Tag Archives: loans

Federal Government Backs 6.5 Billion Dollars in Loans for Plant Vogtle

  By Glenn Carroll, Special to The Atlanta Progressive News (APN) ATLANTA — On February 20, 2014, U.S. Secretary of Energy Ernest Moniz came down to Georgia to sign off on giving 6.5 billion in taxpayer dollars to Southern Company, its subsidiary Georgia Power, and Oglethorpe Power to build two nuclear reactors at Plant Vogtle near Augusta.   MEAG (Municipal […]

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(IPS) US Agency Gave Nuclear Industry a Sweet Deal, Documents Reveal

This article first appeared on the Inter-Press Service website at: http://www.ipsnews.net/2012/06/u-s-agency-gave-nuclear-industry-a-sweet-deal-documents-reveal/ ATLANTA, Georgia, Jun 30 2012 (IPS) – The Southern Alliance for Clean Energy (SACE) recently won a two-year legal battle to secure documents from the U.S. Department of Energy under the Freedom of Information Act related to nuclear power loan guarantees offered to utility companies under the Barack Obama […]

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(IPS) First Federal Reserve Audit Reveals Trillions in Secret Bailouts

This article first appeared on the Inter-Press Service website at: http://www.ipsnews.net/news.asp?idnews=104913. ATLANTA, Aug 28, 2011 (IPS) – The first-ever audit of the U.S. Federal Reserve has revealed 16 trillion dollars in secret bank bailouts and has raised more questions about the quasi-private agency’s opaque operations. “This is a clear case of socialism for the rich and rugged, you’re-on-your-own individualism for […]

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