Senate Appropriations Committee Schedules Hearing on DOE FY 2020 Budget Request
ECA Staff | 3/22/2019
The Senate Appropriations Committee has scheduled a series of hearings for next week on the President's fiscal year (FY) 2020 budget request for various cabinet departments.
The hearing, which will take place in Room 138 of the Dirksen Senate Office Building, comes a day after House appropriators will hear from the Secretary on March 26 (House hearing broadcast here).
In preparation for the House and Senate hearings, DOE continues to release additional budget justification documents. Today, the Department produced the following statistical tables, which distinguish between the agency's defense and non-defense spending.
To follow new releases on DOE's budget justification, visit here.
COMMERCIAL NUCLEAR
Secretary Perry Announces Financial Close on Additional Loan Guarantees During Trip to Vogtle Advanced Nuclear Energy Project
U.S. Department of Energy | 3/22/2019
WAYNESBORO, GA—Today at the Alvin W. Vogtle Electric Generating Plant, U.S. Secretary of Energy Rick Perry announced that the Department of Energy reached financial close for up to $3.7 billion in additional guarantees of loans to finance the continued construction of Vogtle Units 3 and 4, the nation’s only active advanced nuclear energy construction project.
The Department issued guarantees of loans for the following Vogtle owners: up to $1.67 billion to Georgia Power Company (GPC); up to $1.6 billion to Oglethorpe Power Corporation (OPC); and up to $415 million to three subsidiaries of the Municipal Electric Authority of Georgia (MEAG Power). The Department had previously announced conditional commitments for the additional $3.7 billion in loan guarantees in September 2017. The Department
will now guarantee a total of up to $12 billion in loans for the project, including existing guarantees of up to $8.3 billion in loans to GPC, OPC, and the MEAG Power subsidiaries provided in 2014 and 2015.
“The Vogtle project is critically important to supporting the Administration’s direction to revitalize and expand the U.S. nuclear industry,” said Secretary Perry. “A strong nuclear industry supports a reliable and resilient grid, and strengthens our energy and national security. As I’ve witnessed firsthand today, Vogtle is also an energy infrastructure project with a massive scope employing thousands of workers. This project is
rebuilding a highly skilled U.S. nuclear workforce and supply chain for the future.”
The Vogtle project is the first new nuclear power plant to be licensed and begin construction in the United States in more than three decades. Once in operation, these two new nuclear reactors are expected to provide more than 17 million megawatt-hours of clean electricity annually. This is enough reliable electricity to power more than 1.6 million American homes while avoiding nearly 10 million metric tons of carbon dioxide emissions
annually
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Learn more about DOE's cleanup sites with ECA's new DOE Site Profiles
ECA's new site profiles detail DOE's 13 active Environmental Management cleanup sites and national laboratories, highlighting their history, missions, and priorities. The profiles are a key source for media, DOE stakeholders, and other parties who may be interested in learning more about DOE site activities, contractors, advisory boards, and their surrounding local
governments.
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