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Obama in nuclear loan deal

President Barack Obama will announce an $8.3bn (£5.3m) loan guarantee next week for Southern Co to build and operate the first new US nuclear power plant in nearly three decades, an administration official said on Friday. The financial backing, meant to show Obama's commitment to nuclear energy as he fights to pass a climate change bill through Congress, would go toward two new nuclear reactors at a plant in Burke, Georgia, the official said.