be helpful," Fanning said.

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Atlanta Journal-Constitution, The

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