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No. of Recommendations: 2
There is a big difference between a Production Tax Credit and a federal loan guarantee. The PTC is obtained whenever power is produced, for the period the PTC is in effect. A loan guarantee is only paid out if the project goes into default or bankruptcy. The Vogtle project has not defaulted. Therefore the loan guarantee has not been paid out.

The Vogtle project has not received $8 billion in "subsidies" as the poster describes. It is possible that Southern Co. has obtained a slightly lower interest rate on the insured loan. Many renewable energy projects have also obtained those sort of loan guarantees, in accordance with the Energy Policy Act of 2005.

- Pete
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