U.S. Rep. Charlie Dent (PA-15) welcomed President Obama’s announcement that the federal government will provide $8 billion in loan guarantees to construct new nuclear power plants in the United States. The initial guarantees will be used to build two new reactors in the state of Georgia. Support for additional projects is expected to be announced in the future through the Department of Energy.
Congressman Dent issued the following statement:
“I have long contended the expanded use of nuclear power will help advance significant national priorities, including the development of clean energy technology, lowering of energy costs for Americans and creation of quality jobs.”
“I support providing $8 billion in loan guarantees to build the nation’s first new nuclear reactors in nearly thirty years. While this type of development is long overdue, I am confident it will help revitalize a promising domestic industry and spur much-needed economic development and jobs in communities throughout the U.S. Building new nuclear facilities will immediately support thousands of local jobs in the construction sector and provide many more sustainable jobs once the reactors become operational.
“While nuclear energy alone will not solve our nation’s complex energy problem, its long-term development is a crucial component. Nuclear energy is vital to creating a diverse national energy portfolio – one that includes alternatives and renewables, as well as more traditional fuels like oil and natural gas.
“As we transform our energy sector, it is equally imperative that we do not hinder our economic growth and sock the American people with higher energy costs, as would happen under costly legislation like ‘cap and trade,’ which would disproportionately harm states like Pennsylvania.”