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Utility made failed plea for billion-dollar nuclear grant

John Bazemore / AP

Top executives at the company behind two financially struggling nuclear reactors, which were halted earlier this week, tried but failed to get a federal grant totaling at least $1 billion and as much as $3 billion from the Trump administration, Axios has learned.

Why it matters: The plea from SCANA Corp., the utility behind the pair of failed reactors in South Carolina, offers a glimpse into the behind-the-scenes deliberations occurring between the Trump administration, which has spoken positively of nuclear power, and the industry facing mounting economic challenges. This was the most explicit opportunity the Trump administration had to show that its rhetoric would translate into action. It opted not to, largely because of the steep price tag.