Nuclear Energy Institute President Marvin Fertel says the Department of Energy is close to...

|By:, SA News Editor

Nuclear Energy Institute President Marvin Fertel says the Department of Energy is close to closing a loan guarantee deal with Southern Co. (SO -0.6%) that would back two new nuclear power reactors under construction in Georgia. Fertel says he isn't involved directly in the talks, but his understanding is SO believes the issues holding up the loan guarantee aren't "insurmountable."