|Vogtle Construction Site|
The money is part of an $8.3 billion package of loan guarantees that the federal government conditionally approved in 2010.
The reactors will be part of the Vogtle electricity generating facility outside of Waynesboro, Ga., where two nuclear reactors already operate.
The overall cost for the new reactors at the Vogtle site is estimated at $14 billion.
The loan guarantees show that the White House is committed to the "all of the above" energy policy that President Barack Obama touted in his State of the Union speech last month. The strategy, which includes natural gas, oil, coal, solar and renewable fuels. (WSJ, 2/18/2014)