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Energy Department approves multibillion loan to back new nuclear plants

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The Energy Department announced Wednesday that it is closing on a multibillion-dollar federal loan guarantee to help finance construction of the first new nuclear reactors in the United States in more than three decades. Energy Secretary Ernest Moniz said his department will finalize $6.5 billion of the $8.3 billion loan guarantee it offered electric utility Southern Co. in February 2010...

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