Cancelling Georgia nuclear plant could cost owners billions
The federal government is warning the owners of a troubled nuclear power plant in Georgia that any move to cancel a planned expansion would lead to demands for quick repayment of nearly $6 billion in federal loans. In a letter to the plant's three owners, the Department of Energy said late Friday that if the construction project is cancelled, the government is "prepared to move swiftly to fully enforce its rights under terms of the loan guarantee agreements, including the repayment provisions."