Southern studying details of loan guarantee offer for Vogtle

03/19/2010 | Augusta Chronicle (Ga.), The

Southern and its subsidiary, Georgia Power, have yet to decide if they will accept the Obama administration's offer of $8.33 billion in loan guarantees for two new reactors at Plant Vogtle in Georgia, said Mike McCracken, an executive at Southern. The company has 90 days to accept the offer, "but there are conditions -- strings attached -- that still have to be worked out," said McCracken.

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Augusta Chronicle (Ga.), The

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