Moody’s: New federal loan guarantees to Plant Vogtle ‘credit positive’

New federal loan guarantees for the nuclear expansion at Plant Vogtle are “credit positive” for the nearly $28 billion project, according to Moody’s Investors Service.

In a report issued Tuesday, the credit rating agency indicated $3.7 billion in additional loan guarantees U.S. Energy Secretary Rick Perry announced last week will help reduce the project’s financing costs.

“The loan guarantee indicates the government’s ongoing support for the Vogtle nuclear project despite its substantial delays,”…

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