Ameren says no to loan for building new power plant
CALLAWAY COUNTY, MO. -- After Pres. Barack Obama announced this week a multibillion dollar loan program to jump start the building of nuclear power plants.
Ameren UE said they will not be vying for the loan to build a new reactor in Callaway County.
A spokesman said while the loan guarantees are "a favorable sign" there are still a lot of obstacles that would prevent Ameren UE from building another reactor.
A major sticking point, according to Ameren UE, is a rule that won't allow for hike rates to pay for construction costs until the plant is up and running.
