As reported by Rachel M. Cohen in The Intercept.
The article touches on the federal taxpayer-backed nuclear loan guarantees wrapped up in the years behind schedule, billions of dollars over budget Vogtle 3 & 4 reactor new build project in GA.
In 2014, Obama administration Energy Secretary Ernest Moniz -- reportedly still in the running to becomes Biden's Energy Secretary -- awarded Southern Nuclear et al. $8.3 billion in nuclear loan guarantees for Vogtle 3 & 4. In return, he was awarded a seat on Southern's board of directors.
Trump administration Energy Secretary Rick Perry, out of the blue, awarded Southern another $3.7 billion in nuclear loan guarantees. Former Perry presidential campaign manager, Jeff Lewis, helped make this happen, as a hired gun lobbyist for Southern.
If Southern and its partners default on their loan repayments, American taxpayers could well be left holding the bag for $12 billion in nuclear loan guarantees. That is 22 times the amount of taxpayer money lost in the Solyndra solar loan guarantee default, a decade ago ($535 million).