nuclear-news

The leaders of the tax-writing Finance Committee unveiled legislation that would guarantee the project roughly $800 million in federal tax credits, money Vogtle’s operators have long been counting on for their balance sheets.

The language, which Georgia’s congressional delegation has been lobbying hard for this year, would end the 2021 sunset date for the previously-promised nuclear production tax credits. Vogtle’s operators would receive the credits only after the new units go fully into operation.

The extension was needed since the project is not scheduled to be complete until 2022.

It is still unclear when both chambers of Congress will consider the legislation. Nuclear industry lobbyists have been pushing for lawmakers to consider the language as part of a must-pass government spending agreement later this week, but time on Capitol Hill is in short supply before the holiday break. U.S. Sen. Johnny Isakson suggested Tuesday that Congress could wait until January and then make the credits retroactive…..http://politics.blog.myajc.com/2017/12/20/congress-moves-to-aid-georgias-troubled-nuclear-project/