Republican senators, industry cheer nuke loan guarantees

The announcement of the first loan guarantees for nuclear plants also drew applause from Sen. Lisa MurkowskiLisa MurkowskiScaramucci: 'I'm more of a front-stabbing person' compared to D.C. backstabbers Trump targets Murkowski after healthcare votes Warren: Entire country must speak up on GOP healthcare bill MORE (R-Alaska), the top Republican on the Energy and Natural Resources Committee.

“I applaud the Obama administration and the Department of Energy for moving forward on a loan guarantee agreement that could see construction of the first new nuclear power project in this country in more than 30 years,” Murkowski said in a statement. “While there remain significant challenges to overcome to ensure the future of nuclear energy in this country, including finding a permanent solution to dealing with the nation’s spent nuclear fuel, today’s announcement is most welcome.”

Obama has been emphasizing that much of his energy platform – including support for nuclear power and wider offshore drilling – should appeal to the GOP as he seeks a compromise that also includes greenhouse gas caps. The emissions caps face much tougher sledding.

The nuclear announcement also won praise from industry groups including the Nuclear Energy Institute and U.S. Chamber of Commerce.

The Sierra Club was far less enthusiastic, although Executive Director Carl Pope, in a statement, also looked on the bright side.

"We are pleased that President Obama reiterated the need to put a price on carbon and build a clean energy economy with more renewable energy and greater energy efficiency. While we remain wholeheartedly behind the president's overall vision for America's energy future, there are areas of disagreement and loan guarantees for new nuclear power plants are one of them,” he said.

"We need to prioritize the cleanest, cheapest, safest, and fastest ways to reduce emissions and nuclear power is neither clean, cheap, nor fast, nor safe. Putting taxpayers on the hook for billions, particularly when the non-partisan Congressional Budget Office puts the risk of default at over 50 percent, is not the best use of limited government resources.  The $8 billion in loan guarantees announced today are unlikely to cover even half the final cost of the two reactors to be built.  Retrofitting our homes and commercial buildings would result in significantly greater emissions reductions almost immediately – at far less cost – and would also cut energy bills in the long-run,” Pope added.